Organic Law No. 38 of 1989 Statute on the General Budget of the Nation of Colombia (Spanish)
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.
Laws and regulations