What Is Fiscal Year 2024. As the name suggests, financial years are used for financial reporting, tax and budgeting purposes. China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of a fresh fiscal stimulus,.

Different countries and companies use different fiscal years (often referred to in financial records with the acronym fy), and. 1 excluding the effects of shifts in the timing of certain outlays, the.