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Country Budget Laws

Drafting or amending public finance laws is a regular feature of public financial management work. On any given issue, such as a spring fiscal policy bill or financial reporting requirements, it may be possible to identify some good practices, but there is no general best practice in budget legislation. Laws need to be drafted to suite country legal, cultural, and political conditions. To aid in understanding public finance law and assist in reviewing or drafting legislation, a database of current budget system law (sometimes referred to as organic budget law, public finance acts, etc) has been established. These laws have been collected from numerous sources, including Bank and Fund staff, country Finance Ministries, and consultants. We have tried to obtain the latest laws, but make no assurance that these are in fact the latest compilations or reflect recent amendments. Most laws are available in English, and no assurance is made as to the accuracy of translation. Where known, the year of the law has been included.

Current Budget Laws
Afghanistan- Public Finance and Expenditure Management Law
Albania- Organic Budget (1998)
Argentina- National Public Sector Financial Administration and Control Systems Act No. 24.156
Armenia- Budget Law (1997)
Australia- Charter of Budget Honesty
Australia- Financial Management and Accountability Act (1997)
Azerbaijan- Law on State Budget
Bahrain- State Budget Law (2002)
Bosnia-Herzegovina- Decree for Announcing the Law Regarding the Budgets in the Federation of Bosnia and Herzegovina
Bosnia-Herzegovina- Law on the Budget System of Republika Srpska
Bulgaria- LAW on the Structure of the State Budget
Canada- Financial Administration Act
Canada- Spending Control Act
Chile- (1960) (Spanish)
Croatia- Budget Law (2001)
Cyprus- Federal Budget Law (2004)
Czech Republic- ACT NO. 320/2001 COLLECTION (2001)
Estonia- State Budget Law (1999)
Finland- State Budget Act
France- The Organic Law on Budget Laws
Georgia- Budget System Law (2004)
Georgia- Law on Budget System and Budgetary Powers (1996)
Ghana- Financial Administration Act, 2003 (Act 654)
Honduras- LEY ORGANICA DEL PRESUPUESTO* -DECRETO NUMERO 407
Hungary- Public Finance Act (1992)
Hungary- Finance Decree (1998)
Iceland- The Government Financial Reporting Act, No. 88/1997
IR Iran- National General Accounts Law (1987)
Iraq- Financial Management Law (May 2004)
Jamaica- The Financial Administration and Audit Act
Korea- Enforcement Decree Of The Budget And Accounts Act
Korea- Budget And Accounts Act
Kosovo- Budget Law
Latvia- Budget Law (1998)
Macedonia- Macedonia Budget Law
Moldova- Budget Law (2000)
Montenegro- Budget Law
Netherlands- Government Accounts Act (2001)
New Zealand- Public Finance Bill
Peru- LEY ORGÁNICA DE RÉGIMEN PRESUPUESTARIO
Poland- ACT of 26 November 1998 on Public Finances
Russian Federation- BUDGETARY CODE NO. 145-FZ OF JULY 31, 1998
Rwanda- Rwanda Organic Budget Law (in 3 Languages)
Serbia- Budget System Law
Serbia- Budget System Law
Sierra Leone- Budgeting and Accountability Act, 2005
Singapore- Financial Procedures Act
Slovakia- Budget Rules Decree (1995)
Slovenia- Public Finance Law (2002)
South Africa- Public Finance Management Act
Spain- Spain General Budgetary Law
Sudan- Financial Management Act 2004
Sweden- State Budget Act (summary and near final version of law)
Tanzania- Public Finance Act
Turkey- Public Financial Management And Control Law
Uganda- Public Finance and Accountability Act (2003)
Ukraine- Budget Code (2001)
United Arab Emirates- Federal Law 23
United Kingdom- Finance Act (1998)
Uzbekistan- Law on Budget System
Vanuatu- Public Finance and Economic Management Act (1998)
Venezuela- Organic Law (2000)
Vietnam- Budget Law (2002)
Vietnam- Budget Law Implementation Decree 2002

Draft Budget Laws
Bosnia-Herzegovina - Finance Law of Bosnia and Herzegovina
Colombia - Columbia Draft Organic Budget Law 2004 (Spanish only)
The Gambia - Government Budget Management and Accountability Law

Fiscal Responsibility Laws
Argentina - Fiscal Convertibility Law
Brazil - Brazilian Fiscal Responsibility Law
Columbia - Columbia Fiscal Responsibility Law 2003 (Spanish Only)
Ecuador - Fiscal Responsibility Law 2002 (Spanish Only)
India - Fiscal Responsibility and Budget Management Bill
Karnataka State, India - Fiscal Responsibility Act (2002)
Kerala State, India - Fiscal Responsibility Act
Peru - Fiscal Prudence Law Amendments 2003 (Spanish Only)
Peru - Fiscal Prudence and Transparency Law 1999 (Spanish Only)
United Kingdom - Code for Fiscal Stability
United States - Budget Enforcement Act of 1990 (BEA)

Current Public Finance Related Acts
Albania - Internal Audit Law
Bosnia - Treasury Regulation (1998)
Bulgaria - Internal Control Law
Croatia - Budget Law (1994)
Croatia - Law concerning the execution of the national Budget of the Republic of Croatia for 1999
Croatia - State Audit Act
Croatia - On The Treasury Book System And The Methods Of Keeping The Treasury General Account
Czech Republic - Internal Fiscal Control Law (2001)
Ghana - Public Procurement Law (part 1)
Ghana - Internal Audit Law
Ghana - Public Procurement Law (part 2)
Hungary - Public Procurement Act (1995)
Iceland - The Public Projects Procedures Act, No. 84/2001
Iceland - The State Guarantee Act, No. 121/1998
Iceland - The Public Procurement Act, No. 94/2001
Karnataka State, India - Procurement Act (1995)
Macedonia - Law on State Audit
Macedonia - Budget Execution Law
Slovenia - Public Procurement Law (2000)

 

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