Organic Law No. 38 of 1989 Statute on the General Budget of the Nation of Colombia

This Law establishes the structure of the Budget System and determines that it is formed by a financial plan at two or more years, by an Annual Operational Investment Plan and by the Nation’s Annual Budget. It defines that the Annual Operational Investment Plan should indicate the direct and indirect investment and the projects to execute, classified by sectors, organizations, entities, programs and regions with indication of the committed priority projects and durations with specification of its value. Additionally, it indicates that only those projects registered in the Investment Project Bank can be included.

Country
Date
April 1989
Last reform
August 2020
Instrument type
Laws and regulations
Territorial scale
Sectorial topic