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Proposal for Law No 329 /XII

Exhibition of Motives

Portugal has a long experience in budget programming. In a

first phase it appeared linked to the realization of the Plan. It had thus started, among us, the

period of active economic planning, much influenced by the French model: a

idea of a binding planning for the public sector, indicative for the private sector,

even though strongly conditioner of this, by the prior definition of the goals

economic and social considered priority for the state, of public funding.

From Article 15 (1) of the first Fiscal Framework Act, Law No. 64/77, of

August 26, resulted that " the revenues and expenses pertaining to programs and projects that entail

multi-annual charges and which, within the framework of the Plan, may be considered with autonomy, will be able to appear

of program budgets ", asserting, in this way, the principle of budgeting of the

Plan, through the outline of the first budget programmes.

The solution was still inspired by the French model of the laws of programs, laws that, in fact,

translating mere intentions of a political nature, whose legal effectiveness would be dependent

of the subsequent forecast and budgetary specification.

In paragraph 4 of the aforementioned Article 15 of the Portuguese law, it was provided, in turn, that " a

elaboration, approval and implementation of the programme budgets referred to in this article will be done on the terms

that are set out in the organic law of each project or program, to be approved by decree-law " . This forecast

legal turned out to have no practical sequence.

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It was only with the passage of the State Budget Framework Act, Law n.

40/83, of December 13, which went on to predict, with effect from 1985, a Map

VII pertaining to the multiannual programmes and projects.

The system advocated in this proposed law, following a line already evidenced by the

current Fiscal Framework Act, not least in its last amendments, and following

international and community guidelines in this field, comes thus to define a system

integrated budget programming , in which the different pieces that constitute it work

each other in a "cascading" logic, which implies a change of the whole structure and

composition of the Fiscal Framework Act, in respect of principles and rules,

execution and control.

In fact, it is considered that, upstream, are the requirements for control of the expenditure and of

budgetary discipline. This control is fundamentally done by means of tables of

midterm programming (the medium term fiscal frameworks -the programmes of stability

-and the medium term budget frameworks -the multiannual framework of public expenditure), which

will condition, downstream, budget management in a more "micro" plan. In fact, not only

the creation of budgetary programmes, but also their implementation obliges to a respect of

all of these demands and restrictions that are upstream.

A budget programme aims to link the use of public resources to the

getting a certain result. The emphasis on a programme is more placed on the side of

results instead of the resources. This means that budgeting by programs is not

necessarily a way to reduce public spending.

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The advantage of budget programmes is that they allow to assess the efficiency of the expenditure

public, as they allow to compare the results achieved with the resources

used, specifically to compare the public resources obtained through taxes

used by a given program with the results achieved by that program.

The information provided by the budget programmes should allow to evaluate the cost of the

public policies and shall be on the basis of the decision of each minister responsible for the

affectation of the public resources allocated between programmes, depending on their larger or

lower efficiency.

In addition to this larger purpose, the new budget framework law, introduces other

innovations.

First, it simplifies the budget timetable by linking it to the key dates of the

European semester. On this line, two essential moments in the budget cycle are suggested

annual: the update of the Stability Programme, accompanied by the proposals of Large

Options of the Multiannual Plan and Budget Framework, April 15, and delivery to

Assembly of the Republic of the State Budget Bill for the following year,

to October 1.

Second, it contributes to the reduction of fiscal fragmentation by increasing the

responsibility of the sectoral ministries and changing the role of the Ministry of Finance in the

management and budgetary control. Of emphasizing that the goal of reducing fragmentation

budget requires particular care in various fields. Reffollowed, in the title of

example, the definition of the expense that is the object of the multiannual spending limits, the inclusion

in the law of the framing of excecional situations and the permeability to the consideration of

"budgetary riders".

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Third, it ensures that budgeting for programs is effectively focused on the

getting results, susceptible to being evaluated with recourse to a set of

most relevant indicators. This goal aims to contribute to a paradigm alteration

in the operation of public administrations, giving a concrete, quantifiable content

and evaluable to the principle of economy, efficiency and effectiveness, simultaneously increasing the

budget transparency. Of note that the success of this orientation condones, by wide

measure, the redefinition of the role of the Ministry of Finance and the sectoral ministries to the

long of the entire budget cycle.

Finally, in accounting matters and in accordance with the report on the 11 th review

of the Economic and Financial Assistance Programme (European Commission, 2014),

regarding structural budgetary reforms, it is necessary to create in the framework of the

Ministry of Finance, through the Directorate General of the Budget, an area of

Accounting and Relate, aiming to improve reporting and monitoring of cash flows and

economic, recognizing and measuring assets, liabilities, income, expenditment, expenses,

recipes, payments and receipts.

The creation of the Accounting Entity State in the proposal for a Framework law

Budget aims to recognize according to the method of folding matches and obeying

to the principle of the addition, the tax returns, the direct debt of the state, the interest of that

debt, the financial instruments of the State, the financial investments, contracts

of concession, and other transactions that repurpose to the State as a sovereign entity,

obeying generally accepted accounting principles.

This proposed law safeguards, still, the autonomy of educational institutions

public higher and of its organic units, specifically the provisions of the Articles

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114. and 115 of the Legal Regime of Higher Education Institutions.

Notwithstanding the law may be the object of adaptations with the course of time, it is signed to

need to outline a transitional regime that allows the State and the Administrations

Public to accommodate and apply in full the constant requirements in this law.

Attentive to matter, at the headquarters of the legislative process taking place in the Assembly of the Republic,

are to be heard the self-governing bodies of the Autonomous Regions and the Association

National of Portuguese Municipalities.

Thus:

Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the

Assembly of the Republic the following proposal for a law:

Article 1.

Object

This Act passes the Budgetary Framework Act.

Article 2.

Approval

It is hereby approved, in the annex to this Act and of which it is an integral part, the Framework Act

Budget.

Article 3.

Legislative amendments

The Government approves, within one year after the entry into force of this Law, the

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alteration of the following diplomas, in such a way as to compatibilize them with the new Law of

Budgetary Framework:

a) Law No. 8/90 of February 20;

b) Law No. 43/91 of July 27;

c) Law No. 112/97 of September 16, as amended by the Laws 64/2012, of 20 of

December, and 82-B/2014, of December 31;

d) Law No 7/98 of February 3, amended by Law No. 87-B/98 of December 31;

e) Law No. 3/2004 of January 15;

f) Law No. 4/2004 of January 15;

g) Law No. 8/2012 of February 21, as amended by the Laws 20/2012, of 14 of

may, 64/2012, of December 20, 66-B/2012, of December 31, and 22/2015,

of March 17;

h) Law No. 28/2012 of July 31, as amended by the Laws No. 66-B/2012 of 31 of

December, 51/2013, of July 24, 83-C/2013, of December 31, 75-A/2014,

of September 30, and 82-B/2014, of December 31;

i) Decree-Law No. 18/2008 of January 29.

Article 4.

Implementation unit of the Budget Framework Act

1-The implementation Unit of the Budget Framework Act, henceforth

designated as "Unit", to which is directed by the member of the Government responsible for the

area of finance, and that it has by mission to ensure the implementation of the Law of

Budgetary framework in the legal, technical, communicational dimensions,

computer and control, in such a way as to provide the State and its services and

organisms greater effectiveness of public policies in a logic of results.

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2-A Unit consists of the Executive, Technical and Management Offices and

Coordination of Projects.

3-The Executive Office competes to approve the scope and objectives of each project,

respect budget, oversee project activities and adopt the decisions

necessary for the fulfilment of the established timetables;

4-The Technical Office competes in the planning, implementation and evaluation of projects and

diplomas to be developed in implementation of the Budget Framework Act;

5-The Office of Management and Coordination of Projects competes to promote, coordinate and

control the activities necessary for the realization of the goals of each project,

respecting the approved resources and timetable.

6-A The constitution and the rules of operation of the Unit shall be approved by decree-law,

no later than 180 days after the entry into force of this Law.

7-A Unit works by the three year term, renewable for equal period.

Article 5.

Regulation

1-Within a period of six months from the date of entry into force of this Law, the Government

approves the decree-law referred to in Article 45 (13) of the Framework Act

Budget, approved in annex to this Law.

2-Within a period of one year from the date of entry into force of this Law, the Government

approves a decree-law that contains the specifications and guidelines concerning the

delivery of the budget programmes to all the services and bodies of the

subsectors of the central administration and social security.

3-A The adoption of the model of budget programmes set out in the Framework Act

Budget, approved in annex to this Law, is done in the third budget year

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subsequent to that of the entry into force of this diploma.

4-In the year leading up to the adoption of the budget model by programs, the Government

approves a decree-law, of limited duration and reach, with a view to regulating, in these

first years of duration, its compatibilization with the current legislature and with the

global boundaries and expense parcellars resulting, for that period, of the law of the large

options.

5-The performance information system is introduced gradually, within three

years from the date of the entry into force of this Law, in the terms to be defined by

Decree-law.

6-The Government approves the remaining regulation required to implement the Law of

Budget Framework, adopted in annex to this Law.

Article 6.

Accounting base for budget programmes

The managing entities of the budgetary programmes provided for in Article 46 of the Law of

Budget Framework, approved in annex to this Law, dispose of the deadline of three

years after the entry into force of this diploma to implement the procedures

accounting and others that prove necessary to the presentation, in the Budget of the

State, of the financial statements that involve an optics of addition.

Article 7.

Abrogation standard

1-It is repealed Law No 91/2001 of August 20.

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2-Without prejudice to the provisions of the preceding paragraph, during the period referred to in paragraph 2 of the

next Article shall remain in force the standards of Law No 91/2001 of August 20,

relating to the budgetary process, the content and structure of the State Budget, to the

budget implementation, budgetary changes, budgetary control and

financial responsibility, the significant deviation and correction mechanism, to the accounts,

to budgetary stability, guarantees of budgetary stability as well as the

final provisions.

Article 8.

Entry into force and production of effects

1-A This Law shall come into force on the day following that of its publication.

2-Without prejudice to the provisions of the preceding paragraph, Articles 20 to 76 of the Law of

Budget Framework, adopted in annex to this Law, shall produce effects three

years after the date of the entry into force of this diploma.

Seen and approved in Council of Ministers of April 30, 2015

The Prime Minister

The Minister of the Presidency and Parliamentary Affairs

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ANNEX

(referred to in Article 2)

Budget Framework Law

Title I

Object and scope

Article 1.

Object

This Law establishes:

a) The principles and budgetary rules applicable to the sector of administrations

public;

b) The regime of the budget process, the rules of implementation, accounting and

budgetary and financial reporting, as well as the rules of supervision, control and

budgetary and financial audit, relating to the perimeter of the subsector of the

central and the subsector of social security.

Article 2.

Institutional scope

1-The sector of public administrations covers all services and entities of the

subsectors of the central, regional, local, and social security administration, which do not

have a nature and form of company, foundation or public association.

2-Without prejudice to the principle of budgetary independence, the provisions of Title II and in the

articles 44 and 74 is applicable to the subsectors of regional and local administration, with the

due to adaptations, paying respects to the laws of financing realizes the terms

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of this application.

3-Within the sector of public administrations, it is understood by subsector of security

social the system of solidarity and social security, consisting of the set of the

systems and the subsystems defined in the respective law of bases, the respective sources of

funding and the bodies responsible for their management.

4-Integrate still the sector of public administrations the entities that,

regardless of their nature and shape, have been included in each subsector in the

scope of the European System of National and Regional Accounts, in the latest list of

entities that make up the sector of public administrations released until June 30,

by the national statistical authority, designated by reclassified public entities.

5-The reclassified public entities referred to in the preceding paragraph shall apply to the scheme

of the services and entities of the subsector of the central administration may the same

benefit from a simplified budget implementation control scheme under the terms a

set in the annual state budget law.

6-Possess special autonomy for management of own revenue the entities provided for in the

n Article 57 (3)

Article 3.

Budgetary and accounting scope

1-The budget of the central administration integrates the budgets of the services and entities

public and the Accounting Entity State, henceforth designated by ECE.

2-For the purposes of this Law, the ECE is created, which consists of the set of the

accounting operations of the responsibility of the State and integrates, in particular, the

general revenues, liabilities and assets of the State.

3-A The management of the ECE competes with the member of the Government responsible for the area of finance.

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Article 4.

Reinforced value

The provisions of this Law shall prevail over all the standards establishing regimes

particular budget that would counteract it.

Article 5.

Administrative and financial autonomy of public higher education institutions

The provisions of this Law shall be without prejudice to the special arrangements for administrative autonomy and

financial of public higher education institutions, as well as their units

organic, as disposed of in the respect of the legal regime.

Title II

Budget policy, principles and budgetary rules and financial relations between

public administrations

CHAPTER I

Fiscal policy

Article 6.

Fiscal policy

1-The fundamental legal framework of fiscal policy and financial management,

concretized in this Law, results from the Constitution of the Portuguese Republic and the

provisions of the Treaty on the Functioning of the European Union, of the Covenant of

Stability and Growth in fiscal deficit and public debt and, well

so, from the provisions of the Treaty on Stability, Coordination and Governance of the

Economic and Monetary Union.

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2-A Budget policy should be set for a medium-term horizon, reconciling

the Government's policy priorities with the constraints that result from the application

of the provisions of the preceding paragraph.

Article 7.

Council of Public Finance

1-The Public Finance Council has the mission to pronounce on the objectives

proposed in relation to the macroeconomic and budgetary scenarios, to sustainability

long term of public finances and compliance with the rule on the balance

budget, the expenditure rule of the central administration and borrowing rules

of the autonomous regions and local authorities provided for in the respective laws of

funding.

2-A composition, skills, organisation and operation of the Council of the

Public Finance, as well as the status of the members ' respective members, are defined by law.

Article 8.

Macroeconomic forecasts

1-The budgetary projections underlying the budget programming documents

provided for in this Law shall be based on the most likely macroeconomic scenario or

in a more prudent scenario.

2-Budget programming documents shall include:

a) The macroeconomic and budgetary scenario, with explaination of the hypotheses

considered;

b) The comparison with the latest predictions effected by the Government and the explanation

of the revisions effected;

c) The comparison with the predictions of other national and international bodies

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for the same period;

d) The sensitivity analysis of the macro-budgetary scenario to different hypotheses

for the main variables.

3-Budget programming documents should indicate whether the underlying scenario was

appreciated by the Council of Public Finance.

CHAPTER II

Budgetary principles

Article 9.

Unity and universality

1-The State Budget is unitary and comprises all the revenue and expenditure of the

entities that make up the subsector of the central administration and the sub-sector of security

social.

2-The budgets of the autonomous regions and local authorities are independent of the

State budget and comprise all revenue and expenditure of administrations

regional and local, respectively.

Article 10.

Budgetary stability

1-The sector of public administrations, including all entities and services that the

integrate, is subject, in the approval and execution of the respective budgets, to the principle

of budgetary stability.

2-A Budget stability consists of a situation of balance or surplus

budget.

3-A The realization of the principle of stability depends on compliance with the rules

numerical budgetary set out in Chapter III of this Title, without prejudice to the

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rules provided for in regional and local funding laws.

Article 11.

Sustainability of public finances

1-The subsectors that constitute the sector of public administrations, as well as the

services and entities that integrate them, are subject to the principle of sustainability.

2-Understand for sustainability the ability to finance all commitments,

made or to take up, with respect to the structural budget balance rule and the

public debt, as set out in this Law.

Article 12.

Reciprocal solidarity

1-A preparation, approval and implementation of the budgets of the subsectors that make up

the sector of public administrations are subject to the principle of solidarity

reciprocating.

2-The principle of reciprocal solidarity obliges all sub-sectors, through the

respects services and entities, to contribute proportionally to the realization of the

budget stability referred to in Article 10 and for compliance with the legislation

European in the field of fiscal policy and public finance.

3-The measures that come to be implemented within the framework of this article are sent

to the Council for the Monitoring of Financial Policies and the Council of

Financial Coordination and must appear in the budget summary of the month to

who respect.

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Article 13.

Intergenerational equity

1-A The financial activity of the public administrations sector is subordinated to the

principle of equity in the distribution of benefits and costs between generations, so as to

not excessively burdening future generations, safeguarding their legitimate ones

expectations through a balanced distribution of costs by the various budgets

in a multiannual framework.

2-The report and the informative elements that accompany the proposed law of the

State budget, pursuant to Article 37, shall contain information on the

future impacts of government expenditure and revenue, on state commitments and

on contingent responsibilities.

3-A The verification of the fulfilment of intergenerational equity implies the appreciation of the

budgetary incidence of the following subjects:

a) Of public investments;

b) From investment in human capacity-building, co-financed by the state;

c) Of the charges with financial liabilities;

d) From the financing needs of the entities of the corporate sector of the State;

e) Of budgetary commitments and contingent liabilities;

f) From the explicit and implicit charges in public-private partnerships, grants and

too much financial commitments of multiannual character;

g) From old-age pensions, retirement, invalidity or others with characteristics

similar;

h) Of revenue and tax expense, namely the one that results from the granting of

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tax benefits.

Article 14.

Annuality and pluriannuality

1-The State Budget and the budgets of the services and the entities that integrate the

government sector of public administrations are annual.

2-The budgets of the services and the entities that make up the subsectors of the

central and social security administration integrate budget programmes and are

framed by the Law of Major Options on Planning and the

Multiannual Budget Programming.

3-The economic year coincides with the calendar year.

4-The provisions of the preceding paragraphs shall be without prejudice to the possibility of there being a period

supplementary to budget implementation, in the terms provided for in the decree-law of implementation

budget.

Article 15.

Non-compensation

1-All revenue is provided for by the full importance in which they were assessed, without

deduction some for charge charges or any other nature.

2-A The full importance of tax revenues corresponds to the forecast of the amounts

that, after abating the estimates of the disposals by virtue of benefits

tributaries and the estimated amounts for reimbursements and refunds, are effectively

charged.

3-All expenses are entered by their full importance, without deduction of any

species, resaved the following exceptions:

a) The transactions relating to financial assets;

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b) The management operations of the direct public debt of the State, which are entered into

respects budget programmes, in the following terms:

i) The expenses arising from financial derivatives transactions are

deducted from the recipes obtained with the same operations, being the respect

balance always entered as an expense;

ii) The interest income resulting from operations associated with the issuance of debt

direct public of the State and or the management of the State's Treasury are abated

to expenses of the same nature;

iii) The interest income resulting from the operations associated with the application of the

surplus of State Treasury, as well as those associated with the

cash advances, are abated to the interest expense of the debt

direct public of the State;

iv) The interest income resulting from active operations of the Directorate General of the

Treasure and Finance.

4-A Budget enrollment of financial flows arising from operations associated with the

management of the fund portfolio of funds under management of the Institute of Management of the

Capitalization Funds of Social Security, I.P., is effected in accordance with the

following rules:

a) The revenues obtained in financial derivatives transactions are deducted from the

current expenses of the same operations, being the balance always

enrolled as revenue;

b) The interest received from debt securities is deducted from the accrued interest paid in the

acquisition of the same genus of values, the outstanding balance being always inscribed

as revenue.

5-The provisions of the preceding paragraphs shall be without prejudice to the individualized accounting record

of all financial flows, yet merely scriptural, associated with the operations

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them referred to.

Article 16.

Non-consignment

1-It cannot affect the product of any recipes to the coverage of certain

expenses.

2-Exceed from the provisions of the preceding paragraph:

a) The revenue from reprivatizations;

b) The revenue for traditional community own resources;

c) The revenue affects the financing of social security and its different

systems and subsystems, in the legal terms;

d) The revenues that correspond to transfers from the European Union and

of international organizations;

e) The proceeds from subsidies, donations and legacies of private individuals, which, by

willingness of these, they should be affected to the coverage of certain expenses;

f) The revenue that is, by reason of special reason, affects certain expenses by

express statutory or contractual statutory statuition.

3-The standards that, in the terms of the paragraph f) of the preceding paragraph, consigno revenue to

certain expenses have excecional and temporary character.

Article 17.

Specification

1-The expenditure entered in the budgets of the services and bodies of the subsectors of the

central government and social security are structured in programs, by source of

funding, by organic, functional and economic classifiers.

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2-The revenue is specified by economic classifier and source of funding.

3-Are void the budgetary credits that enable the existence of appropriations for

confidential use or for secret funds, without prejudice to the special schemes

legally provided for use of monies which excecionally are justified by

national security reasons, authorized by the Assembly of the Republic, under proposal

of the Government.

4-A The structure of the codes of the budget classifiers is defined in a diploma of their own.

Article 18.

Economy, efficiency and effectiveness

1-A The assumption of commitments and the realization of expenditure by the services and entities

belonging to the subsectors constituting the sector of public administrations are

subject to the principle of economics, efficiency and effectiveness.

2-A The economy, efficiency and effectiveness consist of:

a) Use of the minimum of resources that ensure the appropriate standards of

quality of the public service;

b) Promotion of productivity addition by the range of similar results

with lower expense;

c) Use of the most appropriate resources to achieve the result that is intended

reach.

3-Without prejudice to the provisions of the previous figures the assessment of the economy, efficiency

and of the effectiveness of public investments involving total amounts higher than

five million euros, should include, where possible, the estimation of their

net budgetary and financial incidences year to year and in global terms.

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Article 19.

Budgetary transparency

1-A approval and implementation of the budgets of the services and the entities that integrate the

government sector of public administrations are subject to the principle of transparency

budget, in the terms of the following numbers and in Chapter IV of Title VI.

2-A Budget transparency implies the provision of information on the

implementation and implementation of the programmes, objectives of fiscal policy,

budgets and accounts of the sector of public administrations, by subsector.

3-A information made available must be reliable, complete, updated, understandable and

comparable internationally, so as to allow to accurately assess the position

financial sector of the public administrations sector and the costs and benefits of their

activities, including their economic and social consequences, present and future.

4-The principle of budgetary transparency includes:

a) The duty of information by the Government to the Assembly of the Republic, in the frame of the

budgetary surveillance powers that this compete;

b) The duty of financial information among the sub-sectors, pursuant to Article 30;

c) The duty to make provision of information to the entity with competence of

monitoring and monitoring of budget implementation, on the terms and deadlines to

define in the decree-budget implementation law.

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CHAPTER III

Budgetary rules

SECTION I

General rules

Article 20.

Rule of structural budget balance

1-The medium-term budgetary objective is the one defined in the framework and in accordance with the Pact

of Stability and Growth.

2-A annual convergence trajectory to achieve the midterm goal is stated in the

Program of Stability.

3-The structural balance, which corresponds to the budget balance of public administrations,

defined in accordance with the European System of National and Regional Accounts, corrected

of the cyclical and liquid effects of extraordinary and temporary measures, it cannot be

lower than the constant midterm goal of the Stability Programme, having by

goal to achieve a structural deficit limit of 0.5% of gross domestic product (GDP)

at market prices.

4-A methodology for the clearance of the structural balance is defined in the framework and of

agreement with the Stability and Growth Pact.

5-Whenever the relationship between public debt and GDP at market prices is

significantly less than 60% and the risks to long-term sustainability of the

public finances are reduced, the threshold for the midterm goal can reach

a structural deficit of at most 1% of GDP.

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6-As long as the midterm goal is not achieved, the annual balance adjustment

structural cannot be less than 0.5% of GDP, and the rate of expenditure growth

public, net of extraordinary, temporary or discretionary measures on the side of the

revenue, may not be higher than the medium-term reference rate of growth of the

Potential GDP, as defined in the Stability and Growth Pact.

7-As long as the midterm goal is not achieved, discretionary reductions of

elements of public revenue should be compensated for by reductions in expenditure, by

discretionary increases in other elements of public revenue or by both,

as defined in the Stability and Growth Pact.

8-For the purposes of the provisions of the preceding paragraphs, the aggregate of the expenditure shall exclude the

interest expense, the expenditure on programmes of the European Union and the

non-discretionary changes in unemployment benefit expenditures.

9-For the purpose of the provisions of the previous figures, the surplus of the growth of

expenditure in relation to the midterm reference is not considered a default

of the reference value in so far as it is fully compensated by increases

of revenue imposed by law.

10-A The intensity of the adjustment referred to in the previous figures takes into account the position

cyclic of the economy.

Article 21.

Budget surpluses

1-The surpluses of the budget implementation are used in the:

a) Amortization of public debt, while checking for non-compliance of the limit of the

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public debt provided for in Article 25 (1);

b) Constitution of a stabilization reserve, intended to perform a

anticyclical function in contexts of economic recession, when to check the

compliance with the limit referred to in the preceding paragraph.

2-The annual surpluses of the previdential system revert in favour of the Fund of

Financial Stabilization of Social Security, pursuant to the Security Bases Act

Social.

Article 22.

Significant deviation

1-A identification of a significant deviation in the face of the medium-term objective or face to the

projected balance in the constant convergence trajectory, respectively, of the n. ºs 1 and 2

of article 20 is made on the basis of the comparative analysis between the verified value and the value

predicted.

2-For the purposes of the provisions of the preceding paragraph, the verified value is calculated on the basis of

in the data set out in the notification of the procedure by excessive deficits effectuated

by the statistical authorities.

3-Stocking on convergence trajectory, it is considered that there is a significant deviation

when you check in at least one of the following situations:

a) The ascertained deviation from the forecast structural balance is at least 0.5% of the

GDP, in a single year, or at least 0.25% of GDP on an annual basis in two years

consecutive;

b) The evolution of the net expenditure of extraordinary and temporary measures in

revenue matter has a negative contribution in the balance of administrations

public of at least 0.5% of GDP, in a single year, or cumulatively in two

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consecutive years.

4-For the purpose of determining a significant deviation is not considered as expected in the

point ( b ) of the previous number, if the midterm goal has been overcome, having

into account the possibility of significant excecional revenues, and whether the plans

budget set out in the Stability Programme do not put that at risk

goal over the duration of the Program.

5-The deviation may not be found to be significant in cases where it results from occurrence

excecional not controllable by the Government, in the terms provided for in Article 24, with

significant impact on public finances, and in the event of structural reforms that

have long-term effects on economic activity, as long as this does not put in

risk to fiscal sustainability in the medium term.

6-The recognition of the existence of a significant deviation is from the initiative of the Government,

upon prior consultation of the Council of Public Finance or the initiative of the

Council of the European Union, through the submission of recommendation addressed to the

Government, in accordance with Article 6 (2) of Regulation (EC) No 1466/97, of the

Council, of July 7, 1997.

7-Recognized the significant deviation in the terms of the previous number, is activated the

mechanism of constant correction of the following article.

Article 23.

Mechanism of correction of the deviation

1-When it acknowledges the situation provided for in paragraph 3 of the preceding Article, the Government shall

present to the Assembly of the Republic until the May 30, a remediation plan with

the necessary measures to ensure compliance with the stated objectives of the article

20.

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2-A correction of the deviation recognized pursuant to the previous article takes effect upon

reduction in at least two thirds of the established deviation, with the minimum 0.5% of the

GDP, to be made by the end of the year subsequent to the one in which it was recognized, owing

the remainder of the deviation to be corrected in the following year, save if they occur

excecional circumstances, in the terms provided for in the following article.

3-The adjustment to be made under the preceding paragraph may not, in any case,

be lower than that resulting from the rule provided for in Article 25.

4-The remediation plan privileges the adoption of public expenditure reduction measures, well

as the distribution of the adjustment between the subsectors of public administrations in

Obedience to the principle of reciprocity solidarity.

5-The remediation plan referred to in paragraph 1 with the necessary measures to comply with the

objectives set out in Article 20 (s) in the Stability Programme, which shall be

preceded by non-binding opinion of the Council of Public Finance.

6-Of The Stability Programme are listed:

a) The recommendations put forward by the Public Finance Council;

b) The evaluation of the recommendations put forward by the Public Finance Council

and the justification of their possible non-consideration or acceptance.

Article 24.

Excecional situations

1-A admission of a deviation in the face of the medium-term objective or in the face of the projected balance in the

trajectory of constant adjustment, respectively, in the paragraphs 1 and 2 of Article 20, only

is permitted temporarily and in excecional situations, not controllable by the Government

and as long as they do not put at risk fiscal sustainability in the medium term,

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resulting, namely:

a) From deep economic recession in Portugal, in the euro area or in the whole

European Union;

b) From natural disasters or other excecional situations with significant impact

budget.

2-The recognition of the situation of excecionality predicted in the preceding number is object

of a proposal of the Government and of appreciation by the Assembly of the Republic, preceded by

non-binding opinion of the Council of Public Finance.

3-A The correction of the deviation provided for in paragraph 1 is effected by incorporation into the Programme

of Stability of the measures necessary to ensure the fulfilment of the objectives

constants of Article 20, and the provisions of paragraphs 4, 5 and 6 of the article shall be observed

previous.

4-Ocurring the situation provided for in paragraph 1, the correction of the convergence trajectory shall be

is, at most, in the four subsequent budgetary exercises and according to

o predicted in the previous number.

Article 25.

Limit of public debt

1-When the relationship between public debt and GDP exceeds the reference value of 60%, the

Government is obliged to reduce the amount of public debt, in the excess part,

as a standard of reference, as provided for in Article 2 of Regulation (EC) No

1467/97, of the Council, of July 7, 1997, with the essay being given by the

Regulation (EU) No 1177/2011, of the Council, of November 8, 2011.

2-For the purpose of verification of the provisions of the preceding paragraph, the public debt is considered

as defined in Article 1 (5) of the Regulation (EC) No 479/2009 of the

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Council, of May 25, 2009.

3-For the purpose of determining the value of the reduction in debt is considered the influence

of the economic cycle, pursuant to the Council Regulation (EU) No 1177/2011, of

November 8, 2011.

4-A The annual change in public debt is corrected from the effects arising from the change in the

perimeter of the public administrations effected by the statistical authorities, in the terms

of Article 2 (4)

Article 26.

Interpretative rules

The articles contained in this section, with the exception of the provisions of Article 21, are

interpreted and applied in accordance with the rules and guidelines defined by the institutions

of the European Union in this framework.

SECTION II

Specific rules

Article 27.

Budget balances

1-The integrated services and entities in the organic base missions of the subsector of the

central administration must present in the drafting, approval and execution, a balance

global null or positive, as well as positive results before expenses with

taxes, interest, depreciations, provisions and impairments losses, unless the conjuncture

of the period referred to in the budget, justifiably, the non-permitting.

2-The social security subsector must present a void or positive global balance, save

if the conjuncture of the period referred to in the budget, justifiably, the no

allow.

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3-For the purposes of the provisions of the preceding paragraphs, the revenue and

expenses relating to financial assets and liabilities, as defined for purposes

budget nor the balance of the management of the previous year ascertained in accounting

budget.

4-In cases where, during the year to which they respect the budgets referred to in paragraph 1,

the budget implementation of the set of public administrations to enable it, may the

Government, through the member of the Government responsible for the area of finance, dispense,

in excecional situations, the application of the equilibrium rule established in the same

number.

5-The reports of the state budget bill and the State General Account

present the justification to which the final parts of the n. 1 and 2 are referred to.

6-Without prejudice to the provisions of paragraph 1, the reclassified public entities referred to in paragraph 4

of Article 2 present positive primary balance.

7-The decree-budget implementation law provides for the appropriate correction mechanisms for

the reclassified public entities provided for in Article 2 (4) that are in

default situation.

Article 28.

Specific rules for the subsectors of regional and local administration

The rules of the budget balance and the debt limit, applicable to the subsectors of the

regional and local administrations, are listed in respect of the funding laws.

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Article 29.

Limits of borrowing

1-In fulfillment of the budgetary stability obligations arising from the Programme

of Stability, the State Budget Act sets out specific limits of

annual indebtedness of the central administration, autonomous regions and authorities

places compatible with the budget balance calculated for the set of

public administrations.

2-Indebtedness limits referred to in the preceding paragraph may be lower than the

that would result from the financial laws especially applicable to each subsector.

3-Without prejudice to the provisions of Article 25, in addition to the maximum variation of the

consolidated overall net borrowing of the central government, this may finance-

if, in advance, up to the limit of 50% of the predicted debt amortizations founded

to be carried out in the subsequent budget year.

4-Should some advance financing be effected, the borrowing limit of the year

subsequent budget is reduced in the amount of funding, and may this be

increased up to 50% of the expected debt amortizations founded to be held in the year

subsequent budget.

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CHAPTER IV

Financial relations between subsectors

Article 30.

Transfers of the State Budget

1-To ensure compliance with the principles of budgetary stability and

reciprocal solidarity, the state budget law can determine transfers

of the State Budget of lower amount than that which would result from the application of the laws

financial especially applicable to the subsectors of the regional and local administration,

without prejudice to the commitments made by the State in the framework of the system of

solidarity and social security.

2-A The possibility of reduction predicted in the previous number depends on the verification of

excecional circumstances imperiously required by the strict observance of the

obligations arising from the Stability Programme and the principles of

proportionality, not arbitrio and reciprocating solidarity and lacks prior hearing of the

competent bodies of the involved subsectors.

Article 31.

Failure to comply with the standards of this Title

The failure to comply with the provisions of this Title constitutes aggravating circumstance of the

inherent financial responsibility, being communicated to the Court of Auditors.

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Title III

Budget process

CHAPTER I

First phase of the budget process

Article 32.

Start of the budget process

The budget process starts with the presentation, by the Government, in the Assembly of the

Republic, of the following documents:

a) Annual Update of the Stability Programme;

b) Proposed law of the Great Options in Planning Matters and the

Multiannual Budget Programming, henceforth designated by the Law of Great

Options.

Article 33.

Programme of Stability

1-A The update of the Stability Programme competes with the Government, being effected

agreement with the regulations of the applicable European Union.

2-The Government presents to the Assembly of the Republic the update of the Programme of

Stability, for the following four years, until the April 15.

3-A Assembly of the Republic proceeds to the assessment of the Stability Programme, on the deadline

of 10 days from the date of your presentation.

4-A Stability Program update specifies, departing from a scenario of

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invariant policies, the economic and budgetary policy measures of the

Portuguese state, presenting in a detailed way its financial effects, the

respect calendar of implementation and the justification of such measures.

5-A annual review of the Stability Programme includes a framework update project

multiannual of public expenditure and revenue, without prejudice to its concretization in the Law of

Great Options.

6-The Government sends to the European Commission the update of the Stability Programme up to

the end of April.

Article 34.

Law of Great Options

1-The Government presents to the Assembly of the Republic the proposed law of the Great Options,

by April 15.

2-A The proposed law to which it relates in the preceding paragraph is accompanied by explanatory note

that merrily, and should contain the justification of economic policy options

assumed and their compatibilization with the fiscal policy objectives.

3-A Assembly of the Republic approves the Law of Major Options within 30 days

count of the date of your presentation.

4-A The Great Options Act is structured in two parts:

a) Identification and planning of economic policy options;

b) Multiannual budget programming, for the subsectors of the central administration and

social security.

5-A multiannual budget programming concretizes itself through the multiannual framework of the

public expenditure.

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Article 35.

Multiannual framework of public expenditure

1-The multiannual framework of public expenditure of the central and the sub-sectors of the central government

social security, referred to in paragraph 5 of the previous article, sets out, for the respect

programming period:

a) The limit of the total expense, compatible with the program's constant objectives

of Stability;

b) The spending limits for each organic basis mission;

c) The revenue projections, by source of funding.

2-Anually, the Government presents the multiannual framework, which includes the current year and the

four years following.

3-The spending limits to which the points are referred a) and b ) of paragraph 1 are binding for the

year to which it respects the budget and indicative for the programming period that

coinced with the rest of the legislature.

4-The defined expense limit for the organic base mission concerning the subsector of the

social security can only be exceeded when it results from payment of benefits

that constitute the rights of the beneficiaries of the social security system and that if

find directly affection for the cyclical position of the economy.

5-The programme referred to in Article 45 (12) shall compete for the limits referred to in

point ( a) of paragraph 1 and may be intended for expenses of any other programme.

6-In the case where the spending limits are binding under the terms of paragraph 3, the

Government cannot set an upper limit, save if this is justified by virtue

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from:

a) Redefinition by the European Commission of the midterm goal;

b) Significant deviation from the midterm goal, taking into account the

remediation measures adopted or to be adopted pursuant to Rule 23;

c) Verification of one of the situations provided for in Article 59.

7-The provisions of paragraph 3 shall not apply to revisions arising out of the amendments of the

funding from the European Union, or from the increase in revenue from Funds

Europeans concretized.

8-The balances ascertained in each year on the organic grassroots missions can transit to the

subsequent years in accordance with the rules set out in the decree-law of execution

budget.

CHAPTER II

Second phase of the budget process

Article 36.

Drafting and submission of the proposal for the State Budget Bill

1-The Government prepares and presents to the Assembly of the Republic, until October 1 of each

year, the proposal for the State Budget Act for the following economic year,

accompanied by all the elements referred to in this Chapter.

2-The Government further sends to the European Commission for the purpose of issuance of the

national recommendations specific to the proposed State Budget Bill, within

of the time limit mentioned in the preceding paragraph, save in the situations provided for in the Chapter

next.

Article 37.

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Elements that accompany the proposed state budget bill

1-A The proposed state budget bill incorporates the elements set out in the article

40. and is accompanied by the respected report and the informative elements, referred to

in the following numbers.

2-The report accompanying the proposed state budget bill contains the

presentation and the justification of the proposed budget policy and includes the analysis of the

following aspets:

a) Evolution, forecasts and projections of major budget variables and

relevant macro-economic, in accordance with Article 8;

b) General lines of fiscal policy and its suitability for the obligations arising

of the Stability Pact and the Treaty on Stability, Coordination and

Governance of the Economic and Monetary Union;

c) Evolution of the global financial situation of each subsector and the business sectors

public, including information on the respect of the global indebtedness;

d) Sustainability of public debt, including dynamic analysis;

e) Information on the forecast of the tax revenue, allowing to check the amount of the

gross revenue, reimbursements and transfer to other subsectors;

f) Situation of treasury operations and Treasury bills;

g) Composition of the annual expenditure of each of the budget programmes, by mission

of organic basis;

h) Measures to streamline budgetary management including the identification of risks

budgetary;

i) Measures of fiscal consolidation and temporary measures;

j) Descriptive memory of the reasons justifying the resource to partnerships of the sectors

public and private;

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k) Global and individualized information on annual and multi-annual expenditure with

public-private partnerships and on the situation of global respect for respect;

l) Information on the charges assumed and running and on the whole of

contingent responsibilities of the State;

m) Evolution of late payments in each organic basic mission;

n) Statement of consolidated budget performance, prepared in accordance with

the European System of National and Regional Accounts, where the evidence is evidenced

different subsectors of the sector of public administrations, and demonstrate the

calculation of the needs or net capacity of financing;

o) Other subjects deemed relevant to the justification of the budget decision.

3-A The proposed state budget bill is still accompanied at least by the

following informative elements:

a) Budget developments that individualize each of the programmes,

disaggregated by services and entities, evidencing the respective costs and sources

of funding;

b) Estimation and forecast of the consolidated budget implementation of the sector of

public administrations and by subsector, in the optics of budget accounting and the

national accounting;

c) Descriptive memory of the reasons justifying the differences between established values,

in the optics of public accounting and national accounting;

d) Financial and equity situation of the entities that make up the subsector of the

central administration, including the subsector of social security;

e) Financial transfers between Portugal and the outside with incidence in the Budget

of the State;

f) Budgetary transfers to the autonomous regions;

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g) Budget transfers to local authorities and intermunicipal entities;

h) Budget transfers for non-integrated entities in the sector of

central administration;

i) Tax benefits, estimates of disposative income, its economic justification and

social and, well, the identification of measures aimed at the coverage of the revenue

cessation that results from the creation or enlargement of any tax benefits.

Article 38.

Discussion and voting

1-A proposed state budget bill is discussed and voted on in the terms of the provisions

in the Constitution, in this Law and in the Rules of the Assembly of the Republic.

2-A vote on the proposed state budget bill takes place within 45 days

after the date of its admission by the Assembly of the Republic.

3-The Plenary of the Assembly of the Republic discusses and votes, in generality and in the

specialty, the proposed state budget law, on the terms and deadlines

set out in the Rules of the Assembly of the Republic.

4-With the exception of the subjects voted in the specialty by the Plenary pursuant to paragraph 4

of Article 168 of the Constitution, the vote in the specialty of the proposed law of the

State budget stems from the relevant parliamentary committee and has by object the

articulated, the accounting maps and the budgetary and financial statements

constants of that proposed law.

5-Within the framework of the examination and discussion of the proposed State Budget Bill, the

Assembly of the Republic may hold any hearing in the general terms,

specifically, summoning, the request of the permanent specialist commission

competent in budgetary matters, the entities that are not subjected to power

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of direction of the Government and whose testimony deems relevant to the clarification of the

matter in appreciation.

6-Any matter understood in the voting phase in the specialty of the proposal of

state Budget law may be object of avocation by the Plenary of the Assembly

of the Republic, in the terms provided for in the Rules of Procedure.

CHAPTER III

Budget process in special situations

Article 39.

Deadline for submission and voting of the Budget Bill in situations

special

1-The time limit referred to in Article 36 shall not apply in cases where:

a) The taking of possession of the new Government occurs between July 15 and September 30;

b) The Government in office is dismissed on October 1;

c) The term of the legislature occurs between October 1 and December 31.

2-In the cases provided for in the preceding paragraph, the proposed State Budget Bill

for the following economic year, accompanied by the elements referred to in the article

37., is presented by the Government to the Assembly of the Republic and sent to the Commission

European within ninety days from the taking of the Government.

3-A The proposed law referred to in the preceding paragraph shall be preceded by the submission of the

documents referred to in Article 32 para.

Title IV

Systematization of the budget law and structure of the State Budget

CHAPTER I

Systematization of the Budget Law and content of the articulate

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Article 40.

Systematization of Budget Law

The State Budget Act integrates:

a) An articulate;

b) The accounting maps;

c) Budgetary and financial statements.

Article 41.

Content of the articulate

1-The articulation of the State Budget Act contains,

particularly:

a) The standards necessary to guide the budget implementation,

including those relating to the destination to be given to the funds resulting from surplus

budgets of the entities of the subsector of the Central Administration and those relating to

possible reservations;

b) The approval of the accounting maps and the integration of the

budget and financial statements;

c) The determination of the maximum amount of the addition

net borrowing and the remaining general conditions to which one is to subordinate the

issuance of public debt founded by the State and the services and entities of the

subsector of the central administration;

d) The indication of the monies entered in each basic mission

organic to reserve title and the rules of management rules;

e) The determination of the extra amounts to the addition

of authorized net borrowing, in cases where recourse to the

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credit to finance the expenses with the operations referred to in point (s) c ) or the

conjunctural action programs;

f) The determination of the general conditions to which they are due

subordinate the management operations of the legally foreseen government debt;

g) The determination of the maximum limit of personal guarantees to

grant by the State and the services and entities of the subsector of the administration

central, during the economic year;

h) The determination of the maximum limit of loans to

grant and other active credit operations, whose repayment term exceeds the

end of the economic year, to be carried out by the State and the services and entities of the

subsector of the central administration;

i) The determination of the maximum limit of the anticipations to be made,

pursuant to the applicable law;

j) The determination of the maximum limit of possible commitments

taking up with contracts for provision of services in financing arrangements

private or other form of partnership of the public and private sectors;

k) The determination of the maximum limits on indebtedness of

autonomous regions, under the terms provided for in the respect of the funding law;

l) The eventual update of the values below which the acts,

contracts and other instruments of expense generators or representative of

direct or indirect financial liabilities shall be exempt from supervision

prior to the Court of Auditors;

m) The maximum overall amount of financial authorization to the

Government for satisfaction of charges with the benefits to be settled regarding

public investment contracts under the Military Programming Act under the

form of leasing;

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n) The remaining measures that prove indispensable to the correct

financial management of the services and entities of the subsectors of the central administration and

of social security in the economic year to which it respects the Budget Act of the

State.

2-The provisions set out in the articulation of the Budget Law

of the State limit itself to the strictly necessary for the implementation of the budgetary policy

and financial.

Article 42.

Accounting maps

The State Budget Act contains the following accounting maps:

a) Map 1-Map of expenditure by organic base mission, disaggregated by

programs from the subsectors of central administration and social security;

b) Map 2-Map relating to the functional classification of the expenditure of the subsector of the

central administration;

c) Map 3-Map concerning the organic classification of the expenditure of the subsector of the

central administration;

d) Map 4-Map concerning the economic classification of public revenue of the subsector

of the central administration;

e) Map 5-Map regarding expenses with external linkages and expenses

mandatory;

f) Map 6-Map relating to the functional classification of the expenditure of each system and

subsystem and the total of the social security subsector;

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g) Map 7-Map relating to the economic classification of the expenditure of each system and

subsystem and the total of the social security subsector;

h) Map 8-Map relating to the economic classification of revenue of each system and

subsystem and the total of the social security subsector;

i) Map 9-Map concerning the cessation tax revenues of the subsectors of the

central administration and social security;

j) Map 10-Map concerning transfers to the autonomous regions;

k) Map 11-Map relating to transfers to municipalities;

l) Map 12-Map concerning transfers to freguesias;

m) Map 13-Map concerning the multiannual contractual responsibilities of the

entities from the subsectors of the central administration.

Article 43.

Budgetary and financial statements

The budgetary and financial statements referred to in point c ) of Article 40 are the

following:

a) Consolidated statement of budget performance, prepared second to

budget accounting for the sub-sectors of central and the

social security, where the calculation of budget balances is demonstrated;

b) Consolidated statement of the budgetary performance of each basic mission

organic, prepared second to budgetary accounting, where to demonstrate the

calculation of budget balances;

c) Statement of budget performance, prepared according to accounting

budget, for the subsector of social security;

d) Estimates for the current year for the demonstrations indicated in the paragraphs

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previous;

e) Human resources plan and respect budget;

f) Demonstration of the evolution of the direct debt of the State by instrument;

g) Appropriations for payments for each budget programme, unfolded by the

respects actions;

h) Consolidated financial statements for the subsectors of the administration

central and social security, containing an estimate for the implementation of the year in

course.

Article 44.

External linkings and mandatory expenses

1-A The enrolment of expenditure and revenue on the accounting maps takes into account:

a) The budgetary policy options contained in the Stability Programme to which if

refers to Article 33, with a view to, inter alia, ensuring compliance with the

midterm goal;

b) The spending limits and revenue projections, provided for in the Law of Great

Options, referred to in Article 34;

c) The obligations under the Treaty on European Union.

2-The accounting maps shall still provide for the appropriations necessary for the realization

of the following mandatory expenses:

a) The expenses that result from law or contract;

b) The expenses associated with the payment of charges resulting from sentences of

any courts;

c) Others who, as such, are qualified by the law.

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CHAPTER II

Structure of the State Budget

SECTION I

Budget programmes

Article 45.

Caraterization of budget programmes

1-Budget programmes include the revenue and expenditure entered in the budgets

of the services and entities of the subsectors of the central administration and security

social.

2-The most aggregated level of the specification by programs corresponds to the foundational mission

organic.

3-For the purpose of the presentation and specification of budget programmes, the

disaggregation of the organic basic mission is done by programs and actions.

4-A Organic basic mission includes the set of expenditure and respect sources of

funding that compete for the realization of the different public policies

sectoral, in accordance with the organic law of the Government.

5-Budget programmes correspond to the set of shares, of varying duration, the

run by the entities provided for in paragraph 1, with a view to achieving objectives

endings, associated with the implementation of public policies and allow for the afferment of the

total cost of the same.

6-The shares correspond to basic units of realization of a budget programme,

may translate into activities and projects.

7-At the beginning of the legislature, the member of the Government responsible for each public policy

sector defined in the organic basic mission proposes, in the fulfillment of the programme

of the Government and in respect of the provisions of the following article, the creation of programmes, the

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its denomination, the programming period, the total costs, the sources of

funding and the goals to be achieved.

8-The programmes are approved at a meeting of the Council of Ministers.

9-The member of the Government responsible for each organic basic mission determines the

managing entity of the set of the respective programmes.

10-In the case of the organic basic mission associated with the organs of sovereignty, the definition of the

respect programs rests with the member of the Government responsible, upon preview

indication of the organ of sovereignty.

11-A The management of the programmes relating to the organs of sovereignty is ensured by the member

of the Government responsible for the area of finance.

12-Within the Ministry of Finance, the constitution of a program is mandatory

intended to cope with unpredictable and unavoidable expenses, as well as of an

non-binding program intended to manage and control the tax expense resulting from the

grant of tax benefits.

13-The provisions of this Article shall be regulated by decree-law.

Article 46.

Programs with common purposes

1-In matters relating to two or more organic basic missions, the programmes

that the concretizes maintain relative budgetary autonomy within the framework of each

of them.

2-In the case provided for in the preceding paragraph, the programs may have or may not have the same

denomination.

3-Submissions respecting two or more organic basis missions may converge

in a common programme where there are reasons for economics, efficiency and effectiveness.

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4-The member of the Government responsible for the political conduct of the common programmes is

determined by decision of the Government depending on the matter.

5-A The budgetary responsibility of the common programmes is to the members of the

Sectoral government.

6-A The choice of the managing entity of the programmes with common purposes is effectuated in the

scope of each organic basic mission under the terms of paragraph 9 of the previous article.

Article 47.

Appropriations of budget programmes

1-Without prejudice to the applicable accounting benchmark, the allocations associated with each

of the budget programmes are approved annually only on a cash basis.

2-The first year of implementation of expenditure entered into multiannual programmes shall

correspond with the year of the creation of the program.

3-In case of succession of programs, with identical characteristics and objectives, the

successor program must include a segregated information about transitioned charges.

Article 48.

Managing entity of budget programmes

1-Compete to the managing entity of the budget programmes, specifically:

a) Define and enforce in a systematic way a risk management model,

identifying and promoting best practices in the framework of prevention and

mitigation of financial and governance risks;

b) To propose and develop the programs of the organic basic mission according to the

provisions of Article 45 and assess the need for budgetary changes;

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c) Draw up the treasury budgets for each of the programmes, requiring

and by collecting the elements of the entities covered by the same, and by making the

necessary corrections, following the monitoring and control of the management of the

treasury;

d) Follow up the budgetary and financial control of the programme, in close

articulation with the competent control authorities, proceeding to the

recommendations that it considers appropriate to the guarantee of compliance with the

objectives of each program and the reliability, tempestivity and comparability of the

provision of budgetary, financial and costing information;

e) Define the indicators that allow the evaluation of the budget programme, in the

terms of Article 45, on shared and transparent platform for entities

that they compete for their execution;

f) Prepare budget, financial and treasury information consolidated by

program, including a cost clearance of the program's actions.

2-A The managing body of budgetary programmes collaborates with the Ministry of Finance,

with a view to budgeting by programmes and the definition of the multiannual framework.

3-It is the responsibility of the Government member to tutelage the adequacy of resources

humans and materials necessary for the proper execution of the duties and competences of the

managing entity of budgetary programmes.

4-The legal regime of the managing entity appears in a decree-law to be approved, within 180

days from the date of the entry into force of this Law.

SECTION II

Contents of the budgets of the Accounting Entity State and too many entities

public

Article 49.

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Budget of the Accounting Entity State

1-In the ECE budget, they shall be inscribed, inter alia:

a) The general revenue of the State from taxes, fees, fines, fines,

income resulting from securities and real estate, derived from their

detention or alienation, transfers of funds from the European Union;

b) The expenditure on financial applications of the State, debt burden, appropriations

specific, financing of the state's business sector, transfers to the

too many public entities, transfers that result from legal imperatives and

external linkings, including those that are intended for other subsectors of the

public administrations.

2-A The competence for the drafting of the ECE budget is of the Directorate General of the

Budget, being the remaining public entities subject to a duty of collaboration.

3-A ECE presents a show of budget performance, prepared second to

accounting on the cash basis, where the expenditure and revenue, balances are evidenced

global, current, of capital and primary.

Article 50.

Budget of public entities

The integrated entities in the subsector of the central administration present:

a) Revenue budget, specified by source of funding and classification

economic;

b) Budget of the expenditure, specified by program, by source of funding, and

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by economic and functional classification;

c) Demonstration with budget performance, prepared according to accounting

budget, evidencing the overall, current, capital and primary balances;

d) Multi-annual charges, by sources of funding;

e) Forecasting financial statements, with respect being the regulatory

approved by decree-lei;

f) Investment plan, by sources of funding, being the respect

regulation passed in decree-law.

Article 51.

Social security budget

1-The budget of the social security subsector presents:

a) The revenues, specified by economic classification, for the total of the sub-sector

by system and subsystem;

b) The expenses, specified by economic classification, for the total of the sub-sector

by system and subsystem;

c) The expenses of the sub-sector, specified by program and by functional classification,

which are also specified by system and subsystem and total of the sub-sector;

d) The cessation revenues of the social security subsector;

e) Administration expenses by economic and organic classification.

2-The social security budget contemplates yet:

a) The demonstration of the budget performance prepared according to accounting

budget, evidencing the overall, current, capital and primary balances;

b) Predictive financial statements.

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Title V

Implementation of the State Budget and process of revision and budget amendment

CHAPTER I

General scheme of the budget implementation

SECTION I

Principles of budgetary implementation

Article 52.

General principles of revenue and expenditure

1-No revenue can be liquidated or charged without, cumulatively:

a) Be nice;

b) Has been the object of correct budgetary enrollment;

c) Be classified.

2-A settlement and collection of revenue can be effected in addition to the values

provided for in the budgetary enrollment.

3-No expense can be authorized without, cumulatively:

a) The operative fact of the obligation complies with the applicable legal standards;

b) Has budgetary enrollment in the programme and in the service or entity,

have a fit and identify if the payments have sold out in the year or in years

futures in the forecast period for the programme;

c) Satisfy the requirements of economy, efficiency and effectiveness;

4-No expense can be paid without the commitment and the respect schedule of

expected payments are secured by the entity's treasury budget.

5-The annual amount of a program establishes the maximum ceiling of payments that

can be made.

6-The implementation operations of the revenue and expenditure budget shall comply with the

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principle of segregation of settlement and collection functions, as well as the first, and

of authorization of the expense and the respect payment, as to the Mondays.

7-A segregation of functions referred to in the preceding paragraph may establish between

different services or between different agents of the same service.

8-The commitments that give rise to payments in an economic year, other than the year

of its realization, or in several economic years contained in the programmes, may be

assumed by the entities and services without payment arrears, upon prior

authorization from the minister of guardian.

9-It is up to the managing entities of the programme to ensure compliance by the

entities and the services of the thematic register in the local and central systems of the

appointments referred to in the preceding number.

Article 53.

Competence

1-The Government defines by decree-law the budgetary implementation operations of the competence

of the members of the Government and the leaders of the services under their direction or guardian.

2-In each year, the Government establishes, by decree-law, the necessary provisions to

implementation of the State Budget Act, including that of social security concerning the

year in question, without prejudice to the immediate application of the standards of this Law which are

enforceable by themselves.

3-For the purposes of the provisions of the preceding paragraph, the Government shall approve in a single

decree-law the implementing rules of the State Budget, including those relating to the

budget of the services and entities of the subsectors of the central administration and the

social security.

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4-The provisions of the preceding paragraph shall not preclude that, during the economic year, they are

approved other decrees-budget implementation laws, where this is warranted.

5-The decree-law relating to the implementation of the budget of the services and entities of the subsectors

of the central administration and social security contains, inter alia:

a) The indication of the expenses or payments whose authorisation depends on the intervention

of the managing entities of the programmes belonging to the same basic mission

organic;

b) The deadlines for the authorization of expenses;

c) The remaining standards required for the implementation of the State Budget and each

one of the budgets by it covered.

6-The decree-law referred to in paragraphs 2 and 5 shall be approved until the fifteenth day after the

entry into force of the State Budget Act.

Article 54.

Treasury unit

1-A management of the state treasury and the entities that integrate the sub-sector of the

central administration obeys the principle of the treasury unit, which consists of the

centralization and maintenance of public monies in the State Central Treasure.

2-For the effects of the provisions of the preceding paragraph, the concept of public monies

understands the cash or cash equivalents available to the guard

of the said services and entities.

3-The principle of the treasury unit concretizes itself through the integrated management of the

Central treasury of the state and the direct public debt of the state.

4-Understand by direct public debt of the State to be derived from the contraction of

loans by the state, acting through the Treasury Management Agency and the

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Public Debt, IGCP, E.P.E. (IGCP, E.P.E.), as well as the resulting debt of the

financing of the entities indicated in Article 2 (4) that are included in the

central administration.

5-The member of the Government responsible for the area of finance may authorize, by title

excecional and grounded, that certain entities, your request, are

dispensed with the fulfillment of the principle of the treasury unit.

6-The exempted entities from the fulfillment of the principle of the treasury unit stay

obliged to comply with the standards of intermediation risk management approved by the

member of the Government responsible for the area of finance, upon advice from the IGCP,

E.P.E.

7-The default of the risk management standards referred to in the preceding paragraph does

incurrents the holders of the governing body of the entities concerned in liability

financial.

8-The cases of dispensation provided for in paragraph 5 are the object of express annual renewal,

preceded by the opinion of the IGCP, E.P.E.

Article 55.

Treasury Management of the Accounting Entity State and the public entities

1-A ECE draws up a treasury budget and must have a management model that

allow to achieve the following goals:

a) Ensuring that there are sufficient financial availabilities to settle the

bonds as they are going to be due, under the terms of paragraph 4 of the

article 52;

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b) Maximize the return of the available treasury;

c) Allow the efficient management of financial risks;

d) Allow for daily reconciliation between bank information and accounting by

source of funding.

2-Public entities elaborate, too, treasury budgets that guarantee the

objectives set out in the paragraphs a) and d ) of the previous number.

3-The treasury budget is monthly, with sliding forecast for the twelve months

following, and is referred monthly to the ECE.

4-A realization of any expense to which you are consignothing determined revenue lies

also conditioned on the collection of this revenue in equal amount or to its liquidation,

owing to the schedule of the payment, in these circumstances, being associated with the date of

your effective charging.

Article 56.

Implementation of the social security budget

1-Incumbent to the Institute of Financial Management of Social Security, I.P. (IGFSS, I.P.), the

overall management of the implementation of the social security budget, in respect of the willing

in this Law and in the standards specifically applicable within the framework of the system of

social security.

2-The budgetary balances ascertained in the social security budget are used

upon prior authorization to be granted by the Government, through dispatching the

members of the Government responsible for the areas of finance and social solidarity

3-The collections of revenue and the expenditure payments of the social security system

compete for IGFSS, I.P., which assumes the unique treasury skills of the system

of social security in articulation with the State Treasurer.

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4-A The implementation of the social security system budget is on the basis of the respective

treasury plans, drawn up by the IGFSS, I.P.

5-The recourse to credit within the social security system is only permitted to

IGFSS, I.P., and as long as it does not give rise to the founded debt.

6-The IGFSS, I.P., can only carry out financing operations upon authorization to

grant through dispatch of the members of the Government responsible for the areas of

finance and social security.

7-The ins and outs of Social Security System funds are effected through the

IGFSS, I.P., directly or through collaborating entities, where if

keep deposited their surplus and cash availabilities.

Article 57.

Own recipes

1-Constitutes own revenue of the entities that integrate the subsector of the central administration

the proceeds from the transactions arising from the exercise of the mercantile activity in regime of

competition, as well as the amounts that correspond to the contraption of the service

provided.

2-Constitutions still revenue from the management of the entities that integrate the subsector of the

central administration those coming from donations, inheritances or legacies of private individuals

that, at the will of these, are specifically intended for these entities and, well

so any other recipes that by law or contract should belong to them.

3-Are entities with special autonomy for the management of revenue:

a) The services and entities that have their own revenue for coverage of the

your expenses, under the law;

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b) The entities that have a special autonomy regime by imperative

constitutional or that decorates from the legal regime of educational institutions

top;

c) The entities that have autonomy that decorates from integration in the areas of the Service

National Health and those for regulation and supervision;

d) The specially competent bodies for the management of community funds

with the autonomy indispensable to its management.

4-The services and entities referred to in the preceding paragraphs use as a matter of priority

your own income not consigned by law to specific purposes for the coverage of the

respects expenses.

5-A The percentage of the management balance generated by the use of the general revenue implies the

reduction of the management balance in the value that it is corresponding to.

CHAPTER II

Transitional arrangements for budget implementation

Article 58.

Transitional arrangements for budget implementation

1-A The term of the State Budget Act is extended when it occurs:

a) The rejection of the proposed state budget bill;

b) The taking of possession of the new Government, if this occurred between July 1 and 30

of September;

c) The expiry of the proposed state budget bill by virtue of the resignation

of the proposer Government;

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d) The non-parliamentary vote of the proposed state budget bill.

2-A extension of the duration of the State Budget Act covers the respect

articulated and the corresponding maps, as well as decrees-laws of execution

budget.

3-A extension of the duration of the State Budget Act does not cover:

a) The legislative authorizations contained in your articulation which, according to

Constitution or the terms in which they were granted, should lapse at the end of the

economic year to which he respected the law;

b) The authorization for the collection of the recipes whose schemes were intended to invigorate

only until the end of the economic year to which it complied with that law;

c) The authorization for the realization of the expenditure relating to programmes that should

extinguish it by the end of the economic year to which it respected that law.

4-During the transitional period in which the extension of the law of the law is maintained

State budget relating to the previous year, the monthly implementation of the programmes in

course may not exceed the twelfth of the total expenditure of the organic basic mission, with

exception of expenses regarding social benefits due to beneficiaries of the system

of social security and expenditure on financial applications.

5-During the transitional period in which the extension of the law of the law is maintained

Budget of the State concerning the previous year, the Government may:

a) Issue public debt founded, in the terms provided for in the respect of legislation;

b) to the limit

of a twelfth of the maximum amount authorized by the Budget Act of the

State in each month in which the same vigore transiently;

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c) Grant personal guarantees, in the terms provided for in the respect of legislation.

6-The revenue and expenditure operations implemented under the transitional scheme are

imputed to the accounts relating to the new economic year started on January 1.

7-For the purposes of the provisions of the preceding paragraphs, the decrees-law enforcement of the laws of the

State budget that enters into force with delay establish the procedures to

adopt.

CHAPTER III

Review process and budget amendment

Article 59.

Budget reviews

1-Compeve to the Assembly of the Republic the budgetary revisions involving:

a) The increase in total expenditure of the central administration's subsector and security

social;

b) The increase in the total expenditure of each organic basic mission;

c) Amendment of the budget programmes that entail the increase in commitments

of the State;

d) Transfers of monies between programmes corresponding to different missions

of organic basis with the exception of those effected by means of programme monies

referred to in the first part of Article 45 (12);

e) An extra respect for the limits of net borrowing fixed in the law of the

Budget of the State;

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f) The increase in the expenditure of the social security budget, with the exception of

expenses regarding social benefits due to the beneficiaries of the system of

social security;

g) Transfers of appropriations from the social security budget between different large

functions or functions in respect of the selective suitability of the sources of

funding enshrined in the Bases Act of the Social Security System.

2-The remaining budgetary changes fall within the competence of the Government, in the terms of

decree-law of its own.

3-Budget changes in the competence of the Government are communicated to the Assembly

of the Republic under the terms of the ( d ) of Article 75 (1)

Article 60.

Budgetary changes in the competence of the Government

It shall, inter alia, compete with the Government for the budgetary changes consisting of a

increase in the total amount of the expenditure of each organic basic mission, when the

same result:

a) From management balances or appropriations from previous years whose use is permitted

by law;

b) From the use of the monies of the programme referred to in the first part of paragraph 12 of the

article 45;

c) From the increase in effective own or consigned revenue, accounted for as

revenue of the year itself.

Article 61.

Publication of budgetary changes

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In cases where the respect for publicity is not ensured through the compulsory

publication in the Journal of the Republic of the acts that approve them, the budgetary changes and the

maps of the State Budget law, modified by virtue of the changes in them

introduced during the quarter concerned, are disclosed on the entity's Electrophic page

in charge of the monitoring of the budget implementation:

a) By the end of the following month every quarter, in the case of the first three

trimesters of the economic year;

b) By the end of the month of February, in the case of the 4 th quarter.

Title VI

Accounting, reporting, control and transparency

CHAPTER I

Accounting system

Article 62.

General principles

1-The State organizes a budget accounting for all its revenue and expenditure,

a financial accounting for all of your assets, liabilities, income and expenses, and

prepares budgetary and financial statements, individual and consolidated, which

provide a true and appropriate picture of the budget implementation, of the position

financial, of the changes in financial position, performance and cash flows.

2-Public entities shall prepare budgetary and financial statements that

provide a true and appropriate picture of the budget implementation, of the position

financial, of the changes in financial position, performance and cash flows.

Article 63.

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Accounting system

1-The accounting system of the State and of the remaining public entities included in the scope

of the application of this Law Structure to budgetary and financial information so as to

enrol, classify and record the elements of the budget statements and

financial.

2-The accounting system comprises a budget accounting, an accounting

financial and a management accounting, in the terms of accounting normalization in

vigour.

3-A Financial accounting records the operations that affect the financial position, the

financial performance and cash flows.

4-A Budget accounting provides a record of the implementation of the budget and of

possible changes.

5-A management accounting allows to evaluate the outcome of the actions that contribute to the

fulfillment of public policies and the fulfillment of the objectives in terms of services to

provide for citizens.

Article 64.

Interim financial statements

1-A ECE and the remaining public entities prepare, by the end of the following second month

to the quarter, budgetary and financial statements, individual and consolidated.

2-The budgetary and financial statements shall have an identical structure to the

accounting statements included in the budget documentation.

3-The provisions of this Article shall not apply to the finite quarter on December 31.

CHAPTER II

Annual account of the Accounting Entity State and public entities

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Article 65.

Annual reporting of public entities

1-A ECE and public entities draw up, by March 31 of the year following the year

economic to which they respect them, the reporting documents that

hand over to the member of the Government responsible for the area of finance, to the member of the

Government of the tutelage and the Court of Auditors.

2-The accountability documents integrate:

a) The management report;

b) The budgetary and financial statements;

c) Other documents required by law.

Article 66.

State General Account

1-The Government submits to the Assembly of the Republic, by May 31 of the year following the year

economic to which they respect them, the budgetary and financial statements

consolidated from the subsectors of the central administration and social security, which

integrate the General Account of the State.

2-A General Account of the State shall comprise the set of the accounts relating to the entities which

have integrated the perimeter of the state budget, as defined in Article 2 and

comprises a report, the budgetary and financial statements and the notes to

budget and financial statements.

3-Budget and financial statements should adopt the accounting system that

is in force for public administrations.

4-A The General Account of the State shall be referred to the Court of Auditors.

5-The opinion of the Court of Auditors shall be accompanied by the responses of the entities to the

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issues that this body formulating them.

Article 67.

Maps that accompany the General Account of the State

The General Account of the State is accompanied by the maps set out in Article 42.

CHAPTER III

Control and responsibilities

Article 68.

Control of budget implementation

1-A The implementation of the State Budget, including the social security budget, is

object of administrative, jurisdictional and political control, and has as objectives:

a) The confirmation of the appropriate accounting record, and the true reflection and

appropriate of the operations carried out by each entity;

b) The verification, monitoring, evaluation and information on the legality,

regularity and good management, in respect of programs and actions of entities of

public or private law, with an interest in the scope of management or guardian

government in public finance, national and European Union,

as well as other public financial interests;

c) The verification of the fulfillment of the objectives by the managers and responsible to whom

have been assigned resources.

2-Administrative control comprises the operational, sectoral and strategic levels,

defined in reason of the nature and scope of intervention of the services that integrate it.

3-Administrative control presupposes the coordinated acting and the observance of criteria,

methodologies and benchmarks in accordance with the nature of the interventions to be carried out, without

material injury to the powers of the audit authority under the law.

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4-The jurisdictional control of the implementation of the State Budget competes with the Court of

Accounts and is effected in the terms of the respect of legislation, without prejudice to the acts that

fit the remaining courts, specifically the administrative and tax courts and the

judicial tribunals, within the scope of the respective competences.

5-A Assembly of the Republic exercises political control over the implementation of the Budget

of the State and effective the corresponding political responsibilities, in the terms of the

provisions of the Constitution, in the Rules of the Assembly of the Republic, in this Law and

in the remaining applicable legislation.

Article 69.

Control system of the financial administration of the State

1-The control system of the State financial administration comprises the fields

budgetary, economic, financial and heritage and aims to ensure consistent exercise and

articulated control within the framework of public administrations.

2-Integrate the control system of the financial administration of the state to its own

entity responsible for the execution, the internal watchdog bodies, the entities

hierarchically superior of superintendence or guardian and the organisms of

inspection and control of the sector of public administrations.

Article 70.

Cross control

1-The entities responsible for the control have control powers over

any entities, public or private, in the cases where they benefit from

grants or other financial aid granted by the State entity and the

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too many public entities or those powers that show themselves indispensable to the

control, by indirect and cross-route, of budget implementation.

2-Cross-control is effected only in cases where it is indispensable and in the

measure strictly necessary for the control of budget implementation and verification of the

legality, regularity and economic and financial correctness of the application of the monies and

other public assets.

Article 71.

Political control

1-In the context of political control, the Assembly of the Republic monitors the implementation of the

State budget and the rest budgets of the central administration and ECE and

approves the General Account of the State.

2-The Government annually informs the Assembly of the Republic of audit programs

which promotes on its initiative, in the framework of the administration's control systems

state financial, accompanied by the respected terms of reference.

3-A Assembly of the Republic may request the Government and the Court of Auditors

supplementary audits.

4-The results of the audits referred to in the preceding paragraph are sent to the

Assembly of the Republic within one year, extended up to 18 months, for reasons

duly justified.

5-The Government responds in 60 days to the recommendations of the Assembly of the Republic that

to inciditate on the audits referred to in paragraph 3.

Article 72.

Responsibility in the context of budget implementation

1-Political office holders respond policy, financial, civil and criminally

by the acts and omissions practicing in the context of the exercise of its functions of

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budget implementation, under the Constitution and too much applicable legislation, to which

typifies criminal and financial infractions, as well as respect for sanctions.

2-The leaders and employees of public entities are responsible to discipline,

financial, civil and criminally by their acts and omissions that it results in violation of the

budget implementation standards, pursuant to Article 271 of the Constitution and the

applicable legislation.

3-A The financial responsibility is effective by the Court of Auditors, pursuant to the

respects legislation.

CHAPTER IV

Transparency

Article 73.

Duty of disclosure

1-In accordance with the principle of budgetary transparency, they are made available to

public, in accessible format, the information on the programs of the subsectors of the

central government and social security, the objectives of fiscal policy, the

budgets and the accounts of the sector of public administrations, by subsector.

2-The Government must create an electronic platform on site on the Internet, public access

and universal, in which it is published, in a simple and easily apprehensible manner, the information

referred to in the previous number.

3-For the purposes of the provisions of the preceding paragraphs the proposed budget of the budget of the

State, the State Budget and the General Account of the State are made available,

respects:

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a) Up to the first business day following that of the respective delivery in the Assembly of

Republic;

b) Up to the second day useful to that of the publication in Journal of the Republic ;

c) Up to the last day of the month of May of the following year to which I relate.

Article 74.

Duty of information

1-A Budget transparency implies the existence of a duty of information, in the terms

following:

a) The member of the Government responsible for the area of finance may require from the

organisms that integrate the sector of public administrations an information

detailed and justified of the observance of the measures and procedures that have

to comply with the terms of this Law;

b) Whenever you check any circumstance that involves the danger of

occurrence, in the budget of any of the services and or entities that integrate the

sector of public administrations, of an incompatible budgetary situation with

the fulfillment of the budgetary objectives, the respective member of the Government shall

refer, immediately, to the member of the Government responsible for the area of

finances a detailed and justified information about the occurred,

identifying the revenues and expenses that originated it, and a proposal to

regularization of the verified situation;

c) The member of the Government responsible for the area of finance may ask the Bank for

from Portugal and to all credit institutions and financial companies all the

information that would fall back on any service or entity of the sector of the

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public administrations and that it considers relevant for the verification of the

compliance with this Law;

d) The member of the Government responsible for the area of finance may request

fundamentedly to the entities that integrate the subsectors of administrations

regional and local, supplementary information on the budgetary situation and

financial;

e) The member of the Government responsible for the area of finance may also request the

Bank of Portugal and to all credit institutions and financial companies

information on entities from the subsector of regional and local administrations that

be customers of those institutions and societies, with a view to compliance

of this Law.

2-With the aim of allowing a consolidated information of the administrations sector

public, the autonomous regions and local authorities should refer, in the terms to

define in the decree-budget implementation law, the following elements:

a) Budgets and annual accounts;

b) Quarterly accounts;

c) Information on the contracted debt and on the assets expressed in securities of the

public debt;

d) Information on budget implementation, particularly commitments

assumed, the processings effected and the amounts paid, as well as the

updated forecast of budget implementation for the whole of the year and the Balts, with

monthly regularity.

Article 75.

Special duty of information to political control

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1-The Government makes available to the Assembly of the Republic all informative elements

necessary to enable it to monitor and control, in an effective manner, the execution of the

Budget of the State, specifically reports on:

a) The implementation of the State Budget, including that of social security;

b) The use of appropriations within the framework of the integrated programme in the basic mission

organic from the Ministry of Finance intended to cope with expenses

unpredictable and unavoidable;

c) The implementation of the consolidated budget of the services and entities of the sector of the

public administrations;

d) The budget amendments approved by the Government;

e) The public debt management operations, the recourse to public credit and the

specific conditions of public borrowing concluded in the terms provided for

in the State Budget Act and the legislation on the issuance and management of the

public debt;

f) The loans granted and other active credit operations carried out in the

terms set out in the State Budget Act;

g) The personal guarantees granted by the State pursuant to the Budget Act of the

State and other applicable legislation, including the nominal relationship of the beneficiaries

of the avales and fiances granted by the State, with individual explication of the

respect values, as well as of the overall amount in force;

h) The financial flows between Portugal and the European Union.

2-The informative elements to which the points are referred a ) and b ) of the previous number are

made available by the Government to the Assembly of the Republic on a monthly basis, and the elements

referred to in the remaining paragraphs of the same number are made available quarterly,

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owing, in any case, the sending respects to be made in the 60 days following the

period to which they respect.

3-The Court of Auditors sends to the Assembly of the Republic the final reports referring to the

exercise of your budgetary control skills.

4-A Assembly of the Republic may request the Government, in the terms provided for in the

Constitution and the Rules of the Assembly of the Republic, the provision of any

supplementary information on the implementation of the State Budget, in addition to the

provided for in paragraph 1, and such information shall be provided in a period not exceeding 60

days.

5-A Assembly of the Republic may request the Court of Auditors:

a) Technical information related to the respective control functions

financial;

b) Interim reports and opinions on the results of the monitoring of the implementation of the

State budget throughout the year;

c) Any technical information or clarifications necessary for the control of the

budget implementation, the appreciation of the State Budget and the opinion on the

General Account of the State.

Article 76.

Acting information and application of corrective measures

1-Failure to comply with the duties set out in this Title implies the clearance of the

respects counterordinational, financial and political responsibilities.

2-A violation of the duties referred to in Articles 73 and 74 determines the retention

partial or full effect of the effectivation of the State Budget transfers, until the

situation created has been properly sanated, in the terms to be defined in the decree-law of

budget implementation, and the application of counterordinations to be defined in a diploma of their own.

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