what is fiscal

"Fiscal" is an adjective that refers to financial matters related to taxation, public revenues, or public debt. It is often used in the context of government policies that influence economic conditions, such as fiscal policy. Fiscal policy involves the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, such as aggregate demand for goods and services, employment, inflation, and economic growth. Governments use fiscal policy to promote strong and sustainable economic growth. The term "fiscal" can also refer to a period of 12 months, or a part of that period, used by a company to calculate and report its financial information.