07 Formulación del Presupuesto General del Estado 2024: Principios del sistema presupuestario

Principles of the Budget System

Key Principles of the Budget System

• The principles of the budget system are based on Article 6 of Supreme Resolution No. 22558, which outlines foundational aspects such as effectiveness, efficiency, and timeliness established in Law 1178.

• Equilibrium: This principle emphasizes the balance between expenditures and resources available to ensure financial stability.

• Sustainability: Each entity must adhere to its actual financing capabilities, ensuring that budgets are realistic and achievable.

• Universality: Public entities must include all resources and expenses they will manage within their budgets for comprehensive financial oversight.

• Transparency: Budgets should be expressed clearly and made publicly accessible to promote accountability among public institutions.