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Balanced Budget Amendment
A balanced budget amendment or debt brake 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 in the past advocated but no longer advocates 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 from 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 harmfu ... [...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, organization or other type of entity, and commonly determines 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, and treaties. Constitutions concern different levels of organizations, from sovereign countries to companies and unincorporated associations. A treaty that establishes an international organization is also its constitution, in that it would define how that organization is constituted. Within states, a constitution defin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Mundo (Spain)
(; ), before , is the second largest printed daily newspaper in Spain. The paper is considered one of the country's newspapers of record along with '' El País'' and '' ABC''. History and profile 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'' in 2006. , along with '' Marca'' and '' Expansión'', is controlled by the Italian publishing company RCS MediaGroup through its Spanish subsidiary company Unidad Editorial S.L. Its former owner was Unedisa which merged with Grupo Recoletos in 2007 to form Unidad Editorial, current owner of the paper. The pape ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Constitution
The Spanish Constitution () is the supreme law of the Kingdom of Spain. It was enacted after its approval in 1978 in a constitutional referendum; it represents the culmination of the Spanish transition to democracy. The current version was approved in 1978, three years after the death of dictator Francisco Franco. There have been dozens of constitutions and constitution-like documents in Spain; however, it is "the first which was not imposed by a party but represented a negotiated compromise among all the major parties". It was sanctioned by King Juan Carlos I on 27 December, before it was 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 climax of the Spanish transition to democracy after the death of general Franco, on 20 November 1975, who ruled over Spain as a military dictator for nearly 40 years. This led to the country undergoing a complex process that included a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majority Of The Entire Membership
A supermajority is a requirement for a proposal to gain a specified level of support which is greater than the threshold of 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 can also hamper efforts to respond to problems and encourage corrupt compromises at times when action is taken. Changes to constitutions, especially those with entrenched clauses, commonly require supermajority support in a legislature. In consensus democracy the supermajority rule is applied in most cases. __TOC__ History The first known use of a supermajority rule was in juries during the 100s BC in ancient Rome. In some cases, two thirds of jurors had to confirm they were ready to take a decision before the matter went to a simple majority vote. Pope Alexander III introduced the use of supermajority rule for papal elections at the Third Lateran Council in 1179. In the Democratic Party of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silvio Berlusconi
Silvio Berlusconi ( ; ; 29 September 193612 June 2023) was an Italian Media proprietor, media tycoon and politician who served as the prime minister of Italy in three governments from 1994 to 1995, 2001 to 2006 and 2008 to 2011. He was a member of the Chamber of Deputies (Italy), Chamber of Deputies from 1994 to 2013; a member of the Senate of the Republic (Italy), Senate of the Republic from 2022 until his death in 2023, and previously from March to November 2013; and a member of the European Parliament (MEP) from 2019 to 2022, and previously from 1999 to 2001. With a net worth of US$6.8 billion in June 2023, Berlusconi was the third-wealthiest person in Italy at the time of his death. Berlusconi rose into the financial elite of Italy in the late 1960s. He was the controlling shareholder of Mediaset and owned the Italian football club AC Milan from 1986 to 2017. He was nicknamed ''Il Cavaliere'' ('The Knight') for his Order of Merit for Labour; he voluntarily resigned f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Off-budget Fund (Germany)
In , an off-budget fund ("off-budget entity", "special fund", , the same word ''Sondervermögen'' in other context can be used for "special asset", a state-owned enterprise) is an independent additional budget ("shadow budget") that is intended exclusively to fulfill individual, limited tasks of the federal government in an emergency situation, is not part of the regular budget and thus is not subject to the debt brake and thus can be used for circumvention of budget rules. Management and financial responsibility for the off-budget entities is provided by the federal government, the funds are set up and managed in accordance with the provisions of the (BHO) (Section 113 BHO).''Sonder- und Treuhandvermögen des Bundes.'' Wissenschaftliche Dienste des Deutsc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £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. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
States Of Germany
The Federal Republic of Germany is a federation and consists of sixteen partly sovereign ''states''. Of the sixteen states, thirteen are so-called area-states ('Flächenländer'); in these, below the level of the state government, there is a division into local authorities (counties and county-level cities) that have their own administration. Two states, Berlin and Hamburg, are city-states, in which there is no separation between state government and local administration. The state of Bremen (state), Bremen is a special case: the state consists of the cities of Bremen (city), Bremen, for which the state government also serves as the municipal administration, and Bremerhaven, which has its own local administration separate from the state government. It is therefore a mixture of a city-state and an area-state. Three states, Bavaria, Saxony, and Thuringia, use the appellation ("free state"); this title is merely stylistic and carries no legal or political significance (similar t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Brake (Germany)
Germany's balanced budget amendment, also referred to as the debt brake ('), is a fiscal rule enacted in 2009 by the First Merkel cabinet. 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. The rule restricts annual structural deficits to 0.35% of GDP. The debt brake is controversial among economists. It is supported by a German strand of economics, ordoliberalism, while other economists have challenged the rule. In 2024, amid a stagnating German economy, Bundesbank president Joachim Nagel called on the German government to reform the debt brake in order to finance structural investments in the German economy. The debt brake has been amended twice since enactment, in 2022 and in 2025, both under the Scholz cabinet in the 21st Bundestag and both for the purpose of significantly increasing defense spending. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Haut Conseil Des Finances Publiques (France)
The High Council of Public Finances (HCFP) () is a French independent fiscal oversight body. 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 French Court of Audit. History body created by the Organic Law 2012-1403 in December 2012 by the French government in the framework European Union budgetary coordination. The HCFP is a member of the EU Independent Fiscal Institutions Network set up by the EU in September 2015 for international coordination. 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 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
