The Budget Committee is formed by the House as its standing complementary organ. The composition of membership of the Budget Committee is determined by the House in a Plenary Meeting at the beginning of House term of office and at the beginning of the Session Year, Members of the Budget Committee consist of representatives of all Commissions elected by the commissions with due observance of the proportion of the number of Members and motions presented by factions. 

The Budget Committee has the task of holding deliberations on State Revenues and 'Expenditures Budget. In performing its tasks, the Budget Committee: may hold Working Meetings with the President, who can be represented by a Minister; hold Hearings and Public Hearings, both at the request of the Budget Committee and other parties; as well as conduct consultation with the Regional Representative Council (DPD).