noun
public finance; government finances
Refers to the financial operations and condition of a national or local government, including revenue, expenditure, and debt.
政府は財政赤字の削減に取り組んでいる。
The government is working to reduce the fiscal deficit.
地方財政は厳しい
Local government finances remain in a severe situation.
noun
financial situation; financial affairs
Broader than public finance; can refer to the financial state of an organization, household, or individual.
家計の財政が苦しくて、旅行はあきらめた。
Our household finances are tight, so we gave up on the trip.
会社の財政状態は改善しつつある。
The company's financial situation is improving.