diff --git a/app/controllers/admin/budgets_controller.rb b/app/controllers/admin/budgets_controller.rb
new file mode 100644
index 000000000..a2f92a39e
--- /dev/null
+++ b/app/controllers/admin/budgets_controller.rb
@@ -0,0 +1,9 @@
+class Admin::BudgetsController < Admin::BaseController
+
+  has_filters %w{open finished}, only: :index
+
+  def index
+    @budgets = Budget.send(@current_filter).order(created_at: :desc).page(params[:page])
+  end
+
+end
diff --git a/app/views/admin/budgets/index.html.erb b/app/views/admin/budgets/index.html.erb
new file mode 100644
index 000000000..193b6a7ef
--- /dev/null
+++ b/app/views/admin/budgets/index.html.erb
@@ -0,0 +1,25 @@
+<h2 class="inline-block"><%= t("admin.budgets.index.title") %></h2>
+
+<%= link_to t("admin.budgets.index.new_link"),
+            new_admin_budget_path,
+            class: "button float-right margin-right" %>
+
+<%= render 'shared/filter_subnav', i18n_namespace: "admin.budgets.index" %>
+
+
+<h3><%= page_entries_info @budgets %></h3>
+
+<table>
+  <% @budgets.each do |budget| %>
+    <tr id="<%= dom_id(budget) %>" class="budget">
+      <td>
+        <%= link_to budget.name, admin_budget_path(budget) %>
+      </td>
+      <td class="small">
+        <%= t("budget.phase.#{budget.phase}") %>
+      </td>
+    </tr>
+  <% end %>
+</table>
+
+<%= paginate @budgets %>
\ No newline at end of file
diff --git a/config/locales/activerecord.en.yml b/config/locales/activerecord.en.yml
index 07791e53c..5a7a591bd 100644
--- a/config/locales/activerecord.en.yml
+++ b/config/locales/activerecord.en.yml
@@ -4,6 +4,9 @@ en:
       activity:
         one: "activity"
         other: "activities"
+      budget:
+        one: "Participatory budget"
+        other: "Participatory budgets"
       comment:
         one: "Comment"
         other: "Comments"
diff --git a/config/locales/activerecord.es.yml b/config/locales/activerecord.es.yml
index d5b7f0005..ccd0240e8 100644
--- a/config/locales/activerecord.es.yml
+++ b/config/locales/activerecord.es.yml
@@ -4,6 +4,9 @@ es:
       activity:
         one: "actividad"
         other: "actividades"
+      budget:
+        one: "Presupuesto participativo"
+        other: "Presupuestos participativos"
       comment:
         one: "Comentario"
         other: "Comentarios"
diff --git a/config/locales/admin.en.yml b/config/locales/admin.en.yml
index 2f73f64d8..7d32e3291 100755
--- a/config/locales/admin.en.yml
+++ b/config/locales/admin.en.yml
@@ -60,6 +60,13 @@ en:
           on_users: Users
         title: Moderator activity
         type: Type
+    budgets:
+      index:
+        title: Participatory budgets
+        new_link: Create new
+        filters:
+          open: Open
+          finished: Finished
     comments:
       index:
         filter: Filter
@@ -96,6 +103,7 @@ en:
       activity: Moderator activity
       admin: Admin menu
       banner: Manage banners
+      budgets: Participatory budgets
       debate_topics: Debate topics
       hidden_comments: Hidden comments
       hidden_debates: Hidden debates
diff --git a/config/locales/admin.es.yml b/config/locales/admin.es.yml
index 5aada1ce1..c5f0df247 100644
--- a/config/locales/admin.es.yml
+++ b/config/locales/admin.es.yml
@@ -58,6 +58,13 @@ es:
           on_users: Usuarios
         title: Actividad de los Moderadores
         type: Tipo
+    budgets:
+      index:
+        title: Presupuestos participativos
+        new_link: Crear nuevo
+        filters:
+          open: Abiertos
+          finished: Terminados
     comments:
       index:
         filter: Filtro
@@ -94,6 +101,7 @@ es:
       activity: Actividad de moderadores
       admin: Menú de administración
       banner: Gestionar banners
+      budgets: Presupuestos participativos
       debate_topics: Temas de debate
       hidden_comments: Comentarios ocultos
       hidden_debates: Debates ocultos
diff --git a/config/locales/en.yml b/config/locales/en.yml
index 05153d714..fae75307f 100755
--- a/config/locales/en.yml
+++ b/config/locales/en.yml
@@ -33,6 +33,13 @@ en:
   application:
     close: Close
     menu: Menu
+  budget:
+    phase:
+      on_hold: On hold
+      accepting: Accepting proposals
+      selecting: Selecting
+      balloting: Balloting
+      finished: Finished
   comments:
     comment:
       admin: Administrator
diff --git a/config/locales/es.yml b/config/locales/es.yml
index 9391da3bf..282340395 100755
--- a/config/locales/es.yml
+++ b/config/locales/es.yml
@@ -33,6 +33,13 @@ es:
   application:
     close: Cerrar
     menu: Menú
+  budget:
+    phase:
+      on_hold: Pausa
+      accepting: Aceptando propuestas
+      selecting: Fase de selección
+      balloting: Fase de Votación
+      finished: Terminado
   comments:
     comment:
       admin: Administrador
diff --git a/config/routes.rb b/config/routes.rb
index 22518f8c8..8cf94ea23 100644
--- a/config/routes.rb
+++ b/config/routes.rb
@@ -153,6 +153,13 @@ Rails.application.routes.draw do
       get :summary, on: :collection
     end
 
+    resources :budgets do
+      resources :budget_groups do
+        resources :budget_headings do
+        end
+      end
+    end
+
     resources :banners, only: [:index, :new, :create, :edit, :update, :destroy] do
       collection { get :search}
     end
diff --git a/db/schema.rb b/db/schema.rb
index ee5b3ab6f..df58b15cb 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -210,10 +210,10 @@ ActiveRecord::Schema.define(version: 20160617172616) do
     t.string   "visit_id"
     t.datetime "hidden_at"
     t.integer  "flags_count",                             default: 0
-    t.datetime "ignored_flag_at"
     t.integer  "cached_votes_total",                      default: 0
     t.integer  "cached_votes_up",                         default: 0
     t.integer  "cached_votes_down",                       default: 0
+    t.datetime "ignored_flag_at"
     t.integer  "comments_count",                          default: 0
     t.datetime "confirmed_hide_at"
     t.integer  "cached_anonymous_votes_total",            default: 0
diff --git a/spec/features/admin/budgets_spec.rb b/spec/features/admin/budgets_spec.rb
new file mode 100644
index 000000000..8326a5dac
--- /dev/null
+++ b/spec/features/admin/budgets_spec.rb
@@ -0,0 +1,79 @@
+require 'rails_helper'
+
+feature 'Admin budgets' do
+
+  background do
+    admin = create(:administrator)
+    login_as(admin.user)
+  end
+
+  context "Feature flag" do
+
+    xscenario 'Disabled with a feature flag' do
+      Setting['feature.budgets'] = nil
+      expect{ visit admin_budgets_path }.to raise_exception(FeatureFlags::FeatureDisabled)
+    end
+
+  end
+
+  context "Index" do
+
+    scenario 'Displaying budgets' do
+      budget = create(:budget)
+      visit admin_budgets_path
+
+      expect(page).to have_content(budget.name)
+      expect(page).to have_content(I18n.t("budget.phase.#{budget.phase}"))
+    end
+
+    scenario 'Filters by phase' do
+      budget1 = create(:budget)
+      budget2 = create(:budget, :accepting)
+      budget3 = create(:budget, :selecting)
+      budget4 = create(:budget, :balloting)
+      budget5 = create(:budget, :finished)
+
+      visit admin_budgets_path
+      expect(page).to have_content(budget1.name)
+      expect(page).to have_content(budget2.name)
+      expect(page).to have_content(budget3.name)
+      expect(page).to have_content(budget4.name)
+      expect(page).to_not have_content(budget5.name)
+
+      click_link "Finished"
+      expect(page).to_not have_content(budget1.name)
+      expect(page).to_not have_content(budget2.name)
+      expect(page).to_not have_content(budget3.name)
+      expect(page).to_not have_content(budget4.name)
+      expect(page).to have_content(budget5.name)
+
+      click_link "Open"
+      expect(page).to have_content(budget1.name)
+      expect(page).to have_content(budget2.name)
+      expect(page).to have_content(budget3.name)
+      expect(page).to have_content(budget4.name)
+      expect(page).to_not have_content(budget5.name)
+    end
+
+
+    scenario "Current filter is properly highlighted" do
+      filters_links = {'open' => 'Open', 'finished' => 'Finished'}
+
+      visit admin_budgets_path
+
+      expect(page).to_not have_link(filters_links.values.first)
+      filters_links.keys.drop(1).each { |filter| expect(page).to have_link(filters_links[filter]) }
+
+      filters_links.each_pair do |current_filter, link|
+        visit admin_budgets_path(filter: current_filter)
+
+        expect(page).to_not have_link(link)
+
+        (filters_links.keys - [current_filter]).each do |filter|
+          expect(page).to have_link(filters_links[filter])
+        end
+      end
+    end
+
+  end
+end
\ No newline at end of file