Budgetary Balance and Stability: Essential Constitutional Principle for Fiscal Sustainability

This paper aims to analyze the constitutional principle of budget balance and stability and its impact on fiscal sustainability. It considers budget management as the instrument that seeks to preserve the fiscal balance, from which it follows that it is a primary principle that guides the budget constitution and requires the State to discipline and safeguard the sustainability of public finances. However, the unequal distribution of income is presented as a failure within the market, which implies using public spending, taxes and social programs as instruments to correct said inequality. The method used is the hermeneutic-documentary. It concludes in the urgency of constitutionalizing budget balance and stability, as a control mechanism against public indebtedness, keeping aside the excessive increase in public spending, which hinders private investment within the market.