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Balanced Budget Amendment
A balanced budget amendment is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government. Balanced-budget provisions have been added to the constitutions of Germany, Hong Kong, Italy, Poland, Slovenia, Spain and Switzerland, among others, as well as to the constitutions of most U.S. states. In the United States, the Republican Party has advocated for the introduction of a balanced budget amendment to the United States Constitution. Balanced budget amendments are defended with arguments that they reduce deficit spending and constrain politicians in making irresponsible short-term spending decisions when they are in office. Research shows that balanced budget amendments lead to greater fiscal discipline. However, there is substantial agreement among economists that ''strict annual'' balanced budget amendments have harmful near-term economic effects. In times of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitutional
A constitution is the aggregate of fundamental principles or established precedents that constitute the legal basis of a polity, organisation or other type of entity and commonly determine how that entity is to be governed. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a ''written constitution''; if they are encompassed in a single comprehensive document, it is said to embody a ''codified constitution''. The Constitution of the United Kingdom is a notable example of an ''uncodified constitution''; it is instead written in numerous fundamental Acts of a legislature, court cases or treaties. Constitutions concern different levels of organizations, from sovereign countries to companies and unincorporated associations. A treaty which establishes an international organization is also its constitution, in that it would define how that organization is constituted. Within states, a constitution defines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Government
The Government of the Kingdom of Sweden ( sv, Konungariket Sveriges regering) is the Cabinet (government), national cabinet of Sweden, and the country's Executive (government), executive authority. The Government consists of the Prime Minister of Sweden, Prime Ministerappointed and dismissed by the Speaker of the Riksdagand other cabinet ministers ( sv, Statsråd), appointed and dismissed at the sole discretion of the Prime Minister. The Government is Parliamentary system, responsible for its actions to the Riksdag. The short-form name ' ("the Government") is used both in the Basic Laws of Sweden and in the vernacular, while the long-form is only used in international treaties. Organization The Government operates as a Cabinet collective responsibility, collegial body with collective responsibility and consists of the Prime Minister of Sweden, Prime Ministerappointed and dismissed by the Speaker of the Riksdag (following an actual vote in the Riksdag before an appointment can b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Mundo (Spain)
''El Mundo'' (; ), before ''El Mundo del Siglo Veintiuno'', is the second largest printed daily newspaper in Spain. The paper is considered one of the country's newspaper of record, newspapers of record along with ''El País and ABC (newspaper), ABC.'' History and profile ''El Mundo'' was first published on 23 October 1989. Perhaps the best known of its founders was Pedro J. Ramírez, who served as editor until 2014. Ramirez had risen to prominence as a journalist during the Spanish transition to democracy. The other founders, Alfonso de Salas, Balbino Fraga and Juan González, shared with Ramírez a background in Grupo 16, the publishers of the newspaper ''Diario 16''. Alfonso de Salas, Juan Gonzales and Gregorio Pena also launched ''El Economista (Spain), El Economista'' in 2006. ''El Mundo'', along with ''Marca (newspaper), Marca'' and ''Expansión (Spain), Expansión'', is controlled by the Italian publishing company RCS MediaGroup through its Spanish subsidiary company Uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Constitution
The Spanish Constitution (Spanish, Asturleonese, and gl, Constitución Española; eu, Espainiako Konstituzioa; ca, Constitució Espanyola; oc, Constitucion espanhòla) is the democratic law that is supreme in the Kingdom of Spain. It was enacted after its approval in a constitutional referendum, and it is the culmination of the Spanish transition to democracy. The Constitution of 1978 is one of about a dozen of other historical Spanish constitutions and constitution-like documents; however, it is one of two fully democratic constitutions (the other being the Spanish Constitution of 1931). It was sanctioned by King Juan Carlos I on 27 December, and published in the ' (the government gazette of Spain) on 29 December, the date on which it became effective. The promulgation of the constitution marked the culmination of the Spanish transition to democracy after the death of general Francisco Franco, on 20 November 1975, who ruled over Spain as a military dictator for nearly 40 y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majority Of The Entire Membership
A supermajority, supra-majority, qualified majority, or special majority is a requirement for a proposal to gain a specified level of support which is greater than the threshold of more than one-half used for a simple majority. Supermajority rules in a democracy can help to prevent a majority from eroding fundamental rights of a minority, but they can also hamper efforts to respond to problems and encourage corrupt compromises in the times action is taken. Changes to constitutions, especially those with entrenched clauses, commonly require supermajority support in a legislature. Parliamentary procedure requires that any action of a deliberative assembly that may alter the rights of a minority have a supermajority requirement, such as a two-thirds vote. Related concepts regarding alternatives to the majority vote requirement include a majority of the entire membership and a majority of the fixed membership. A supermajority can also be specified based on the entire membership or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silvio Berlusconi
Silvio Berlusconi ( ; ; born 29 September 1936) is an Italian media tycoon and politician who served as Prime Minister of Italy in four governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011. He was a member of the Chamber of Deputies from 1994 to 2013, and has served as a member of the Senate of the Republic since 2022, and previously from March to November 2013, and as a Member of the European Parliament (MEP) since 2019, and previously from 1999 to 2001. Berlusconi is the controlling shareholder of Mediaset and owned the Italian football club A.C. Milan from 1986 to 2017. He is nicknamed ''Il Cavaliere'' (The Knight) for his Order of Merit for Labour; he voluntarily resigned from this order in March 2014. In 2018, '' Forbes'' ranked him as the 190th richest man in the world with a net worth of US$8 billion. In 2009, ''Forbes'' ranked him 12th in the list of the World's Most Powerful People due to his domination of Italian politics throughout more than twen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a "Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Brake (Germany)
The debt brake (''german: Schuldenbremse'')The EconomistGermany’s debt brake - Tie your hands, please/ref> is a fiscal rule that was enacted in 2009 in Germany. The law, which is in Article 109, paragraph 3 and Article 115 of the Basic Law, Germany's constitution, is designed to restrict structural budget deficits at the Federal level and limit the issuance of government debt. History The debt brake was enacted because the nation's debt-to-GDP ratio exceeded the 60% threshold fixed in the Maastricht Treaty, primarily a result of the heavy payments to reconstruct former communist Eastern Germany after reunification and a loss of tax revenue during the Great Recession. The law required a change to the constitution and in 2009, it was approved with a two-thirds majority both by the Bundestag and the Bundesrat. At the federal level, the law limited the budget deficit to 0.35% of the GDP beginning in 2016 and German states that approved the law were prohibited from taking on debt af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany, officially the Federal Republic of Germany (FRG),, is a country in Central Europe. It is the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the south. Its 16 constituent states have a total population of over 84 million in an area of . It borders Denmark to the north, Poland and Czechia to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in what is now Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Haut Conseil Des Finances Publiques (France)
The High Council of Public Finances (HCFP) is an independent fiscal oversight body created by the Organic Law 2012-1403 in December 2012 by the french government in the framework European Union budgetary coordination. Its aim is to evaluate the assumptions made by the government in relation to the budgets and to ensure the coherence of public finances with the European budgetary agreements and pacts to which France is party. The HCFP operates under the responsibility of the Court of Audit. Legal basis The HCFP operates under the authority granted to it by; * Organic Law 2012-1403 on public finances governance * European Budgetary Pact Objective The HCFP reports of the following variables used by the government when setting the budget; * GDP growth rate * Revenues & Spending by central & local government and public bodies * Revenues & Spending of the Social Security system * Deviations between previous year forecasts and assumptions and outcomes Members The membership c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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