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In none of the more or less functional democracies does the head of government have the right to veto bills. Granting legislative powers to the executive is not a check or balance, it disrupts the separation of powers.
You can achieve a check on the legislative by using a bicameral system, as many systems do, though in practice it doesn't end up resulting in significantly better governance than unicameral systems that are also found among the aforementioned group. It's far more important to ensure no single party, faction or (especially) individual has a monopoly on any of the branches of government. You might be surprised how little power the most powerful individual has in any such democracy.
It is not a legislative power though. A veto is not the executive writing a law. A veto is the executive saying "hey Senate, this bill sucks and I don't want to implement it. Go back to the drawing board and either make something I like, or make something that all of you like more than 2/3." Its a forced reconsideration that can avoid hastily written laws passed on a 50+1 and create laws that are more broadly palatable to the country as a whole.
Again, it makes sense in a rational system, with rational people- something we haven't had since before Reagan.