Definition, Meaning & Synonyms
fiscal-irresponsibility
noun
/ˈfɪskəl ˌɪrɪˌspɒnsəˈbɪlɪti/
Definition
The lack of good judgment in managing a person’s or an organization’s financial resources.
Examples
- The government’s fiscal irresponsibility led to a national debt crisis.
- Many companies fail due to fiscal irresponsibility in their budgeting process.
- Fiscal irresponsibility can endanger future investments and economic stability.
Meaning
Fiscal irresponsibility refers to making poor financial decisions that can lead to significant debt or failure to meet financial obligations.
Synonyms
- financial negligence
- budgetary irresponsibility
- fiscal recklessness
