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 ?
A The emergency Budget brought in an interim measure which has immediately increased the annuity purchase age from 75 to 77.
Summary: The emergency budget will hit women harder than men because they will be affected most by public sector cuts, the Unite union has warned.
BRITAIN'S emergency Budget could bring further relief to many Irish businesses, particularly those in the Border region, it was claimed yesterday.
Full details will be revealed when chancellor George Osborne announces his emergency Budget on Tuesday.
decision firms' average in administration BUSINESS leaders in Coventry and Warwickshire have written to the Chancellor ahead of the emergency Budget next week to urge the coalition government to 'think small first'.
The future of the BSF scheme is likely to feature in the Government's emergency budget on June 22.
The committee has not budged on policy since last November and will want to weigh up the impact of Chancellor George Osborne's emergency Budget on inflation before making its next move.
CHANCELLOR George Osborne is widely expected to raise VAT to 20 per cent or higher in his emergency budget later this month.
Ahead of this month's emergency Budget, the British Retail Consortium (BRC) warned against increasing VAT and supported plans to crack down on tax evasion.
TODAY'S emergency Budget will inevitably announce further cuts and therefore it is clear the way out of recession cannot be lead by Government spending.
A demonstration calling for their withdrawal is expected to take place outside Downing Street tomorrow, the day of the emergency Budget.
A PROPOSAL has been submitted by t h e Royal Institution of Chartered Surveyors ahead of the emergency Budget, urging the Government to use the property and construction sectors to help economies like Yorkshire and Humberside's to grow.