State Budgets (PGE): Income, Expenditure & Legal Framework
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PGE: Income and Expenditure of the Public Sector
PGE: income and measures with regard to public expenditure and the administration, based on economic objectives of public policy and the political budget.
8.2 - PGE Concept
The PGE can define the budget through the legislative act that authorizes the maximum amount of expenditure to ensure sound economic management during the PGE. The State general budgets are an annual instrument adopted by means of a law voted in the Cortes (parliament). They establish obligations that must be recognized by the State and its autonomous bodies.
8.3 - Characteristics of the PGE
- Financial: the PGE represents the income and expenditure of the public sector.
- Authorization and control: act of authorization and control