Limits to initiative in budgetary matters111, 126 SO6. Any non-governmental bill or amendment which involves an increase in appropriations or a decrease in budget revenue shall require previous approval by the Government before its passage.
Limits to scope of Finance Bill7. The Budget Act may not establish new taxes. It may modify them, wherever a tax law of a substantive nature so provides.
Section 135
Public borrowing and loans to the State149.1.14, 157.1.e) C1. The Government must be authorised by law in order to issue Public Debt bonds or to contract loans.
2. Loans to meet payment on the interest and capital of the State's Public Debt shall always be deemed to be included in budget expenditure and may not be subject to amendment or modification as long as they conform to the terms of issue.
Section 136
Auditing Court66.2, 81, 117, 127, 153 d) C1. The Auditing Court is the supreme body charged with auditing the State's accounts and financial management, as well as those of the public sector.
It shall be directly accountable to the Cortes Generales and shall discharge its duties by delegation of the same when examining and verifying the General State Accounts.
Submission of all State accounts to the Auditing Court2. The State Accounts and those of the State's public sector shall be submitted to the Auditing Court and shall be audited by the latter.
Annual report of Auditing Court to Parliament199 SOThe Auditing Court, without prejudice to its own jurisdiction, shall send an annual report to the Cortes Generales informing them, where applicable, of any infringements that may, in its opinion, have been committed, or any liabilities that may have been incurred.
Members of Auditing Court3. Members of the Auditing Court shall enjoy the same independence and fixity of tenu-