Fiscal/ˈfɪskl/ Definition 1 of 3Pro Tip 1/3Government Budgeting Used to describe processes related to government spending and revenue collection. The minister outlined the fiscal strategies for the upcoming year. Pro Tip 2/3Economic Health Indicates the state of the economy, often in terms of budget balance. Analysts are concerned about the country's fiscal imbalance. Pro Tip 3/3Time-Specific Refers to a period used for accounting purposes, often a year. Our company aligns its fiscal year with the calendar year.