This article is the product of research on the project named Bicentenario Constitucional Colombiano 1810 � 2010, guide for the management of the finances of the State. The article presents, in a descriptive and analytic way, the constitutional clauses of the 1886 political constitution, and its reforms thorough 1936. This article includes the State�s resources management since late nineteenth century to the beginning of the twentieth century, period which most relevant reforms were the intervention of the State in the economy, the implementation of a yearly State budget, the establishment of monopolies, and the restrictive condition of the Budget.