The State Budget Law For The Year 2007

Original Language Title: Ley del Presupuesto del Estado para el año 2007

Read the untranslated law here: http://www.parlamentocubano.cu/?documento=ley-del-presupuesto-del-estado-para-el-ano-2007

RICARDO ALARCÓN DE QUESADA, President of the Assembly national of the power people of the Republic of Cuba.

I do know: That the Assembly national of the power people of the Republic of Cuba, at the session of December 22, 2006, corresponding to the eighth regular session of the sixth legislature, has approved the following: whereas: Council of Ministers, in accordance with the provisions of article 98, paragraph e), of the Constitution of the Republic (, and in article 20 of Decree-Law No 192 of the financial administration of the State, dated 8 April 1999, has developed and presented the draft of State budget for the year 2007, for consideration by the National Assembly of people's power, as established in section 75, subsection e) of the Constitution.

AS: The project financially supports all programs prioritized the development economic and social of the country in the year 2007, as a reflection of the policy of the State and the will of our people, improve the work undertaken since the revolutionary triumph, with the purpose of improving their quality of life in correspondence increasingly with the recovery sustained the Cuban economy.

POR_TANTO: The National Assembly of the Popular power, in exercise of the powers which are conferred in section 75, subsection b) of the Constitution of the Republic, according to dictate the following: law NO. 102 law of the budget of the State for the year 2007 article 1.-the State budget for the fiscal year 2007, as it is stated in the following articles, runs from the first of January of the year 2007 through the thirty-one of December of the same year.

Article 2.-The State budget for the year 2007 is composed by following current expenditures and revenues: million PESOS revenue net total 39 528.3 tax 26 836.0 non-tax 13022.3 less: total returns (330.0): Capital 971.1 income revenue streams 38 557.2 440.3 41 total expenses expenses 723.0 35 streams for activity budgeted 28 640.4 for transfers to the business 5 082.6 for financial operations 2 000.0 surplus in current operations 2 834.2 expenses 817.3 4 capital less: Capital income (971.1) DEFICIT in CAPITAL operations (3 846.2) Provision for disaster 300.0 book 600.0 DEFICIT (1 912.0) article 3.-the budget deficit has the character of Max. When very exceptional reasons justify an increase of the budget deficit approved, will require prior authorization from the State Council, reporting that in his day, the National Assembly of people's power, for approval.

Article 4.-Bodies and agencies shall take measures ensuring that enterprises and budgeted units which are subordinated to them, promptly fulfil their obligations with the State budget and that, through the more rational use of material, human and financial resources available, strictly to match levels of budgetary expenditure which will be notified to them by the Ministry of finance and prices; they will control and evaluated monthly on its boards of direction the fulfillment of approved expenditure and revenue budgets and decide promptly the actions that correspond to avoid breaches of income and excess of expenses and, therefore, in each case affectations and needs for additional financial resources.

Article 5 - The Central budget for the year 2007, is conformed by income and expenditure following: million PESOS revenue net total 26 534.1 tax 15 163.5 non-tax 11 530.4 less: total returns (159.8): Capital income 971.1 income flows 25 563.0 488.9 25 total expenses expenses 801.4 19 streams for activity budgeted 12 724.4 for transfers to the business 5 077.0 for financial operations 2 000.0 surplus in current operations 5 761.6 expenses of 817.3 4 CAPITAL less: Capital income (971.1) DEFICIT in CAPITAL operations (3 846.2) PROVISION for 300.0 disaster book 600.0 surplus budget CENTRAL 1 045.2 less: transfers from the Social security budget 1 613.5 grants to local budgets 1 343.7 DEFICIT (1 912.0) article 6.-in the Central budget was nominalizan 720.0 million pesos to finance the losses of State-owned enterprises of national subordination provincial and municipal. The granting of the finance company, up to the limit of the global framework adopted, is decided by the benefits financial evaluation Committee, chaired by the Ministry of finance and prices, taking into account opinions emitting about every business needs maximum heads of the organs and agencies of the State and territorial commissions.

For this purpose, heads of the organs and bodies of the State should be based to the Ministry of finance and prices their demands by each company to subsidize losses in previous years or fiscal year underway. The financial resources that are approved to transfer by the concerned Committee are reported as a directive, as the limit of expenses and specific purpose by the Ministry of finance and prices to each organ or agency of the State, as appropriate.

Article 7.-the Central budget are transferred the necessary resources from the Social security budget to cover the excess of expenditures the State incurred to secure benefits, pensions, and retirement prescribed in the Act, the income obtained by the contribution they are forced legal and natural persons as set out in articles 53 54 and 56 of law No. 73, tax system, dated 5 August 1994.

Article 8.-the budget of the Security Social is formed by them income and expenses running following: million of PESOS income 3 900.0 contribution to it security Social 2 286.5 transfers of the budget Central 1 613.5 expenses 3 900.0 article 9.1.-is sets, for the exercise fiscal 2007, the Fourteen percent (14 percent) as type tax of the contribution to it security Social to is refer them articles 53 and 54 of the law not. 73 , Tax system, dated 5 August 1994.
Them organs and agencies of the State, organizations top of address business, companies state, unions of companies, units budgeted and others entities State, them units basic of production cooperative, organizations political, social and of masses, as well as them entities subordinate to such organizations, enter to the budget of the State the twelve and half percent (12.5 percent) of the type tax to is concerns the paragraph previous.
The one and a half percent (1.5 percent) remaining, is at the disposal of the abovementioned entities obliged to contribute for this concept, that intended it to pay the social security benefits short term workers who are linked to them.
The rest of the entities not listed above provide the tax rate established for each case.
Article 10.-is sets the five percent (5 percent) as type tax of it contribution special to it security Social for them workers that working in entities incorporated to the improvement business and in them activities of the fleet of platform, as well as in others that is approved during the execution of the exercise fiscal 2007, of conformity with it established in the article 56 of the law not. 73 The tributary system, dated 5 August 1994, and resolution No. 247, on October 25, 2005, the Ministry of finance and prices.

Article 11.-Budgets provincial and Isla de la Juventud special municipality receive a participation in revenues of the Central budget, to cover up to thirty per cent (30 per cent) of its current expenditure of budgeted activity, calculated based on circulation taxes and sales and tax national subordination firms located in their territories. Participation percentages are as follows: percentages Pinar del Rio 41.8 41.1 Havana Havana City 21.9 47.2 Matanzas Villa Clara 41.3 Cienfuegos 48.1 Sancti Spiritus 51.5 Ciego de Ávila 46.7 48.0 Camagüey 61.6 Tunas Holguin 42.1 Granma 58.0 Santiago de Cuba 60.5 Guantanamo 94.6 island of the youth 67.2 article 12.1.-Central budget is transferred to the provincial budgets and the special municipality of Isla de la Juventud , the subsidy to cover the excess of current expenditures approved on participatory and assigned revenues planned, necessary to ensure sustainable economic and social development of the territories. The threshold to subsidize in each budget is as follows: millions of PESOS pine forest of the river 32.0 Villa Clara 49.9 Cienfuegos 53.8 Sancti Spiritus 75.1 Ciego de Ávila 22.1 Camagüey 103.7 157.4 Tunas 203.5 Holguin Granma 283.9 Santiago de Cuba 290.5 Guantanamo 213.3 island the 10.4 youth the provinces of La Habana, Ciudad de La Habana and Matanzas , who plan surplus by 15.0, 121.8 and 15.1 million pesos, respectively, bring them to the Central budget, deadlines and amounts fixed by the Ministry of finance and prices.
It empowers the Ministry of finance and prices so that, within the limit maximum total grant from the Central budget to local budgets set, perform reallocation between provinces, by circumstances duly informed, to secure the financial needs for economic and social development of the territories.

Article 13.-The Central budget allocated to provincial budgets, and Isla de la Juventud special municipality, through transfers of specific target, the financial resources needed to support the decisions of the State during the fiscal year, which increase levels of spending approved in their budgets, provided that these can not be covered with cost savings.

Article 14.-The assemblies provincials of the Popular power determine, as appropriate, for each of its municipalities, the percentages of participation in the concepts of revenue in the Central budget have been established, ensuring that as a whole every provincial budget meets the participation established in article 11 of this law.
When the income receiving for participation in a municipality are not sufficient to cover thirty per cent (30 per cent) of its current expenditure of budgeted activity, the assemblies provincials of the people assigned the transfer required to cover this ratio.
Article 15.-Las assemblies provincials of the Popular power set maximum transfers of the provincial budget to municipal budgets per grant, to cover the excesses of current expenditure approved planned transferred and equity income.

Article 16.-the Central budget is transferred funding for Capital costs to provincial budgets, in accordance with the decisions taken in the course of the fiscal year and then approved the Investment Plan by the Ministry of economy and planning. The budget of each province is assigned to municipal budgets, funding that corresponds.

Article 17.-The bodies of the Central Administration of the State and the advice of the administration of the provincial assemblies and municipal of the power Popular, approve and check the compliance of programmes for budgetary verification entities that are subordinate to them, to ensure the fulfillment of planned revenues to the State budget and the efficient and effective use of budgetary resources allocated, budgeted units , in accordance with established for this purpose by the Ministry of finance and prices.

Article 18.1 - The national Office of tax administration organizes and performs the necessary actions to ensure greater discipline in the timely payment of taxes and other non-tax revenues, both individuals and companies, in order to ensure the financial resources provided for in the budget of the State, strengthening tax audits and inspections.
The organs and agencies of the State, should strengthen and improve its work to combat the illegal practice, by legal persons and natural, productive activities and services, contributing to greater social discipline and the increase of the income of the State.
 

ONLY special provision: The Ministry of finance and prices, such as organization of the Central Administration of the State and rector of public finance in the country, will dictate how many supplementary provisions are necessary for the better enforcement of the provisions of this law.

 

PROVISIONS late first: the Ministry of finance and prices is authorized, on the base of the total of income and of expenses of the budget 2007, established by this law in its article 2, to notify the budget of income and of expenses set to each organ and organism of the State, as well as to them organizations and associations linked to the budget Central, setting them limits of expenses with character steering that correspond and applying them procedures of allocation execution and control that ensure increased efficiency in the budgetary implementation process.

Second: them organs and agencies of the State, as well as the organizations and associations linked to the budget Central, starting of them budgets of expenses notified by the Ministry of finance and prices, reported and disaggregate them same in their respective systems, and ensure, through the use rational of them resources financial in them activities budgeted and greater levels of efficiency economic in them activities business that budgeted units and enterprises comply with assigned spending limits, unless the planned levels of production and services affect, essentially.

Third: The leaders maximum of the organs and agencies of the State, enterprises and units budget - you give to them subordinated and of organizations, associations and other institutions related to the budget, are responsible for the Administration and control of the implementation of the budgets that are notified by the Ministry of finance and prices, as established by the first Final provision of this law , and are in the obligation of adjust is in its execution to the limits that is them established.

Fourth: The Ministry of finance and prices can only modify the budget reported as the limit to the bodies and agencies, and organizations and associations linked to the Central budget, when the increase of the same responds to decisions of the Council of State and the Council of Ministers not foreseen in the planning process.

Fifth: Is it delegated to the Ministry of finance and prices so that, during the execution of the State budget, making the adjustments in the different areas of expenses and income, arising from decisions of the Council of State and the Council of Ministers, provided that does not increase the Budget Deficit set in article 2 of this law.

Sixth: Are they repealed many laws and regulatory provisions is contrary to provisions of this law, which will begin to run from the first of January of the year 2007.

GIVEN in the Chamber of the National Assembly of the Popular power, Palacio de las Convenciones, in the city of Havana, to the 22 days of the month of December of the year 2006.