Article 75: The Law shall set forth provisions governing monetary and banking matters, as well as weights, scales, and measures. Article 76: The Law shall specify the fiscal year of the State. The budget shall be announced by a Royal Decree, and shall include estimates of revenue and expenditures for the year, not less than one month before the fiscal year begins. If compelling reasons prevent its announcement and the new fiscal year begins, the budget of the previous year shall remain in force pending the announcement of the new budget. Article 77: The agency concerned shall prepare the closing accounts of the State for the fiscal year that ended and submit the same to the President of the Council of Ministers. Article 78: Budgets of agencies having a public juristic personality and their closing accounts shall be subject to the same provisions governing the budget and closing accounts of the State. Part Eight Auditing Agencies Article 79: All State revenues and disbursements as well as all movable and immovable property of the State shall be subject to subsequent audit. The proper use of these properties and protection of the same shall be ascertained and an annual report shall be submitted thereon to the President of the Council of Ministers. The Law shall specify the audit agency having jurisdiction in this matter as well as its chain of command and jurisdictions. Article 80: Government agencies shall be monitored, and their proper administrative performance and enforcement of the laws shall be verified. Financial and administrative violations shall be investigated and an annual report thereon shall be submitted to the President of the Council of Ministers. The Law shall specify the agency having jurisdiction in this matter and its chain of command and jurisdictions. 12

Select target paragraph3

Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents