fiscal responsibility
/ˈfɪs.kəl rɪˈspɒn.sɪb.ɪl.ɪti/ · fis·cal re·spon·si·bi·li·ty
noun
- The practice of managing public or private finances prudently, ensuring that expenditures do not exceed revenues and that debts are kept under control. The new mayor pledged fiscal responsibility by cutting unnecessary city projects and balancing the budget.
Synonyms
budgetary prudencefinancial prudencefiscal prudencesound budgetingeconomic responsibilityfinancial responsibilitybudgetary responsibilityfiscal discipline
Antonyms
Did you know? The phrase "fiscal responsibility" became a political rallying cry during the 1990s U.S. budget debates, famously used by the Clinton administration to promote a balanced‑budget amendment.