constituteproject.org PDF generated: 18 Apr 2016, 15:22 Article 169 The organization and functioning of the Constitutional Court are determined by an organic law. Section 5: Of Public Finance Paragraph 1: Of General Provisions Article 170 The Congolese Franc is the monetary unit of the Democratic Republic of the Congo. It has the power of legal tender [pouvoir libératoire] on all the national territory. Article 171 The finances of the Central Power and those of the Provinces are separate. Article 172 The fiscal year starts on the first of January and terminates on 31 December. Article 173 The general account of the Republic is submitted each year to Parliament by the Court of Accounts with its observations. The general account of the Republic is ordered [arrêté] by the law. Article 174 Taxes can only be established by the law. The contribution to the public expenses constitutes a duty for every person living in the Democratic Republic of the Congo. Tax exemption or relief can only be established by virtue of the law. Article 175 The budget of receipts and of expenses of the State, specifically that of the Central Power and of the Provinces, is ordered each year by a law. The percentage of receipts of national character allocated to the Provinces is prescribed at 40%. It is retained at its source. The law establishes the nomenclature of the other local receipts and the modalities of their distribution. Paragraph 2: Of the Central Bank • Central bank Article 176 Congo (Democratic Republic of the) 2005 (rev. 2011) Page 47