Constitución en Inglés

303 Corte Constitucional de Colombia Chapter VII I n order to finance the operation of the new institutions and to attend to the obligations derived from constitutional reform that have not been offset by a reduction in expenditures or transfers of responsibilities, Congressmay, on one occasion only, prescribe tax adjustments whose yield is to be designated exclusively for the Nation. If within a period of eighteen months from the installation of Congress, it has not passed such fiscal adjustments and it is evident that the efforts of the administration to make the collection more efficient and to reduce public expenditures at a national level have been insufficient to cover these new expenditures, the National Government may, on one occasion only, make these adjustments through a decree with the force of law. The fiscal situation for the year 1992 should not be worse, expressed in constant pesos, than that of 1991. The districts and municipalities shall collect as a minimum during the fiscal year of 1992 the shares of the IVA (value added tax) established by Act 12 of 1986. Beginning in 1993, the provisions in Article 357 of the TRANSITIONAL ARTICLE 43 TRANSITIONAL ARTICLE 44 TRANSITIONAL ARTICLE 45