# Budgetary reserve

- Canonical URL: https://www.gerhardmerk.de/budgetary-reserve
- Post ID: 594215
- Modified: 2023-07-25T21:01:24+00:00
- Language: en

## Definition

The accumulation of money in political entities (municipalities, counties, states, federal states) with the purpose of - saving funds for specific tasks or - strengthening their own creditworthiness. - As financial history teaches, the accumulation of a budget reserve has almost never succeeded. The Austrian economist Joseph A. Schumpeter (1883-1950) probably rightly remarked: it is more likely for a dog to build up a stock of sausages than for a democratic government to build up a budget reserve. - See hardship fund, disaster fund, Schumpeter theorem, treasury. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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