Annual budget plan: scenarios and competencies

Abstract

The general budget of the nation is the most important financial instrument of Colombian fiscal policy. Through it, the State plans, executes and controls its income and expenses, which for Vázquez (2015) tends to achieve short, medium and long-term purposes, which allow the satisfaction of the basic needs of society, based on the setting of priorities and goals established before its issuance or issuance. The objective of this work is the constitutional, legal and jurisprudential study, which allows a complete approach to the scenarios of budget preparation and approval, as well as the powers granted by the Supreme Standard for its issuance, and the nature of the financing law set forth in constitutional Article 347.