State-Owned Enterprise Management Act Article 12

State-owned enterprise shall prepare the budget proposals before the beginning of each fiscal year. The budget proposals shall be submitted to the competent authorities for approval.
中文原文 國營事業管理法第12條
國營事業應於年度開始前擬具營業預算,呈請主管機關核定之。

English translation for reference only; the Chinese text prevails. Not legal advice.