Under the Constitution, fiscal decisions rest with Congress, which passes laws specifying tax rates and establishing spending programs.
State and local governments are in severe fiscal trouble, and their constitutions often prevent deficit spending.
Eurozone governments would also be urged to enshrine fiscal rectitude in their constitutions – on the lines of the German "debt brake" – and to draw up budgets on advice proffered by a UK-style independent office for budget responsibility.
The mission of the coalition she said at the time would be to promote "fiscal responsibility, adherence to the Constitution, and limited government".
To the extent that he has a policy at all, it's a shopworn version of the twenty-first-century Republican usuals: ratifying a balanced budget amendment to the Constitution "to restore fiscal responsibility," introducing a flat tax, not raising the minimum wage, yada, yada, yada.
Misplaced hope that the enforcement problem can be solved by enshrining the fiscal compact in member states' constitutions might be based on a misunderstanding of the US system.
Constitutional Commissions, 1987 Constitution.
But before it can do so, it must secure the agreement of the states, which prize their fiscal autonomy, and an amendment to the constitution, which details who gets to tax what.The constitution specifies that India's states can tax goods, such as tendu leaves, but not services, which are the preserve of the central government.
Later on Friday, the council of state will determine whether the vote violates Greece's constitution, which bans referendums on fiscal policy.
