Fiscal Year

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The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Congress passes appropriations legislation to fund the government for every fiscal year.[1]

References

  1. ↑ http://www.senate.gov/pagelayout/reference/b_three_sections_with_teasers/glossary.htm
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