Changes in Budget Cycle Procedures
Multi-Year Budget Scenarios. They are essential to specifying the implementation in the budget of the stability programme and facilitating its monitoring.
1 Multi-Year Budget Scenarios. They are essential to specifying the implementation in the budget of the stability programme and facilitating its monitoring.
2 Harmonisation of Budget Structures of All Public Administrations. This harmonisation is a basic point in facilitating the consolidation and comparison of public budgets and their execution.
3 Budget Discipline. There must be more information on and control over the non-budget account “Payables for transactions pending application to the budget”.
4 Comparison of Initial Budgets for next year with the Forecasted Execution for the Current Year. The data provided must include a comparison with the budget liquidation forecast in order to evaluate the real evolution of the revenue and expenditures.
5 Transparency and Non-Discretion. The efficacy of economic-financial plans requires the objective, automatic and transparent application of the measures provided for in Spanish Organic Law 2/2012 on budget stability and financial sustainability.