Kosiński, Eryk2016-12-052016-12-051995Ruch Prawniczy, Ekonomiczny i Socjologiczny, 57, 1995, z. 3, s. 11-210035-9629http://hdl.handle.net/10593/16320The principle of balanced budget is one of the most fundamental budgetary principles. It guarantees that the state expenditure does not go beyond the amount of the revenue received for a given fiscal year. Therefore, a possibility of budgetary deficit - so dangerous for the financial stability of the state - is precluded. The paper describes the functioning and the legal mechanism of systems which have been responsible for the balanced budget in the USA since the 1985 Gramm-Rudman-Holdings Act reform, and the system in the European Union. It is worth noticing that together with the principle of the equilibrium, it is necessary to impose a compliance of the state budget with the principle of universality, and - for technical reasons - the principles of annuality and unity.polinfo:eu-repo/semantics/openAccessArtykuł