Fiscal Responsability

Abstract

This paper analyses "Fiscal Responsibility," a mechanism devised in a new way by the 1991's new constitution, as part of its power controls system, aimed at the integrity of public money in order to assure its legal management according to the State’s purposes.Due to absence of legal regulation of its substantive aspects and the scarcity of procedural rules in Act 42 of 1993· the high courts took the task of leading the conceptual evolution of this institution, until the new act: ley 610 de 2000.For all, delay in passing the new statute which regulates this matter wholly, makes it difficult to judge the merits of this act and of its practical application.