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Budget Crisis

Budget Crisis
Autor: Lambert M. Surhone / Mariam T. Tennoe / Susan F. Henssonow
Verfügbarkeit: Auf Lager.
Artikelnummer: 745941
ISBN / EAN: 9786131295485

Verfügbarkeit: sofort lieferbar

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Produktbeschreibung

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A budget crisis is an informal name for a situation in which the legislative and the executive in a presidential system deadlock and are unable to pass a budget. In presidential systems, the legislature has the power to pass a budget, but the executive often has a veto in which there are insufficient votes in the legislature to override. If no emergency provisions are made for the government''s budget, a budget crisis may develop into a government shutdown in which the government temporarily suspends non-essential services until a budget is passed. Unlike parliamentary systems, where a Loss of Supply would trigger resignations and new elections, a budget crisis can often lead to an extended standoff. At the federal level in the United States, a crisis can often be averted by a continuing resolution which appropriates funding at the same level as the previous budget.

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