French Public Finance in the Great War And to Day With Chapters On Banking And

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He has no means, except moral suasion, of bringing pressure to bear upon them either to keep down their estimated requirements or to compel them to live within the amounts allotted to them in the budget.
It is the duty of the minister of finance to lay before the chamber of deputies, annually, estimates of expenses and of revenues for the next fiscal year. These estimates, together with the accompanying recommendations for making them effective are known by the generic term "the budget. " FRENC
...H PUBLIC FINANCE [ 169 The Budget M. Rene Stourm, the leading authority on the subject, defines the budget of the state as "a document containing a preliminary approved plan of public income and expendi- tures. " The term, as it has come to be used now-a-days, is perhaps better defined by Bastable as covering "a combina- tion of ideas of (i) a valuation of receipts and expenditure, or a public balance sheet, and (2) a legislative act establish- ing and authorizing certain kinds and amounts of expendi- ture and taxation.

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