From Longman Dictionary of Contemporary Englishfiscal yearˌfiscal ˈyear noun [countable] 1 PETthe 12 month period used by governments to calculate spending and how much tax a person or business must paylast/current/coming/next fiscal year2 American English the 12 month period over which a company calculates its profits or losses SYN financial year British English
Examples from the Corpus
fiscal year• According to Congress's Joint Committee on Taxation, corporate tax breaks in the 1995 fiscal year might reach 60 billion.• The company a year ago changed its reporting period to a fiscal year that ends March 31 from a calendar year.• Out of 2531 applicants for whom security processing was completed during fiscal year 1978,775 were rejected.• By the next fiscal year, the goal is to spend $ 60 billion a year on new weapons.• The company is expected to incur an unspecified restructuring charge during the next fiscal year, which will begin Feb. 1.• Agricultural production grew by 1 percent in 1989/90 as compared with the previous fiscal year.last/current/coming/next fiscal year• By the next fiscal year, the goal is to spend $ 60 billion a year on new weapons.• It grossed $ 2. 16 billion during the last fiscal year.• The company is expected to incur an unspecified restructuring charge during the next fiscal year, which will begin Feb. 1.• The trick is to meet the target projected for the current fiscal year and to do this by 15 October.• That would more than double spending on the programs to $ 718 million in the next fiscal year.• The government has estimated it would need to raise as much 38 billion rand in the current fiscal year.• Further, she predicted that the division will have another banner year and set a new record in the current fiscal year.• And through five months of the current fiscal year, almost 12 tons of marijuana have been found.From Longman Business Dictionaryfiscal yearˌfiscal ˈyearACCOUNTING1especially American English a company’s financial yearFor the first nine months of its fiscal year, the company’s after-tax profit rose 21% to $364 million.2the 12-month period used by government departments for calculating BUDGETs etc, in Britain ending on April 5The cabinet gave its approval for an austere budget for the next fiscal year.Emergency medical care cost the city $66.5 million in fiscal year 1998. → year 