1. Local government legislation? New budget law?

2. At the same time, due to the budget law, local budgets can not be a deficit.

3. Budget Law of China makes it clear, that local government is not permitted to issue public debts.

4. The budget law is old, but it does not lie in its outmoded clauses. The spirit that democracy and constitutional ideas of the restraining government fails to soak into it.

5. According to the related regulations of China 's budget law, the issuing right of government debentures centralizes at central government and local governments do not have rights to issue debentures .

6. Finally, the PRC Budget Law in 1995 can't meet the requirements of economy, which make the PC's budget scrutiny and approval system become nominal.

7. Because of under development, the system of budget law has some defects, especially missing of the principles, so that many problems come up and need to be solved in the operation of budget law.

8. Perfect current budget law, not only strengthen the need that the budget supervises , but also the reality of perfecting our country's public financial legal system needs.

9. Italy's 2012 budget law was passed by the Chamber of Deputies by a clear majority, and as promised, Prime Minister Berlusconi stepped down from his post to make way for new leadership.

10. Based on tenets of law and Budget Law, we propose two principles of Budget Law, i. e. ,[http://] democratic principle and legal principle.

11. But present "Budget law" the stipulation is not very comprehensive, its content urgently awaits to consummate.

12. This study can be taken as an important reference to the amendment and perfection of Budget Law.

13. The reality of the current operation of the local government budget process deviated from the budget law, which restricts the process of democratic administration in our country.

14. So, the principle of budget openness should be established as a fundamental principle of budget law.

15. The legal framework of national debts issuing management should be defined by the budget law.

16. The democratic principle of budget is not only the important principles of budget law, but also the foundation of other principles of budget law.

17. As an important component of the economic law, the budget law should carry out the public budget system and reflect the idea and characteristic of the public budget.

18. And its legal regulation should be improved by government charge law, administration legislation, state-owned asset law, budget law and so on.

19. This is in addition to cuts of about nine hundred billion dollars required by the budget law that created the congressional supercommittee.