fiscal accountability
[/ˈfɪskəl əˌkaʊntəˈbɪləti/]
noun
responsabilidade fiscal
1. The obligation of public officials, organizations, or institutions to account for and justify the use of public funds and financial resources
The government implemented new measures to ensure fiscal accountability in all departments.
O governo implementou novas medidas para garantir a responsabilidade fiscal em todos os departamentos.
2. The requirement to provide transparent records and reports of financial transactions and budget management
Fiscal accountability is essential for maintaining public trust in government spending.
A responsabilidade fiscal é essencial para manter a confiança pública nos gastos governamentais.
3. The legal and ethical duty to spend money wisely and in accordance with established regulations
The audit examined the agency's fiscal accountability over the past three years.
A auditoria examinou a responsabilidade fiscal da agência nos últimos três anos.
In Brazil, fiscal accountability gained significant emphasis following the 1988 Constitution (Constituição Federal) and the Fiscal Responsibility Law (Lei de Responsabilidade Fiscal - LRF, enacted in 2000). This concept is central to public administration and is regularly discussed in relation to government corruption and transparency initiatives. In the United States, fiscal accountability is a cornerstone of government operations and corporate governance, with particular attention paid to federal and state budget management, especially after major financial crises.
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