(1) The budget shall comprise 2 (two) parts: the first part shall be devoted to revenue and the second part to expenditure.
(2) All revenue shall be used to execute all expenditure.
(3) Operations under the "operating" section shall be annual and recurrent. Operations under the "investment" section shall be those that have an impact on the property of the local authority and can be multi-year.
(4) The Finance Law may lay down conditions for distributing among regional and local authorities, the common decentralization fund instituted by Section 23 of this law.
I - Revenue
Official text
Transcription: Spot-checked
In force from 24-12-2019
Source page 91
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 389 of the Law No 2019/024 of 24 december 2019 bill to institute the general code of regional and local authorities/akn/cm/act/loi/2019-12-24/2019-024
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