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GG 109. 3 The budgets of the Federation and the Länder shall in principle be balanced without revenue from credits . The Federation and Länder may introduce rules intended to take into account , symmetrically in times of upswing and downswing , the effects of market developments that deviate from normal conditions , as well as exceptions for natural disasters or unusual emergency situations beyond governmental control and substantially harmful to the states financial capacity . For such exceptional regimes , a corresponding amortisation plan must be adopted . Details for the budget of the Federation shall be governed by Article 115 with the proviso that the first sentence shall be deemed to be satisfied if revenue from credits does not exceed 0. 35 percent in relation to the nominal gross domestic product . The Länder themselves shall regulate details for the budgets within the framework of their constitutional powers , the proviso being that the first sentence shall only be deemed to be satisfied if no revenue from credits is admitted .
Level:
Leistung:
fehlt
Status:
Englisch
GG 109. 3
The
budgets
of
the
Federation
and
the
Länder
shall
in
principle
be
balanced
without
revenue
from
credits
.
The
Federation
and
Länder
may
introduce
rules
intended
to
take
into
account
,
symmetrically
in
times
of
upswing
and
downswing
,
the
effects
of
market
developments
that
deviate
from
normal
conditions
,
as
well
as
exceptions
for
natural
disasters
or
unusual
emergency
situations
beyond
governmental
control
and
substantially
harmful
to
the
states
financial
capacity
.
For
such
exceptional
regimes
, a
corresponding
amortisation
plan
must
be
adopted
.
Details
for
the
budget
of
the
Federation
shall
be
governed
by
Article
115
with
the
proviso
that
the
first
sentence
shall
be
deemed
to
be
satisfied
if
revenue
from
credits
does
not
exceed
0. 35
percent
in
relation
to
the
nominal
gross
domestic
product
.
The
Länder
themselves
shall
regulate
details
for
the
budgets
within
the
framework
of
their
constitutional
powers
,
the
proviso
being
that
the
first
sentence
shall
only
be
deemed
to
be
satisfied
if
no
revenue
from
credits
is
admitted
.