Usually means: Control over financial expenditures, budget.
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We found 13 dictionaries that define the word purse strings:

General (13 matching dictionaries)
  1. purse strings: Merriam-Webster
  2. purse strings: American Heritage Dictionary of the English Language
  3. purse strings: Collins English Dictionary
  4. purse strings: Vocabulary.com
  5. purse-strings: Wordnik
  6. the purse strings: Cambridge Advanced Learner's Dictionary
  7. purse strings: The Wordsmyth English Dictionary-Thesaurus
  8. purse strings: Infoplease Dictionary
  9. purse strings: Dictionary.com
  10. Purse Strings: Wikipedia, the Free Encyclopedia
  11. purse strings: TheFreeDictionary.com

(Note: See purse_string as well.)

Definitions from Wiktionary (Purse string)

noun:  Alternative form of pursestring [A cord or string, the middle of which is enclosed in the hem of the opening of a soft purse or sack, that, when pulled, closes the purse.]
▸ Also see purse_string


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