Emergency Budget

a schedule of state revenues and expenditures that is regarded as an addition to, rather than a formal part of, the ordinary state budget and is approved by a special procedure differing from that for the ordinary budget.

In capitalist countries of the era of premonopoly capital, emergency budgets were introduced sporadically, chiefly in wartime. In the present stage of the general crisis of capitalism, emergency budgets, which have become a recurring phenomenon, are used to conceal or minimize chronic budget deficits, to help provide funds for military appropriations and strategic construction projects, and to service the national debt. They exist in several capitalist countries in various forms, including supplementary budgets and budgets comprising special receipts and expenditures. The USSR does not have emergency budgets.