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consuntivo

final balance

noun kohn-soon-TEE-voh Rare
People & Society Money

Also means

actual expenditure report

Usage Note

Consuntivo is an accounting and public-administration term for a statement of actual income and expenditure after the period has ended — as opposed to preventivo ('budget estimate' or 'quote,' prepared in advance). The phrase bilancio consuntivo ('final accounts') is standard in Italian public finance. It is also used as an adjective in that phrase.

Examples

"Il consuntivo annuale mostra un avanzo di bilancio."

Natural Translation

The annual final balance shows a budget surplus.

Literal Translation

The final-balance annual shows a surplus of budget.

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