Emergency Budget

Emergency Budget

 

a schedule of state revenues and expenditures that is regarded as an addition to, rather than a formal part of, the ordinary state budget and is approved by a special procedure differing from that for the ordinary budget.

In capitalist countries of the era of premonopoly capital, emergency budgets were introduced sporadically, chiefly in wartime. In the present stage of the general crisis of capitalism, emergency budgets, which have become a recurring phenomenon, are used to conceal or minimize chronic budget deficits, to help provide funds for military appropriations and strategic construction projects, and to service the national debt. They exist in several capitalist countries in various forms, including supplementary budgets and budgets comprising special receipts and expenditures. The USSR does not have emergency budgets.

References in periodicals archive ?
TEESSIDE People's Assembly will hold protests in Middlesbrough and Stockton on Wednesday as part of a national day of action against chancellor George Osborne's Emergency Budget.
This additional contribution to the EU Eurozone Fund and the previous bail-out for Greece may have contributed to the cuts announced by Chancellor George Osborne in his emergency budget.
This announcement came hours after the Palestinian cabinet approved an emergency budget starting from April 1.
CALLS have been made for a BD100,000 emergency budget to be set up to help families in Manama who lose their homes due to fire damage or disrepair.
The sale plan is expected to be included in George Osborne's emergency budget on July 8.
Their calls come ahead of his emergency Budget on July 8.
An amendment calling for an emergency budget and the rejection of the 2015/16 spending plans was defeated by 125 votes to 14, with six abstentions, at the gathering of Labour delegates.
AN emergency budget to pass further in-year cuts is being strongly considered to help Cardiff council clear a projected multi-million-pound overspend, the Echo understands.
Jalil did not specify how much the emergency budget will be, nor on what sectors it will be spent in Libya.
TAOISEACH Enda Kenny yesterday insisted he is "not contemplating" an emergency Budget.
Because it is an economic emergency we need an emergency budget to start to take action to get the economy moving.
The opposition-controlled upper house voted for the final legislative step for the emergency budget, which was approved by the lower house last week, according to a report of the German Press Agency "DPA".