fiscal year

American  

noun

1. any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.

---

fiscal year British  

noun

1. any annual period at the end of which a firm's accounts are made up

2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

---

fiscal year Cultural  

1. A twelve-month period for which an organization, such as a government or corporation, plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.

---

Etymology

Origin of fiscal year

An Americanism dating back to 1835–45

Example Sentences

Gilt investors also expect government debt issuance to fall in the fiscal year to April 2027.

From The Wall Street Journal

The Indian economy is now projected to grow 7.6 percent for the full fiscal year, up from a forecast of 7.4 percent published last month, a press release from the statistics ministry said.

From Barron's

The City Council voted to hire one additional class of 40 police recruits in January for $1.7 million — bringing the number of police hires up to 280 this fiscal year.

From Los Angeles Times

Ahuja says margins are expected to increase over the course of this fiscal year, but won’t show up in the first quarter, as costs related to the job cuts will still be trickling through.

From The Wall Street Journal

The outlook for the government’s finances has improved in recent months and investors expect the Debt Management Office to announce lower sales of gilts in the next fiscal year in an announcement due Tuesday.

From The Wall Street Journal

Related Words

• calendar year
• financial year