Document: The Budget Law for the year 2000
Type of document: Law
Date of issue: 21/12/1999
Number of Legal Instrument: Law No 89
Broadcaster: National Assembly of People's Power
Date of entry to the repository: 18/05/2016
Source:
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RICARDO ALARCON DE QUESADA , President of the National Assembly of the People's Power of the Republic of Cuba.
I DO KNOW That the National Assembly of the People's Power of the Republic of Cuba, at the session of 21 December 1999, corresponding to the Fourth Regular Session of the Fifth Legislature, has approved the following:
AS REGARDS : The Council of Ministers, in compliance with the provisions of Article 98 (e) of the Constitution of the Republic, in conjunction with Article 20 of Decree Law 192 of the State Financial Administration, dated April 8, 1999, prepared and presented the Draft State Budget for the year 2000, to the consideration of the National Assembly of People's Power for discussion and approval, as set out in article 75 (e) of the aforementioned constitutional text and the Decree Law.
AS REGARDS : The draft submitted satisfies the general directives issued, which are based on the purpose of continuing to strengthen the Fiscal Policy and maintain internal finances, at levels appropriate to the current conditions of our economy, and In response to the state priority programmes through a fair and equitable distribution of financial resources.
FOR TANK : The National Assembly of People's Power, in use of the powers conferred upon it in Article 75 (b) of the Constitution of the Republic, agrees to issue the following:
LAW 90
THE LAW OF THE STATE BUDGET FOR THE YEAR 2000
ARTICLE 1.-The State Budget for the year 2000, which is stated in the following articles, shall be governed from the first of January until 31 December 2000.
ARTICLE 2.-The State Budget for the year 2000 is composed of the following revenue and expenditure:
MILLIONS OF PESOS
| REVENUE | ||
| Tributaries | 10551.0 | |
| Non-tributaries | 2974.0 | |
| Total Revenue | 13525.0 | |
| Of the total: Capital income | 455.0 | |
| TOTAL CURRENT REVENUE | 13070.0 | |
| EXPENDITURE | ||
| Current expenditure | ||
| For the Budget Activity | 9166.0 | |
| For Transfers to the Productive Sector | 2714.0 | |
| For Financial Operations | 500.0 | |
| Reserve | 190.0 | |
| TOTAL CURRENT EXPENDITURE | 12570.0 | |
| SURPLUS IN CURRENT OPERATIONS | 500.0 | |
| Expenditure on Investment | 1700.0 | |
| Less: Capital Revenue | 455.0 | 1245.0 |
| DEFICIT | (745, 0) |
Article 3.-The budget deficit may not be increased by decisions that have not been previously approved by the National Assembly of People's Power or by the State Council.
The expenses resulting from the approval of laws or decrees-laws, enacted during the present fiscal year, will be incorporated into the current budget. When such laws or decrees-laws generate expenses that cannot be assumed with the created reserve, the new sources of financial resources to cover that imbalance must be specified in those legislations.
Article 4.-The resources for the production and services that constitute the most significant sources of the revenue provided for in the budget for the year 2000 will be secured, as a priority.
ARTICLE 5.-The Central Budget for the year 2000 shall be composed of the following revenue and expenditure:
MILLIONESOS PESOS
| REVENUE | ||
| TRIBUTARIES | 6943.4 | |
| NON-TRIBUTARIES | 2032.9 | |
| Total Revenue | 8976.3 | |
| Of the Total | ||
| Capital Revenue | 421.6 | |
| Total Current Revenue | 8554.7 | |
| EXPENDITURE | ||
| CURRENT | ||
| For the Budget Activity | 3047.2 | |
| For the Transfer to the Productive Sector | 2700.2 | |
| For Financial Operations | 500.0 | |
| Reserve | 168.4 | |
| Total Current Expenditure | 6415.8 | |
| SURPLUS IN CURRENT OPERATIONS | 2138.9 | |
| Investment expenditure | 1142.7 | |
| Less: Capital Revenue | 421.6 | 721.1 |
| SURPLUS CENTRAL BUDGET | 1417.8 | |
| Less: Transfers to the Seg Budget. Social | 620.0 | |
| Transfers for Invers. of the Presup. Local | 557.3 | |
| Grants to local budgets | 985.5 | |
| DEFICIT | (745.0) |
ARTICLE 6.-From the Central Budget, financial resources shall be transferred to subsidize losses to the state enterprises subordinated to the agencies of the Central Administration of the State up to the limit set in this Law and the detail of which is annexed, forming an integral part of it.
ARTICLE 7.-The organs and agencies will require their companies to develop programs to reduce costs, to ensure planned production levels, to raise the quality of products and services, and to use resources rationally. materials, human and financial control of the strict compliance of these programs.
ARTICLE 8.-From the Central Budget, the necessary resources will be transferred to the Social Security Budget to cover the imbalance between the income obtained by the contribution to which the legal persons are obliged, according to Article 53 and 54 of Law 73, of the Tax System, dated August 5, 1994, and the expenses incurred by the State to guarantee pensions and pensions prescribed in Law 24, of Social Security, dated August 28, 1979 and other provisions laid down for this purpose.
ARTICLE 9.-The Social Security Budget shall consist of the following revenue and expenditure:
MILLIONS OF PESOS
| REVENUE | |
| -Contribution to Social Security | 1180.0 |
| -Transfers of the Central Budget | 620.0 |
| EXPENDITURE | 1800.0 |
Article 10. 14 percent (14 percent) is established as a tax rate for the contribution to Social Security referred to in Articles 53 and 54 of Law No. 73 of the Tax System dated August 5, 1994,
The organs and agencies of the State, enterprises, associations of undertakings, budgeted units and other State entities; the basic units of cooperative production, political, social and mass organizations, as well as the subordinate enterprises such organisations shall only enter the budget of 12% (12%) of the tax rate referred to in the preceding paragraph.
The remaining two per cent (2 per cent) of the said type will be made available to the above mentioned entities, which are obliged to contribute to this concept, which will be used for the payment of the short-term social security benefits of the workers who are linked to them, as regulated by the Ministry of Finance and Prices.
The remaining entities not mentioned above will continue to contribute to the tax rate established for each case.
ARTICLE 11.-The provincial and special municipality budgets of the Isle of Youth, will receive from the Central Budget a share of the revenue of that budget, in the following indices:
Two percent (2 percent) share:
Ciudad de la Habana
Ten percent (10 percent) share:
Villa Clara, Cienfuegos, Ciego de Avila and the Special Municipality Isle of Youth
Fifteen percent (15 percent) of participation:
Pinar del Rio, Havana, Matanzas, Sancti Spiritus, Camaguey, Holguin and Santiago de Cuba
Twenty per cent (20 per cent) share:
The Tunas, Granma and Guantanamo
ARTICLE 12.-The Central Budget will be transferred to the provincial budgets and to the budget of the special municipality of Isla de la Juventud, the subsidy necessary to cover the imbalance between the revenue and the participative and the expenses to ensure the economic and social development of the territories. The ceiling to be subsidised is as follows:
MILLIONS OF PESOS
| Pinar del Rio | 90.5 | ||||||
| Havana | 47.1 | ||||||
| Slaughter | 42.4 | ||||||
| Villa Clara | 59.8 | ||||||
| Cienfuegos | 28.5 | ||||||
| Sancti Spiritus | 64.9 | ||||||
| Ciego de Avila | 22.6 | ||||||
| Camaguey | 84.9 | ||||||
| The Tunas | 83.7 | ||||||
| Holguin | 100.7 | ||||||
| Granma | 140.0 | ||||||
| Santiago de Cuba | 125.4 | ||||||
| Guantanamo | 107.7 | ||||||
| Island of Youth | 21.4 | ||||||
The Ministry of Finance and Prices are empowered to allow, within the total ceiling of the whole of the territories, reallocations between provinces due to circumstances that are duly substantiated to guarantee the needs Financial aid for economic and social development.
ARTICLE 13.-The Ministry of Finance and Prices are authorized to evaluate and implement the necessary procedures to ensure a more equitable distribution of income between the Central Budget and the provincial and municipal budgets. The Committee of the European People's Committee on Youth, Education and the Media, in correspondence with the development of each territory and the economic and social tasks and programmes entrusted to them.
ARTICLE 14.- The provincial assemblies of the People's Power will determine the transfers from the province's budget to the municipal budgets to cover the imbalances between their assigned and participatory income and their current expenses.
ARTICLE 15.-The boards of the local organs of the People's Power will continue to work to improve the income between the income and the running costs of the local budgets.
ARTICLE 16.-From the Central Budget, the financing necessary for the implementation of the investment plan will be transferred to the provincial budgets, which, at the beginning of the year, will be approved by the Ministry of Economy and Planning, once the the amount of capital income and other decentralised resources to local subservient enterprises.
On the other hand, the budget of each province will be transferred, under the same conditions, to the municipal budgets, the corresponding financing for their investments.
Article 17. The Office of the National Tax Administration will organize and continue to apply the necessary actions to ensure the greatest discipline in the timely payment of taxes and other resources, both natural and legal persons, the purpose of securing the revenue provided for in the State budget, strengthening the audit and inspection.
Similarly, the other bodies and agencies will strengthen and improve their inspection efforts to combat the illegal exercise of production and service activities, thus contributing to greater social discipline and increased State revenue.
FINAL PROVISIONS
FIRST: The Ministry of Finance and Prices is authorized to distribute and allocate the approved budget to each organ and agency of the State, as well as to organizations and associations linked to the Central Budget and to fix the limit of expenditure with management.
SECOND : The Ministry of Finance and Prices is in charge of the administration and control of the execution of the State Budget, for which it may dictate how many additional provisions are necessary for the best compliance with the provisions of the This Law.
THIRD : It is delegated to the Ministry of Finance and Prices so that, during the execution of the State Budget, it will make adjustments in the different expenditure and revenue actions, which are derived from decisions of the State Council and the Council of Ministers, provided that the budget deficit set out in this Law is not increased.
FOURTH: It shall be repealed as many laws and regulations shall be contrary to the provisions of this Law, which shall apply from 1 January 2000.
DADA In the session hall of the National Assembly of People's Power, the Convention Palace, in the city of Havana, at the twenty-one day of the month of December of a thousand nine hundred and ninety-nine.
ANNEX
MAXIMUM LIMIT OF LOSSES TO BE SUBSIDIZED BY THE CENTRAL GOVERNMENT AGENCIES
MILLIONS OF PESOS
| Bodies | |
| Ministry of the Sugar Industry | 350.0 |
| Ministry of Agriculture | 160.0 |
| Ministry of the Basic Industry | 15.0 |
| Ministry of the Fisheries Industry | 18.0 |
| Ministry of Light Industry | 13.0 |
