Fiscal Accounting

Fiscal accounting in government contexts refers to the systematic recording, analyzing, and reporting of a government's financial transactions and activities. It ensures transparency and accountability in how public funds are collected and spent. This includes budgeting, tracking revenues like taxes, and managing expenditures for services such as education and healthcare. The goal is to provide accurate financial information to policymakers and the public, ensuring resources are used effectively and in compliance with laws and regulations. This process supports informed decision-making and helps build trust in government financial management.