The Government budget is an important instrument for implementation of policy decisions by the Government to achieve social, economic and political ends. The formulation of the budget requires a series of processes linked to a chain of interventions and legal and regulatory mechanisms that involve a number of players and stakeholders. Since the budget is a public instrument, it is based on a legal framework which gives it, the necessary mandate. The budget formulation and process is thus a legalized and formalized work cycle of preparing budget estimates, authorization, implementation, control and accounting.

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