Article 131 — National Public Budget

(1) The national public budget enshrines the state budget, the state social insurance budget, as well as the budget s of districts, towns and villages. (2) The Government shall work out an annual draft of the state budget, and the state social insurance budget, which shall be submitted separately to the Parliament for approval. In the event of establishment of an extra budgetary fund, it shall also be submitted to the Parliament for approval. (3) If the state budget and the state social in surance budget have not been legally approved with at least 3 days prior to the expiration of the current budgetary exercise, there the state and the state social insurance budgets of the previous year shall be applied further on, until the adoption of the new budgets. (4) Any legislative initiative or amendment, which entails the increase or diminishing of the budgetary revenues or loans, as well as the increase or curtail of the budgetary expendi tures shall be adopted following an approval of the Government. [Art. 131 para.(4) introduced by the Law no.1115 -XIV of 05.07.00, MO no. 88 -90/28.07.00, art.661; para.(4) -(5) be came para.(5) -(6)] (5) The district, town and village budgets shall be drafted, approved and carried out in accordance with the law. (6) No budget expenditure may be approved without prior specification of the funding source.