Decree Law No. 176/2019
- Issuer: Presidency of the Council of Ministers
- Diploma Type: Decree Law
- Number: 176/2019
- Pages: 5 - 6
Summary in plain english
This decree-law creates transitional rules for budget implementation until the State Budget Law for the year 2020 enters into force.What is going to change?
The budget implementation of expenditure now complies with the principle of use in twelfths, and the twelfths are established through the funds set out in the budget maps where they classify expenditure according to organic.
The twelfths are established by setting the available funds on a monthly basis.
The Directorate General for the Budget shall establish the necessary guidelines for the implementation of the twelfths scheme, which shall be published and publicised on its website.What advantages does it bring?
This decree-law aims to ensure the stability of the budget year transfer, avoiding disruptions in the functioning of services and in the fulfilment of the essential functions of the State and other public bodies, until the State Budget Law for 2020 enters into force.When does it enter into force?
This decree-law enters into force on 28 December 2019, and shall take effect on January 1, 2020, until the State Budget Law for the year 2020 comes into force.
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