Within a period of two months prior to the examination of the budget, a debate is held in the Territorial Council on the budget guidelines for the financial year and on the multiannual commitments envisaged.
The draft budget is prepared and presented by the President of the Territorial Council, who is required to communicate it to the members of the Territorial Council, together with the corresponding reports, at least twelve days prior to the opening of the first meeting devoted to the examination of the said budget. The initial budget, supplementary budget and amending decisions are voted on by the Territorial Council.