What's the difference between budget and fiscal?

Budget


Definition:

  • (n.) A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions.
  • (n.) The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries.

Example Sentences:

  • (1) Handing Greater Manchester’s £6bn health and social care budget over to the city’s combined authority is the most exciting experiment in local government and the health service in decades – but the risks are huge.
  • (2) Mike Ashley told Lee Charnley that maybe he could talk with me last week but I said: ‘Listen, we cannot say too much so I think it’s better if we wait.’ The message Mike Ashley is sending is quite positive, but it was better to talk after we play Tottenham.” Benítez will ask Ashley for written assurances over his transfer budget, control of transfers and other spheres of club autonomy, but can also reassure the owner that the prospect of managing in the second tier holds few fears for him.
  • (3) But the wounding charge in 2010 has become Brown's creation of a structural hole in the budget, more serious than the cyclical hit which the recession made in tax receipts, at least 4% of GDP.
  • (4) The playing fields on which all those players began their journeys have been underfunded for years and are now facing a renewed crisis because of cuts to local authority budgets.
  • (5) Cameron also used the speech to lambast one of the central announcements in the budget - raising the top rate of tax for people earning more than £150,000 to 50p from next year.
  • (6) We are in the middle of the third year of huge cuts in acute hospitals' budgets," said Porter.
  • (7) Liu was a driving force behind the modernisation of China's rail system, a project that included building 10,000 miles of high-speed rail track by 2020 – with a budget of £170bn, one of the most expensive engineering feats in recent history.
  • (8) Based on the economics of most countries in Africa, their Health Budgets can afford mostly the non-opioid and strong opioid drugs in more or less adequate quantities.
  • (9) Non-essential Federal government services will remain closed until a budget to pay for them has been agreed.
  • (10) The need here is to promote the development of genuinely participative models – citizens panels and juries, patient and community leaders, participatory budgeting, and harnessing the power of digital engagement.
  • (11) The agency, which works to reduce food waste and plastic bag use, has already been gutted , with its budget reduced to £17.9m in 2014, down from £37.7m in 2011.
  • (12) Cable argued that the additional £30bn austerity proposed by the chancellor after 2015 went beyond the joint coalition commitment to eradicate the structural part of the UK's current budget deficit – the part of non-investment spending that will not disappear even when the economy has fully emerged from the recession of 2008-09.
  • (13) George Osborne’s eighth budget is unlikely to be a radical affair , as the state of the public finances and the upcoming EU referendum limit the chancellor’s room for manoeuvre.
  • (14) However in a repeat of the current standoff over the federal budget, the conservative wing of the Republican party is threatening to exploit its leverage over raising the debt ceiling to unpick Obama's healthcare reforms.
  • (15) The BBC has reversed its decision to close the Asian Network digital radio station – but will look to cut its budget in half.
  • (16) It has so far returned a mere $6m (£3.6m) of its relatively meagre $28m (£17.1m) budget, according to Forbes, a percentage of just 21%.
  • (17) "We were the ones with the most over-indebted banks, the most over-indebted households and we had the biggest budget deficit of virtually any country, anywhere in the world.
  • (18) • Motorola Moto G – the best budget smartphone for just £135
  • (19) In Wednesday’s budget speech , George Osborne acknowledged there had been a big rise in overseas suppliers storing goods in Britain and selling them online without paying VAT.
  • (20) However, it has since increased that to £2.1m or 15.6% of that budget.

Fiscal


Definition:

  • (a.) Pertaining to the public treasury or revenue.
  • (n.) The income of a prince or a state; revenue; exhequer.
  • (n.) A treasurer.
  • (n.) A public officer in Scotland who prosecutes in petty criminal cases; -- called also procurator fiscal.
  • (n.) The solicitor in Spain and Portugal; the attorney-general.

Example Sentences:

  • (1) Yet the Tory promise of fiscal rectitude prevailed in England Alexander had been in charge of Labour’s election strategy, but he could not strategise a victory over a 20-year-old Scottish nationalist who has not yet taken her finals.
  • (2) Matthias Müller, VW’s chief executive, said: “In light of the wide range of challenges we are currently facing, we are satisfied overall with the start we have made to what will undoubtedly be a demanding fiscal year 2016.
  • (3) Paul Johnson, the IFS director, said: “Osborne’s new fiscal charter is much more constraining than his previous fiscal rules.
  • (4) Documents seen by the Guardian show that blood supplies for one fiscal year were paid for by donations from America’s Office of Foreign Disaster Assistance (OFDA) and Britain’s Department for International Development (DfID) – and both countries have imposed economic sanctions against the Syrian government.
  • (5) Likewise, Merkel's Germany seems to be replicating the same erroneous policy as that of 1930, when a devotion to fiscal orthodoxy plunged the Weimar Republic into mass discontent that fuelled the flames of National Socialism.
  • (6) Unfortunately, under the Faustian pact we have witnessed a double whammy: fiscal policy being used to reduce government spending when the economy is already depressed.
  • (7) When you have champions of financial rectitude such as the International Monetary Fund and OECD warning of the international risk of an "explosion of social unrest" and arguing for a new fiscal stimulus if growth continues to falter, it's hardly surprising that tensions in the cabinet over next month's spending review are spilling over.
  • (8) As Greece pleads with its eurozone creditors for more time in meeting its fiscal adjustment targets, Dombrovskis is a fierce champion of surgical austerity applied quickly and ruthlessly.
  • (9) He still insists that the nation will return to surplus by 2020 – a make-or-break target that will define the success or failure of his fiscal mission.
  • (10) Would the Greek crisis have been avoided if Europe had stuck to fiscal discipline?
  • (11) Yet the OBR’s list of basic assumptions in its 260-page report on the economic and fiscal outlook this week are not exactly controversial: the UK to leave the EU in 2019; slower import and export growth in the transitional period; a tighter migration regime.
  • (12) Chris Williamson, of data provider Markit, said: "A batch of dismal data and a gloomier assessment of the economic outlook has cast a further dark cloud over the UK's economic health, piling pressure on the government to review its fiscal policy and growth strategy.
  • (13) A separate DWP-commissioned report, by the Institute of Fiscal Studies , on the impact of housing benefit caps for private sector tenants was welcomed by ministers as a sign that fears that the reform would lead to mass migration out of high-rent areas like London were unfounded.
  • (14) The authors provide an important description of a successful alternative foster parent recruitment effort, including the provision of fiscal incentives for foster parent recruiters.
  • (15) Canadian cancer care has evolved under systems of provincial and federal fiscal control and aims to optimize the management of patients within each province.
  • (16) These fiscal savings have been realized by our students and their parents.
  • (17) Moreover, uncertainty about the resolution of these fiscal issues could itself undermine business and household confidence," said Bernanke.
  • (18) European-wide standards and regulations are being formulated to remove the physical, fiscal, and technical barriers to the free movement of goods, services, capital, and people among member states.
  • (19) We are not doing it as loudly, we're not embracing it quite as much, but the fact of the matter is we do need a much more stimulative fiscal policy."
  • (20) Labour has suggested giving Holyrood control of income tax; the Lib Dems support the idea of fiscal autonomy; while the Conservatives say they are committed to "a strengthening of devolution".