The state budget as the form of the management of state funds is determined annually by law and implemented in an open and accountable manner in order to best attain the prosperity of the people.
The Draft Law on the state budget is submitted by the President for joint discussion with the House of Representatives, by taking into account the consideration of the Regional Representative Council.
If the House of Representatives does not approve the Draft Law on the state budget submitted by the President, the Government implements the state Budget of the previous year.
Article 23A
All taxes and other levies of compelling character for the purposes of the state are regulated by law.
Article 23B
The denomination and value of currency are regulated by law.
Article 23C
Other matters concerning state finances are regulated by law.
Article 23D
The state possess a central bank, with the structure, position, authority, responsibilities and independence regulated by law.
CHAPTER VIIIA AUDIT BOARD
Article 23E
In order to audit the management and accountability of state finances, a free and independent Audit Board shall be established.
