1. An institution shall be established by law which shall have as task to supervise the expenditure of state finances as well as to control the management of government means in the broadest sense shall be created by law.
2. Supervision and control shall be exercised on the justification as well as on the effectiveness of the expenditure and management of the state finances.
The chairman, the members and the deputy members are appointed by the President for a period of five years, on proposal of the National Assembly.
The organ mentioned in article 149 shall periodically, however at least once per year, report on the supervision it exercises to the National Assembly, the Council of State and the Government. The report shall be made public.
Other matters pertaining to the composition, the organization and the authority of this organ, shall be regulated by law.