Fiscal Autonomy in Scotland: The case for change and options for reform
Fiscal Autonomy in Nigeria is a dream, there is no fiscal autonomy, the Federal Government hold all power and the president is almost as powerful as the monarch of an absolute monarchy.
Fiscal autonomy for the Philippines refers to the ability of local governments to have control over their budget and financial resources independently from the central government. This gives them the power to make decisions on their spending priorities and revenue generation, leading to more efficient and responsive governance at the local level.
Spending within budget
Fiscal policy is how the government taxes and spends money. The objective of fiscal policy is to influence the economic activity of the governmentâ??s country.
2nd Quarter of the 2012 Fiscal Year
Meaning 'I have my credit card'.
The most likely root for the word "fiscal" is the Latin word "fiscus," meaning "basket" or "treasury."
New federalism refers to the political philosophy aimed at transferring certain powers and responsibilities from the federal government back to the states, promoting greater autonomy and local governance. Fiscal federalism, on the other hand, focuses on the financial relationships and distribution of resources between different levels of government, particularly concerning taxation and grant systems. Together, new federalism and fiscal federalism emphasize the need for a more decentralized approach to governance, where states have greater control over their financial resources and decision-making, aligning with the principles of autonomy and local accountability.
The Cordillera Administrative Region (CAR) in the Philippines is often referred to as the Cordillera Autonomous Region, but it lacks full autonomy primarily due to the failure of the proposed Bangsamoro Organic Law (BOL) and the subsequent delays in the realization of autonomy for the region. While CAR has some level of administrative governance, it does not possess the full political and fiscal autonomy that was envisioned in the original autonomy proposals. Additionally, ongoing challenges related to governance, cultural recognition, and the integration of indigenous rights have hindered the establishment of true autonomy in the region.
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.