ABSTRACT
In this chapter, the author concentrates on the impact the economic crises of the 21st century have had on budget process in the context of control issues. The budget process is now beginning to vary from its theoretical model, which entrusts the government with the power to prepare and execute, and the parliament with the power to adopt and control the state budget. This impact refers both to formal and substantive matters, which means that it concerns the form, content, and actual course of the budget process. Via judicial review, it also changes the control of both the parliament’s and government’s actions. Therefore, from the perspective of public debt and budget deficits, numerous essential questions must be answered, including those referring to changes in the role of central banks. This chapter concludes with a proposal to introduce changes to reduce or even eliminate these questions. The author thus attempts to identify these issues and to propose possible solutions.
