Profligacy

Meaning

Reckless extravagance or wasteful spending; licentious or wildly immoral behaviour.

Origin / Etymology

Latin profligare (to ruin, to strike down), from pro- (forward) + fligere (to strike)

Synonyms

Extravagance Wastefulness Excess

Antonyms

Frugality Thrift Austerity

Example Sentence

"The Fiscal Responsibility and Budget Management (FRBM) Act was enacted precisely to curb fiscal profligacy, mandating that the central government maintain its fiscal deficit within 3% of GDP."

🎯 UPSC Usage

Use in GS3 Economy answers on fiscal policy, public expenditure management, and debt sustainability. Also relevant when discussing populist economic measures and their long-term costs. Contrasts with 'austerity' in GS3 answers on fiscal consolidation.

Relevant Subjects