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In most cases, only budget items that exceed a certain absolute amount or a certain proportion of the total budget or investments that will burden the budget for a number of years can be subjected to a financial referendum. The financial referendum may be either optional or mandatory. In its optional form a specified number of signatures from ...
A referendum, plebiscite, or ballot measure is a direct vote by the electorate (rather than their representatives) on a proposal, law, or political issue. [1] A referendum may be either binding (resulting in the adoption of a new policy ) or advisory (functioning like a large-scale opinion poll ).
In the politics of the United States, the process of initiatives and referendums allow citizens of many U.S. states [1] to place legislation on the ballot for a referendum or popular vote, either enacting new legislation, or voting down existing legislation.
National budget: a budget that the federal government creates for the entire nation. State budget: In federal systems, individual states also prepare their own budgets. Plan budget: It is a document showing the budgetary provisions for important projects, programmes and schemes included in the central plan of the country.
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The politician sees the budget process as "a political event conducted in the political arena for political advantage". [1] The economist views budgeting as a matter of allocating resources in terms of opportunity cost where allocating resources to one consumer takes resources away from another consumer. [ 1 ]
Plans to hold a nonbinding referendum on Puerto Rico’s political status came under scrutiny Wednesday for its multimillion-dollar cost as election officials announced the order and description ...
The Committee for a Responsible Federal Budget (CRFB) is a non-profit public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representative Robert Giaimo (D-CT) and United States Senator Henry Bellmon (R-OK), [2] and its board of directors includes past heads of the House and Senate Budget Committees ...