financial year

noun

1. any annual period at the end of which a firm's accounts are made up
2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

Example Sentences

Borrowing in the financial year to October has now reached £96.6bn, which is £1.1bn more than at the same point last year.

From BBC

However, he insisted Lidl’s investment plans in the UK would not change, with 18 more stores due to open in the next few months followed by 40 in the next financial year.

From BBC

Oxford City Council says the investigation service saved it £7.4m in the past financial year through fraud prevention and detection.

From BBC

Dundee University has told staff that job losses are "inevitable" as it faces a potential deficit of £30m in the next financial year.

From BBC

Altogether, discretionary spending accounted for around 25% of the total in the 2023 financial year according to the Congressional Budget Office, with more than half of that going to defence.

From BBC

Related Words

• calendar year