财政 cáizhèng public finance
public finance; government finance
How to remember 财政: 财 riches + 政 government = public finance.
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How it is used
- Public/government finance - 财政预算 (cáizhèng yùsuàn) the fiscal budget; 财政部 (cáizhèng bù) the Ministry of Finance.
- Refers to state/institutional revenue and spending, NOT personal money.
- Distinct from 金融 (jīnróng, finance as banking/markets) and 财务 (cáiwù, a firm's accounting/finances).