"Fiscal responsibility" in governance refers to the prudent management of public funds to ensure long-term economic stability. It encompasses principles such as maintaining balanced budgets, minimizing deficits, and ensuring transparency in financial operations. Governments that practice fiscal responsibility strive to optimize spending while promoting efficient use of resources, thereby avoiding excessive debt. This approach can contribute to economic growth and improve public trust in institutions. Keeping financial practices accountable and responsible also allows for better investment in necessary public services and infrastructure, ultimately benefiting society as a whole.