How is the payment run done?

How is the payment run done?

Budget stages pdf

Initiation: The procedure is initiated with the notification of the order for enforcement in which the surcharges for the executive period are settled and a payment period is granted during which, if the total amount of the debt and the reduced 10% enforcement surcharge are paid, the procedure ends and no interest for late payment is settled.

Appeal: Deadline: One month. With optional character, before the office from which the administrative act to be appealed comes, stating that no economic-administrative claim has been filed against it.

Economic-administrative claim: Deadline: One month from the day following the notification of the challenged act or the day on which the procedure or the previous appeal for reconsideration can be understood to have been resolved. It shall be addressed to the administrative body that has issued the challenged act.

Budget execution example

The act of establishing or identifying precisely the concept, amount, timing and the natural or legal person who is to make a payment or disbursement of funds in favor of an entity. BASIC GLOSSARY SAFI [Page 22/38].

The process that consists of the registration of the transfer made either by issuing a check, a letter of order or an electronic transfer charged to the corresponding bank account for the partial or total payment of an accrued expense, duly formalized and registered.

Phases of the budget cycle

With the notification of the Assessment Ruling, the aforementioned administrative procedure is initiated, the outstanding debt is identified, the reduced assessment surcharge of 10% is settled and payment is required with the granting of a new payment deadline:

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If after the aforementioned deadlines the debt is unpaid, the amount of the debt will be increased by the ordinary 20% surcharge, and interest for late payment accrued since the beginning of the enforcement period will also be payable. If the debt is guaranteed, the execution of the guarantee or its collection by seizure of the debtor’s assets and rights will be carried out.

Budgetary execution pdf

Royal Decree 324/1986, dated February 10, 1986, implemented an Accounting Information System in the General State Administration and restructured the payment order function. This Royal Decree defines the objectives and purposes to which the system must conform.

A novelty, perhaps the most important within the provisions of the Order of December 27, 1995, was the regulation of the management of third party data. Within the Accounting Information System, the main objective of the management of third party data was to enable the individualized follow-up of the creditor situation of the interested parties related to the Administration.

Other novelties to be highlighted would be that since then the execution of practically all the payments by transfer is carried out through the payable cashier of the General Directorate of the Treasury and Financial Policy.

Royal Decree 578/2001, of June 1, 2001, regulating the general principles of the General State Administration’s Accounting Information System, repealed Royal Decree 324/1986 and established the orientation towards a centralized accounting model. In this same centralizing line, and once the technical means have been made available to enable this centralization in the payment of the General State Administration’s obligations, and always with the aim of improving their management, it was considered that the time had come to undertake this centralization. Thus, all the payments of the State’s obligations will be carried out through the payment office of the Directorate General of the Treasury and Financial Policy, thus culminating the process which as from January 1, 1996, had been initiated for payments by transfer, with which the special procedure disappears.

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