Art. 346
The Government shall formulate annually the Revenues Budget and Appropriations Law which shall be presented to Congress within the first 10 days of each legislature. The Revenues Budget and Appropriations Law must be drafted, presented and approved within a framework of fiscal sustainability and be in conformity with the National Development Plan.
In the Appropriations Law, no part whatsoever may be included that does not correspond to a legally recognized credit or an expenditure decreed in accordance with an earlier law or a budget for the Government to duly serve the functioning of the branches of government, the servicing of the debt, or earmarked to implement the National Development Plan.
The economic committees of the two Houses shall deliberate jointly to give the first reading to the proposed Revenues Budget and Appropriations Law.
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