Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto power
Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto power
Chapter16: Budget Deficits In The Short And Long Run
Section: Chapter Questions
Problem 2TY
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Question
Which of the following statements about state budget is wrong?
a.
Budget may be annual or biennial
b.
About half of the states have dual budget system - operating budget and capital budget
c.
Most operate under the balanced budget requirement
d.
All governors have item veto power
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