Budget Crisis
Subject: Finance | Topics:

Budget crisis can happen if the legislative branch features a constitutionally mandated dissolution or perhaps suspension date as well as the budget hasn’t been passed approximately that point. A budget crisis is usually an informal name for a situation in which the legislative and the executive in a presidential system deadlock and can’t seem to pass a price range. Politically, a budget crisis may develop in a situation of disagreement involving state and municipal society.

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