225:, introduced in 2011, establishes the principles of stability and budget sustainability. Among them it is established that the credits to pay the public debt are always present in the budget and are of absolute priority. This means that even if the budget does not include a forecast of expenditure in debt payment, if there are debts, the credit for that expense is automatically understood as being included in the budget in a virtual way by this article of the constitution. The principles established in this article are developed in the Organic Law of Budget Stability and Financial Sustainability.
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fiscal year are automatically carried over until the approval of the new ones. This extension has some exception: it does not affect credits approved for activities that ended in the year whose budget is extended. In practice, when a government does not get the parliamentary support to approve the budget, the most usual thing is the holding of early elections since it is very difficult to govern and make economic policy decisions with an extended budget.
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at least three months before the expiration of the year. The
Congress of Deputies votes in the first place for its generic admission or the amendments to the totality, which, if successful, suppose their return to the Government. Once this procedure has been completed, the capacity for alteration due
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The
General State Budget are annual, include all the expenses and income of the state public sector and they are the amount of tax benefits that affect state taxes. Spain was a pioneer in terms of transparency in 1978 because of the introduction of this obligation with respect to tax benefits. Since
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or a decrease in revenues corresponding to the same budget year. These bills must be approved by parliament. The parliament can also present a proposal or amendment that supposes an increase of the credits (expense) or a decrease of the budgetary income, but this proposal requires the agreement of
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the
General State Budget at least three months before the expiration of those of the previous year. The objective is for the budget to be approved before December 31 of each year. If the Budgetary Act is not approved before the first day of the corresponding fiscal year, the Budget of the previous
268:, which do not have the status of law. Local taxes are regulated in the Regulating Act of the Local Treasuries, which establishes a minimum basis and gives the municipalities enough freedom to develop these bases.
327:, its budgets and the exchange of various payments and collections with the different Spanish public administrations, also imply different limitations of the national budget capacity and autonomy of Spain.
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The basic structure of local budgets, unlike that of regional governments, is established by the
Government. Local entities can not present a budget deficit according to article 135 of the constitution.
148:. The PGE is considered the most important act that a government enacts in a year and determine its policy in most areas, as well as being the basis on which the State's economy will move in that year.
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The spending limit established in the budget is not absolute. Once the
General State Budget has been approved, the Government may present bills that imply an increase in
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are organized independently, but they have to be subject to a common regulatory framework, for example in the setting of the public deficit. The legislation of the
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In the event that they are not approved, the extension of the previous year's budget is foreseen. Within the
General Budget include those of
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these are equivalent to an indirect subsidy, they can be considered an expense and therefore must be included in the budget.
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have financial autonomy. However, local administrations can not approve budgets. They only have the so-called tax
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to partial amendments is subject to the non-alteration of the budget balance. Later, the Budget is sent to the
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should be. The approval of autonomous budgets is not subject to any type of supervision by the
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Organic Law 1/2016, of Budget
Stability and Financial Sustainability (Spanish)
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The preparation of the
General State Budget is the responsibility of the
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The
Spanish Constitution says nothing about how the budgets of the
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and is established every three years according to forecasts of
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The basic aspects of the PGE are defined by article 134 of the
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The objective of budget stability is presented by the
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342:Ministry of Economy, Industry and Competitiveness
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308:(BOE) with the rank of an ordinary law.
383:Article 142 of the Spanish Constitution
374:Article 135 of the Spanish Constitution
365:Article 134 of the Spanish Constitution
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183:The Government must present before the
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