Flashcards: Fundamentals of Public Budget Principles — 18 cartões

Budgetary principles — definition?

Core rules structuring public finances.

Loi de finance — role?

Legal act setting revenues and expenditures.

Annuality principle — requirement?

Budget law adopted before year-end; executed annually.

Urgent finance procedures — purpose?

Allow lawful spending when budget isn't adopted on time.

Authorization of commitment — function?

Allows multi-year spending commitments.

Payment credits — purpose?

Authorize annual payments for committed works.

Unity principle — requirement?

Single document for the entire budget.

Universality principle — rule?

Full presentation of all revenues and expenditures.

Non-contraction rule — meaning?

Revenues and credits shown in gross amounts.

Non-affectation — exception?

Certain taxes (incentive taxes, CSG) can be earmarked.

Incentive taxes — purpose?

Target behavior change, with proceeds assigned to objectives.

Fonds de concours — nature?

Resources contributed for specific purposes, used accordingly.

Rétablissements de crédits — function?

Accountings for recoveries or sale proceeds.

Budgets annexes — characteristics?

Separate budgets for specific activities, funded by user fees.

Specialization of credits — requirement?

Detailed, separated credits in the finance law.

Abonnement system — description?

Global credits redistributed freely during execution.

Specialty principle — description?

Credits voted in structured, detailed breakdowns.

Budget balance principle — strict?

Expenditures equal resources; no deficit.