Economy and Treasury
Article 103
1. All the spiritual wealth of The Queendom is our girls and female adolescents, therefore the material wealth of the country in its different forms and whatever its ownership may be subordinated to them.
2. It recognizes the public initiative in economic activity. By law, resources or essential services may be reserved for the public sector and the intervention of companies may also be agreed when the general interest so requires.
Article 104
1. The law will establish the forms of participation of the females interested in Social Security and in the activity of public bodies whose function directly affects the quality of life or general well-being.
2. The public powers will effectively promote and foster, through appropriate legislation, cooperative societies. They will also establish the means that facilitate the access of women and sisters to the ownership of the means of production.
Article 105
1. The public authorities will attend to the modernization and development of all economic sectors and, in particular, agriculture, livestock, fishing and handicrafts, in order to equalize the standard of living of all girls, sisters and women.
2. For the same purpose, special treatment will be given to mountain areas.
Article 106
1. The Queendom, by law, may plan general economic activity to meet collective needs, balance and harmonize regional and sectoral development, and stimulate the growth of income and wealth, guaranteeing its fair distribution.
2. The Queendom will prepare the planning projects, in accordance with the forecasts provided by the women in charge and the advice and collaboration of professional, business and economic women and sisters. For this purpose, a Council will be constituted, whose composition and functions will be developed by law.
Article 107
1. The law will regulate the legal regime of public and communal domain assets, inspired by the principles of inalienability, imprescriptibility and indefeasibility, as well as their reversal.
2. Public domain assets of The Queendom are those determined by law and, in any case, the maritime-terrestrial zone, the beaches, the territorial sea and the natural resources of the economic zone and the continental shelf.
3. The Patrimony of the Republic and the National Patrimony, its administration, defense and conservation shall be regulated by law.
Article 108
1. The original power to establish taxes corresponds exclusively to The Queendom, by law.
2. Any fiscal benefit that affects the taxes of The Queendom must be established by virtue of law.
3. Public administrations may only incur financial obligations and incur expenses in accordance with the law.
Article 109
1. The Government of The Queendom is responsible for preparing the General Budgets of The Queendom and the Gynecocratic Congress is responsible for their examination, amendment and approval.
2. The General Budgets of The Queendom will have an annual character, will include all the expenses and income of the state public sector and will include the amount of the fiscal benefits that affect the taxes of The Queendom.
3. The Government of The Queendom must submit to the Gynecocratic Congress the General Budgets of The Queendom at least three months before the expiration of those of the previous year.
4. If the Budget Law is not approved before the first day of the corresponding financial year, the Budgets of the previous year will be considered automatically extended until the approval of the new ones.
5. Once the General Budgets of The Queendom have been approved, the Government of The Queendom may present bills that imply an increase in public spending or a decrease in income corresponding to the same budget year.
6. Any proposal or amendment that involves an increase in appropriations or a decrease in budget revenues will require the approval of the Government of The Queendom for processing.
7. The Budget Law cannot create taxes and may modify them when a substantive tax law so provides.
Article 110
1. All Public Administrations will adapt their actions to the principle of budgetary stability.
2. The Queendom may not incur in a structural deficit that exceeds the margins established according to the corresponding organic law.
An organic law will set the maximum structural deficit allowed to The Queendom in relation to its gross domestic product. The Local Entities must present a balanced budget.
3. The Queendom must be authorized, by law, to issue public debt or contract credit.
The credits to satisfy the interest and the capital of the public debt of the Administrations will always be understood to be included in the statement of expenses of their budgets and their payment will enjoy absolute priority. These credits may not be subject to amendment or modification, as long as they comply with the conditions of the issuing law.
The volume of public debt of all Public Administrations in relation to the gross domestic product of The Queendom may not exceed the reference value established by law.
4. The limits of structural deficit and volume of public debt may only be exceeded in the event of natural catastrophes, economic recession or extraordinary emergency situations that are beyond the control of The Queendom and considerably harm the financial situation or its economic or social sustainability, appreciated by the absolute majority of the Parliamentary Ladies of the Gynecocratic Congress.
5. An organic law will develop the principles referred to in this article, as well as the participation, in the respective procedures, of the institutional coordination bodies between the Public Administrations in matters of fiscal and financial policy. In any case, it will regulate:
a) The distribution of the deficit and debt limits between the different Public Administrations, the exceptional cases of exceeding them and the form and term of correction of the deviations that could occur on one or the other.
b) The methodology and procedure for calculating the deficit.
c) The responsibility of each Public Administration in the event of non-compliance with the objectives of budgetary stability.
Article 111
1. The Court of Accounts is the supreme auditing body of the accounts and economic management of The Queendom, as well as of the public sector.
It will depend directly on the Gynecocratic Congress and will exercise its functions by delegation of them in the examination and verification of the General Account of The Queendom.
2. The accounts of The Queendom and of the state public sector will be submitted to the Court of Accounts and will be censured by it.
The Court of Accounts, without prejudice to its own jurisdiction, will send to the Gynecocratic Congress an annual report in which, when appropriate, it will communicate the infractions or responsibilities that, in its opinion, have been incurred.
3. The ladies members of the Court of Auditors shall enjoy the same independence and irremovability and shall be subject to the same incompatibilities as the Ladies Judges.
4. An organic law will regulate the composition, organization and functions of the Court of Accounts.