0 → financial year
1 a period of twelve months (not always January 1st to December 31st) for which a government or business plans its management of money
2 a period of 12 months for which a company prepares its accounts:
3 a period of 12 months for which a government records its income and spending:
It follows that public spending increased more after fiscal year 1988 than before fiscal year 1987.
I then propose two hypotheses that would explain why public spending increases at the end of the fiscal year.
These sites are to report data accumulated during the previous fiscal year.
It would not wish to surprise the nation, deep into the fiscal year, when program spending suddenly threatens to surpass the cap.
Section 5 proposes scenarios and explains why public spending increases later in the fiscal year.
The most recent data available were for the fiscal year 1996-97.
Although the rationale for federal action has been accepted, testimony must be given and the appropriations voted for each fiscal year.
In the fiscal year 1908-9 its income almost tripled, from £7,546 to £21,214.
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