How are the budget documents presented?
The budget documents are presented in two parts:
- The draft finance law (PLF), which presents the government’s revenue and expenditure forecasts for the following year.
- The finance bill (LF), which sets the rules for implementing the budget.
The PLF and LF are submitted to Parliament for debate and adoption.
The draft finance law (PLF)
The PLF includes:
- The general budget of the State (EBG), which presents the government’s overall revenue and expenditure forecasts.
- The annexed budgets, which present the revenue and expenditure forecasts of the various government departments and agencies.
- The social security budget, which presents the revenue and expenditure forecasts of the social security system.
- The local government budget, which presents the revenue and expenditure forecasts of local authorities.
The PLF also includes a report on the economic and budgetary situation, which provides an overview of the economic and budgetary outlook for the following year.
The finance bill (LF)
The LF includes:
- The provisions on revenue, which set the rules for collecting taxes and other government revenue.
- The provisions on expenditure, which set the rules for spending government money.
- The authorizations to borrow, which set the limits on the amount of money that the government can borrow.
The LF also includes a report on the social and fiscal impact of the budget, which assesses the impact of the budget on different groups in society.
The budget debate
The PLF and LF are debated in Parliament by the Finance Committee. The Committee can make amendments to the budget documents.
The PLF and LF are then voted on by the National Assembly and the Senate. If the two chambers cannot agree on a budget, the government can ask the National Assembly to vote on the budget definitively.
The adoption of the budget
The budget is adopted when the PLF and LF are voted on by the National Assembly. The budget is then promulgated by the President of the Republic.
The execution of the budget
The budget is executed by the government. The government is responsible for collecting taxes and other government revenue, and for spending government money.
The government reports on the execution of the budget to Parliament on a regular basis.
Comment se présentent les documents budgétaires ?
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