Law 550 on Financial Administration and Budget Regime of Nicaragua (Spanish)

Law 550 aims at establishing the Public Sector Finance Administration System as well as strengthening its internal control to contribute to the efficiency, effectiveness and transparency in using public revenues. Likewise, the present law aims at regulating the procedures related to formulation, approval, execution, control, assessment and liquidation of the General Budget of the Republic; as well as regulating the information of the budgets of all bodies and entities of the Public Sector.

Country
Date
July 2005
Last reform
July 2005
Instrument type
Laws and regulations
Territorial scale
Sectorial topic