What does fiscal capacity mean?
Definitions for fiscal capacity
fis·cal ca·pac·i·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fiscal capacity.
Wikipedia
Fiscal capacity
Fiscal capacity is the ability of the state to extract revenues to provide public goods and carry out other functions of the state, given an administrative, fiscal accounting structure. In economics and political science, fiscal capacity may be referred to as tax capacity, extractive capacity or the power to tax, as taxes are a main source of public revenues. Nonetheless, though tax revenue is essential to fiscal capacity, taxes may not be the government's only source of revenue. Other sources of revenue include foreign aid and natural resources.In addition to the amount of public revenue the state extracts, fiscal capacity is the state's investment in "state structures—including monitoring, administration, and compliance through such things as training tax inspectors and running the revenue service efficiently". When investment in these administrative or bureaucratic fiscal structures are specific to the state's power to extract resources, fiscal capacity is moreover related to a larger concept of state capacity. Finally, given that public goods funded by fiscal capacity include infrastructure development, health, education, military and social insurance, a state's fiscal capacity is essential to its economic growth, development, and state-building.
Editors Contribution
fiscal capacity
The ability, vision, strategy, goals, plans, objectives, budgets, mechanism, structures and systems of a form of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government, business, company, enterprise or organization to generate revenue.
Fiscal capacity is an important factor for governments to consider when developing their Fiscal policy.
Submitted by MaryC on June 4, 2015
Numerology
Chaldean Numerology
The numerical value of fiscal capacity in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of fiscal capacity in Pythagorean Numerology is: 2
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"fiscal capacity." Definitions.net. STANDS4 LLC, 2024. Web. 7 May 2024. <https://www.definitions.net/definition/fiscal+capacity>.
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