Constitución en Inglés

252 constituteproject.org Colombia 2021 Theeconomiccommittees of the twohouses shall deliberate jointly to give the first reading of the proposed Revenues Budget and Appropriations Law. The appropriations bill shall include the totality of the expenditure that the State plans to implement during the respective fiscal period. If legally authorized revenues are not sufficient to cover the projected expenditure, the Government shall propose separately, before the same committees that are considering the budget bill, the generation of new revenues or modification of existing ones to finance the amount of contemplated expenditure. The budget may be approved without the completion of the bill raising additional revenues, whose consideration may continue in the following legislative term. During the years 2002, 2003, 2004, 2005, 2006, 2007, and 2008 the total amount of appropriations authorized by the annual budget law for general expenditures, other than those earmarked for the payment of pensions, health [costs], defense expenditure, human resources, the General System of National BudgetDistribution ,andother transfers specified by law, may not be increased from one year to another by a percentage greater than the inflation rate resulting for each of them, plus 1.5 percent. The limitation of the amount of appropriations shall not apply to appropriations that are needed to meet expenditures decreed using powers under a State of Exception. If Congress does not issue the budget, the budget presented by the Government shall apply within the limits of the preceding article; ARTICLE 347 ARTICLE 348 TRANSITIONAL PARAGRAPH