Las regalías y su control fiscal en un estado social de derecho en Colombia

Abstract

Royalties are the payment made to the Colombian State by oil companies and mining companies to exploit non-renewable resources. Destined to solve basic needs of the departments and municipalities such as basic education, drinking water, health and financing projects that are reflected for the growth of the region. In our Political Charter, article 360, modified by Legislative Act 5 of 2011, will say that the exploitation of this non-renewable natural resource will cause in favor of the State an economic consideration, as a royalty. This law will determine the conditions for such exploitation of these non-renewable resources. The control and monitoring of the correct use of these resources is entrusted to the National Planning Directorate with the National Royalty Fund with the support of the Advisory Council of the National Royalty Fund. Article 152 of Law 1530 of May 17, 2012, in accordance with Decree 1539 of July 17, 2012, grants the Office of the Comptroller General of the Republic surveillance and fiscal control over the resources of the General Royalty System. With the new Royalties system, a better distribution of resources is made in benefit of the population's quality of life. Key Words: Royalties, Social Rule of Law, Fiscal Control, Responsibility