fiscal management

Fiscal management involves planning, organizing, and controlling how an organization or government handles its financial resources. It includes creating budgets, monitoring income and expenses, and making strategic decisions to ensure financial stability and achieve goals. Effective fiscal management helps prevent overspending, promotes saving or investing funds appropriately, and ensures transparency and accountability in financial activities. Overall, it’s about managing money wisely to support ongoing operations and future growth, whether for a business, government, or other entity.