Page:Spanish Constitution of 1978 English translation.pdf/56

 3. The State's Domain and the National Heritage, as well as their administration, protection and preservation, shall be regulated by law.

Section 133

1. The primary power to raise taxes is vested exclusively in the State by means of law.

2. Self-governing Communities and local Corporations may impose and levy taxes, in accordance with the Constitution and the laws.

3. Any fiscal benefit affecting State taxes must be established by virtue of law.

4. Public Administrations may only contract financial liabilities and incur expenditures in accordance with the law.

Section 134

1. It is incumbent upon the Government to draft the State Budget and upon the Cortes Generales to examine, amend and adopt it.

2. The State Budget shall be drafted annually and shall include the entire expenditure and income of the State public sector and a specific mention shall be made of the amount of the fiscal benefits affecting State taxes.

3. The Government must submit the draft State Budget to the Congress at least three months before the expiration of that of the previous year.

4. If the Budget Bill is not passed before the first day of the corresponding financial year, the Budget of the previous financial year shall be automatically extended until the new one is approved.

5. Once the Budget Bill has been adopted, the Government may submit bills involving increases in public expenditure or decreases in the revenue corresponding to the same financial year. 60