Fiscal Discipline Act Article 14

Governments at all levels shall follow Paragraph 2, Article 4 and Paragraphs 7 and 8, Article 5 of the Public Debt Act with respect to the loan cap for debt incurred to make up the deficit for a given fiscal year and newly incurred debt other than new borrowings to roll over maturing debt.When the central government sets the loan cap for a given fiscal year under the preceding paragraph by means of a special budget, if it is not subject to the restrictions of Paragraph 7, Article 5 of the Public Debt Act, its aggregate total loan cap during the period of enforcement of the Special Act shall not exceed 15 percent of the aggregate sum of annual expenditures under its general budget and special budget for that period.The forecasted amount of outstanding public debt with a maturity of 1 year or longer incurred by a government at any level under the preceding two paragraphs shall be handled in accordance with Paragraph 1, Article 5 of the Public Debt Act.