The Budget Bill For The Year 2000

Original Language Title: Ley del Presupuesto para el año 2000

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

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 meeting of December 21, 1999, corresponding to the fourth regular session of the fifth 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 (, in relation to article 20 of the Decree Law 192 of the Administration Finance of the State, on April 8, 1999, has prepared and submitted the draft of State budget for the year 2000, to the consideration of the National Assembly of the Popular power for discussion and approval, as established in section 75, subsection e) the aforementioned constitutional text and the referred decree-law.

FOR: The proposed project meets the general directives issued, underpinning in order to continue to strengthen Fiscal policy and keep domestic finance, at levels appropriate to the current conditions of our economy, and responds to the programs of State priority through a fair and equitable distribution of the financial resources.

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 90 law of the budget of the State for the year 2000 article 1.-the State budget for the year 2000, which is stated in the following articles shall be applicable from the first of January until 31 December of the year 2000.

Article 2.-The State budget for the year 2000, is made up of the following income and expenses ordinary: millions of PESOS income tax 10551.0 non-tax 2974.0 Total of 13525.0 of the total income: income from Capital 455.0 TOTAL income streams 13070.0 expenses current expenses for the 9166.0 budgeted activity for financial transfers to the 2714.0 productive Sector for operations 500.0 reserve 190.0 expenses TOTAL current 12570.0 surplus on operations currents 500.0 1700.0 investments less expenses : 455.0 1245.0 Capital revenue DEFICIT (745,0) article 3.-the Budget Deficit does not may be increased by decisions not previously approved by the National Assembly of people's power or by the Council of State.

The costs arising from the approval of laws or decrees - laws, enacted during the current fiscal year, will be incorporated into the current budget. When such laws or decrees - laws generate expenses that can not be assumed with the reserve created, you must specify in this legislation, new sources of funding to cover the imbalance.

  Article 4.-Will ensure, first and foremost, resources for productions and services that are the most significant sources of income provided for in the budget for the year 2000.

 Article 5.-The Central budget for the year 2000, will be integrated by the following income and expenses: Total weights 6943.4 tax revenues non-tax 2032.9 million of income 8976.3 of the Total income of Capital 421.6 income streams 8554.7 Total expenditure flows to the 3047.2 budgeted activity for transfer to the productive Sector 2700.2 to financial operations 500.0 reserve 168.4 Total current expenditure 6415.8 surplus on operations flows 2138.9 1142.7 investments less expenses : 721.1 421.6 Capital revenue surplus budget CENTRAL 1417.8 less: transfers to the budget of the SEC. Social 620.0 transfers to Invers. of the budget. Local 557.3 grants to 985.5 local budgets DEFICIT (745.0) article 6.-from the Central budget will be transferred financial resources to subsidize losses to state-owned enterprises subordinated to the agencies of the Central Administration of the State up to the limit set in this law and whose detail is attached, forming an integral part of it.

 Article 7.-Bodies and agencies shall require its business programmes to reduce costs, ensure the planned levels of production, improve the quality of products and services and rationally use the material, human and financial resources controlling the strict fulfilment of the concerned programmes.

 Article 8.-the Central budget will be transferred the necessary resources to the budget of the Social Security to cover the imbalance between revenues obtained by the contribution that legal persons, as set out in articles 53 and 54 of the 73 law, of the tax system, date 5 August 1994 are required and costs incurred the State to guarantee pensions and retirement prescribed in law 24 By Social Security, dated 28 August 1979 and provisions issued to this effect.


Article 9.-The Social security budget will be integrated by the following income and expenses: millions of PESOS income ·      Contribution to the Social Security 1180.0 ·      Transfers from the Central budget 620.0 expenses 1800.0 article 10.-establishing the Fourteen percent (14 percent) as the rate of contribution to Social Security referred to in articles 53 and 54 of the Act No. 73, tax system, dated 5 August 1994, organs and bodies of the State, enterprises, unions of companies budgeted units and other government entities; the basic units of cooperative production, political, social and mass organizations, as well as enterprises subordinate to such organizations, only enter the budget the twelve percent (12%) of the rate referred to in the preceding paragraph.

The two per cent (2 per cent) remaining of the referred type, will be at the disposal of the abovementioned entities, obliged to contribute for this concept, which go towards the payment of the social security benefits for short-term workers that linked them, as it is regulated by the Ministry of finance and prices.

The rest of the entities not listed above will continue providing for the tax rate established for each case.

Article 11.-Budgets provincial and Isla de la Juventud special municipality, will receive a share of that budget revenues, the Central budget in the following indexes: two per cent (2 per cent) of participation: City of the Havana ten per cent (10 per cent) of participation: Villa Clara, Cienfuegos, Ciego de Avila and the island of the youth fifteen special municipality per cent (15 per cent) of participation : Pinar del Rio, Havana, Matanzas, Sancti Spíritus, Camaguey, Holguin and Santiago de Cuba twenty per cent (20 per cent) of participation: Las Tunas, Granma and Guantanamo article 12.-of the budget Central will be transferred to provincial budgets and the budget of the special municipality of Isla de la Juventud, the required subsidy to cover the imbalance between participatory and assigned revenues and current expenditures to ensure economic and social development of the territories. The limit to subsidise is the following: millions of PESOS Pinar del Rio 90.5 47.1 Havana Matanzas 42.4 Villa Clara 59.8 Cienfuegos 28.5 Sancti Spiritus 64.9 Ciego de Avila 22.6 Camagüey 84.9 83,7 Tunas 100,7 Holguin Granma 140.0 Santiago de Cuba 125.4 Guantanamo 107.7 Isle of youth 21.4 empowers the Ministry of finance and prices for within the limit maximum total for the whole of the territories, can carry out reassignments between provinces by duly substantiated circumstances to secure the financial needs for economic and social development.

 Article 13.-Authorizing the Ministry of finance and prices that evaluate and apply the necessary procedures that will ensure a more equitable distribution of revenues between the Central budget and provincial budgets and the special municipality of Isla de la Juventud, in correspondence with the development of each territory and the tasks and programmes economic and social to them entrusted.

 Article 14.-The provincial assemblies of people's power will determine the transfers to the budget of the province be carried out municipal budgets to cover imbalances between participatory and transferred income and running expenses.

 Article 15.-The Board of Directors of the local organs of people's power, will continue to work to improve the result between revenues and current expenditures from local budgets.

 Article 16.-the Central budget will be transferred to provincial budgets the financing needed for the implementation of the investment plan which, at the beginning of the year, approved by the Ministry of economy and planning, once deducted the amount of capital income and other resources, decentralized companies of local subordination.

Moreover, the budget of each province be transferred, under the same conditions, municipal budgets, appropriate financing for their investments.

 Article 17.-The national Office of tax administration will organize and will continue applying the actions needed to ensure greater discipline in the timely payment of taxes and other resources, both individuals and companies, in order to ensure the revenue provided under the budget of the State, strengthening the audit and inspection.

Similarly, other bodies and agencies will strengthen and will enhance its inspection work to combat the illegal exercise of production activities and services, thus contributing to greater social discipline and the increase of revenues of the State.


PROVISIONS to end first: The Ministry of finance and prices is authorized to distribute and allocate the budget approved every organ and body of the State, as well as organizations and associations linked to the Central budget and to set spending with managerial character limits.


Second: The Ministry of finance and prices is responsible for the Administration and control of the implementation of the budget of the State, which may dictate how many supplementary provisions are necessary for the better enforcement of the provisions of this law.


Third: 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 this law.


Fourth: 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 2000.



GIVEN in the Chamber of the National Assembly of the Popular power, Palacio de las Convenciones, in the city of Havana, at twenty-one days of the month of December in the year one thousand nine hundred and ninety-nine.

Annex limit maximum losses to subsidize agencies of the CENTRAL administration of the State millions of PESOS bodies Ministry of the industry sugar 350.0 160.0 Agriculture Ministry 15.0 basic industry Ministry Ministry of fisheries 18.0 industry Ministry of industry light 13.0