Fiscal Discipline Law

Original Language Title: Fiskālās disciplīnas likums

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Read the untranslated law here: https://www.vestnesis.lv/op/2013/36.1


The Saeima has adopted and the President promulgated the following laws: the law of fiscal discipline chapter I General provisions article 1. The purpose of the law this law aims to establish a fiscal policy principles and conditions that provide a balanced budget in the economic cycle, and thus contribute to sustainable national development, macroeconomic stability and to reduce negative externalities effects. 2. article. The scope of the law (1) this Act establishes the principles of fiscal policy, its planning and implementation instruments, fiscal discipline, as well as fiscal conditions significantly the medium-term budgetary framework law and the annual State budget law, and in the preparation and implementation of the amendments. (2) of the Act apply to the law on budget and financial management requirements for public institutions, budgetary institutions funded from the State budget and partly funded the child. With this statutory fiscal policy principles also apply to the other general government sector [Council of 25 June 1996, Regulation (EC) No 2223/96 on the European system of national and regional accounts in the Community (A) of the annex, within the meaning of paragraph 2.70] institutions to be included. 3. article. Fiscal policies fiscal policies are a set of principles and decisions that determine the functions of redistribution of income and expenditure. 4. article. Principles of fiscal policies fiscal policies in the implementation of the following principles: principle 1) saving-available resources to be used efficiently and effectively; 2) accrual principles, if it allows the economic situation, the budget is planned and executed with a surplus, which in turn allows you to cover future liabilities or deterioration of the economic situation on the budget in the event of non-compliance; 3) a counter-cyclical role for fiscal policy, the principle of fiscal policies that run contrary to the trend in the economic cycle, namely, the economic upturn of the cycle phase is realized for limiting, but the recession phase-incentive fiscal policies; 4) stability: financial policy is predictable and consistent, and thus fosters economic development and financial stability; 5) principle of sustainable fiscal policies — fiscal policy objective is to ensure that the general government debt (the Treaty on the functioning of the European Union 12 2 Protocol in the meaning of article) does not impose a disproportionate burden on the economy, but its development in the long term contribute; 6) generations of mutual responsibility: fiscal policy takes into account the financial impact on society both now and in future generations; 7 the principle of transparency — is) provide public information on the fiscal policy objectives, the methods and the results achieved; 8) the principle of solidarity, the General Government sector includes authorities jointly observe this law and laid down in the General Government sector-related fiscal conditions. Chapter II Fiscal conditions for medium-term budgetary framework law and the annual draft State budget law for the preparation of the project, this law and the preparation of amendments to article 5. Fiscal conditions in the medium-term budgetary framework for the preparation of the draft law (1) the medium-term budgetary framework the draft law (hereinafter the law) shall be prepared within three years of the period, and the maximum total government expenditure from which the excluded in accordance with article 18 of this law to align expenditure limitations (hereinafter referred to as the adjusted maximum public spending), — if the previous year was developed in the medium-term budgetary framework law (hereinafter referred to as the frame law) — the period of the first and second year are fixed adjusted maximum permissible national budget expenditure in the amount of What are the laws for the previous period was laid down in the second and third years, and, if the previous year was not developed in the frame of the law — the first year of period is defined in the adjusted maximum public spending, which frame the previous period the law was definitely third year, specifying the amount, if the changes have the following headings: 1) the general expenses due to urgent national social benefits and pension beneficiary contingent forecasts; 2) specific budget expenses due to pressing for social security recipients, as well as contingents of pensions and allowances average about forecasts; 3) expenditure arising from the estimated charges and other revenue changes, as well as from the beginning of the year fixed-fee service revenue and other residual amounts; 4 increase of expenditure) necessary constitutional risks referred to in article 62, as well as the prevention of natural disasters, accidents and other natural or social process induced damage to materials, subject to this law, article 12 of the conditions of the second subparagraph; 5 increase of expenditure) necessary for the implementation of the International Court of Justice and the Constitutional Court judgements; 6) editions in connection with the policy instruments of the European Union and other foreign financial aid funds to finance projects and activities; 7 editions of the national debt) the part of the service, which includes the Treasury; 8) current payments in the budget of the European Union and international cooperation; 9) of article 16 of this law in the fifth part of the fiscal risks not mentioned in the increase of expenditure article 17 of this law in the fourth and fifth paragraphs, in the cases referred to in this part, in accordance with the conditions; 10) increase of expenditure arising from the adoption of legislation in accordance with article 9 of this law, if it accepted under the conditions of a measure which are intended to increase the State budget revenues to cover the costs increase, or reduction of expenditure to compensate for State budget revenue drop, if a measure is taken to cut down state budget revenue. (2) where, in accordance with article 15 of this law shall determine the corrected maximum permissible national budget the expenses deducted from the year's fiscal security margin, compared to the expenses laid down in accordance with the first paragraph of this article and the previous minus any frame law for the year in question in a specific reserve for fiscal security differs by more than 0.1 percent of gross domestic product (current prices) the draft law, a frame for the year is included in accordance with article 15 of this law shall determine the corrected maximum public spending. (3) the Framework Act for each year of the period determined by the following indicators: 1) predicted the gross domestic product in current prices and comparable; 2) estimated potential gross domestic product, estimated the potential GDP growth rate and the estimated potential growth rate of the gross domestic product for two years following the period of the third year; 3) proposed budget for General Government structural balance, expressed as a percentage of gross domestic product and determined in accordance with article 10 of this law. The term "General Government structural balance the budget" this law used in the same sense as the term "structural balance" of the European Parliament and of the Council of 16 November 2011 in Regulation (EU) No 1175/2011, amending Council Regulation (EC) No 1466/97 on budgetary positions and the surveillance and coordination of economic policies strengthening; 4) the projected general government sector institutions included in the total budget deficit or surplus (hereinafter referred to as the General Government budget balance) as a percentage of gross domestic product; 5) projected state budget revenues; 6) offset expenditure includes: (a) the total of the year) evening out the costs, b) expenditure spread across the European Union's structural funds and the Cohesion Fund for the whole programming period and for each year of the period of the law frame, c) evening out the costs of the common agricultural policy and the common fisheries policy for the whole programming period and for each year of the period of the law frame, d) evening out national debt service expenses associated with its national debt part service which fall within the competence of the Treasury; 7) maximum levels adjusted public spending; 8) fiscal security reserve (article 17); 9) other law on budget and financial management for pointers. (4) the frame that you want to add to the draft law notes that contain information about: 1) the projected macroeconomic development, its medium-term risk assessments, as well as a comparison with the previous year's statutory framework for medium-term macroeconomic forecasts; 2) medium-term fiscal policy objectives, measures to be implemented to achieve them, as well as the comparison with the previous frame statutory fiscal policy medium-term objectives; 3) medium-term revenue forecast, as well as its comparison with law in the previous frame, medium-term revenue forecast set; 4) government debt medium-term trends; 5) how to calculate the indicators laid down in the third subparagraph; 6) the balance sheet adjustment, if it was made (article 11); 7) accrued balance difference (article 11 of the fourth part); 8) other indicators, if provided for in the law on budget and financial management. (5) in addition to the fourth part of this article, certain explanations of laws framework project added to the fiscal risk of the Declaration (article 16) and fiscal discipline Council prepare a monitoring report of fiscal discipline (article 29). 6. article. Fiscal conditions in the frame for the preparation of amendments to the law in preparing amendments to the law on the frame, the same fiscal terms related to frame for the preparation of the draft law. 7. article. Fiscal conditions in the annual State budget act in the project preparation and execution of the law (1) If the previous year was developed in the framework of the law, the annual State budget act in the project is prepared in accordance with the framework law, which was the first year of the period coincides with the financial year for which you are prepared for the national budget draft law. If the previous year was not developed in the framework of the law, the annual State budget act in the project is prepared in accordance with the framework law, which was the second year of the period coincides with the financial year for which you are prepared for the national budget draft law. It shall take into account the preparation described in macroeconomic development and revenue forecasts. (2) preparing the annual State budget law, the draft State budget spending, of which expenditures of those expenses excluded positions, in accordance with article 18 of this law are specific expenses shall be determined by averaging less than the frame law for the year adjusted the maximum levels laid down in the national budgetary expenses as specified in article 5 of this law referred to in the first subparagraph. This difference is the fiscal security reserve (article 17). (3) execution of the annual State budget law, must not exceed the frame law for the year set the adjusted maximum public spending total amount deducted from fiscal security reserve, with the exception of article 5 of the law referred to in the first subparagraph. 8. article. Fiscal conditions in the annual State budget for the preparation of amendments to the law in preparing amendments to the annual State budget law, State budget spending, of which expenditures of those expenses excluded positions, in accordance with article 18 of this law are specific expenses shall be determined by averaging less than the frame law for the year adjusted the maximum levels laid down in the national budgetary expenses as specified in article 5 of this law referred to in the first subparagraph. This difference is the fiscal security reserve (article 17). 9. article. Budget laws affecting adoption (1) if the Cabinet submitted the Bill to the Parliament for consideration, which causes the frame adjusted statutory maximum allowable excess public spending that is not linked to article 5 of this law, the case referred to in the first subparagraph, or causing the frame law planned State budget cuts, the cabinet shall submit to the Parliament at the same time also the Bill or bills that provide for expenditure growth or reduction in revenue to compensate. The compensation takes place by increasing revenue or reducing expenditure. (2) If the Cabinet of Ministers adopted regulations that causes the frame adjusted statutory maximum permissible national budget overrun of expenditure ceilings, who is not related to article 5 of this law, the case referred to in the first subparagraph, or causing the frame law planned State budget cuts, the Cabinet of Ministers ensures that entry into force at the same time also the regulatory act or any legislation that compensates for spending reductions or revenue increases. The compensation takes place by increasing revenue or reducing expenditure. (3) If the first and second part of the expenditure referred to in increasing revenue or reducing regulations also reduce the General Government structural balance of the budget, the Cabinet ensure that the Saeima submitted compensatory or compensatory measure regulations (referred to in the first subparagraph in the case), or the regulations adopted by the Cabinet of Ministers Act or regulations (in the second case referred to) guarantee the General Government budget balance in structural alignment. 10. article. The balance condition of the General Government budget balance rule of structural frame in each year of the period should not be less than-0.5 percent of the year's gross domestic product (hereinafter referred to as the minimum planned budget for General Government structural balance). 11. article. The minimum planned General Government structural balance sheet adjustment of the budget (1) developing a framework for the draft law, the minimum planned General Government structural budget balance is adjusted in accordance with the procedure laid down in this article is to ensure that the previous year the actual deviation from balance sheet condition does not affect the budgetary balance. (2) each financial year, the Ministry of finance until next December 1, calculate the actual general government budget balance and the minimum structural planned General Government structural budget balance difference. (3) If the Ministry of finance the actual general government structural balance the budget earlier financial years is pārrēķinājus, so the calculation, the conversion also differences. (4) the Ministry of finance the differences throughout the year, the amount recorded in the national currency. The minimum programmable General Government structural budget balance adjusted, if the frame of the preparation of the draft of the law in the year the accumulated differences, net of the amount of the previous three years when applied by the General Government structural balance the budget increase (part five of this article), is negative, and its absolute value is at least 0.5 percent of the year's gross domestic product. Adjustment to be carried out in accordance with the fifth paragraph of this article and subject to the part of the sixth and seventh. (5) the draft law in the third year the minimum planned General Government structural balance the budget down about 0.5 percent of gross domestic product, higher than the specified in article 10 of this law. (6) the Adjustment shall not be made if the estimated gross domestic product gross domestic product and the potential difference of the comparative price is negative. The adjustment shall be made in the year, when that difference is positive. (7) If, in preparing the draft law, the frame in respect of the period of the first or the second year was the minimum planned General Government structural balance sheet adjustment of the budget, but the draft law this frame at the time of preparation of the accrued differences in negative value become less than 0.5 percent of gross domestic product, the adjustment is made. 12. article. Derogation from the conditions of the balance sheet (1) preparing the draft law, the frame may derogate from article 10 of this law, the conditions in the following cases: 1) the effect of natural disasters, accidents and other natural or social process of material injury caused by prevention measures, that the projected cost of one financial year exceeds 0.1 percent of gross domestic product for the year in question; 2) inevitable constitutional risks referred to in article 62; 3) severe economic slump. The term "economic downturn" this law used in the same sense as the Council of 27 June 2005, Regulation (EC) No 1056/2005 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure. (2) the first subparagraph of this article, 1. and 2. in the cases referred to in paragraph indent amount may not exceed the required amount. (3) the first subparagraph of this article 3 in the case referred to in paragraph indent is permitted to the extent necessary for the severe economic downturn, and must not exceed estimated revenue. In determining the scope of derogation, assesses the fiscal Council. 13. article. Expenditure growth condition frame the draft law drawn up in the light of expenditure growth, in accordance with the conditions of the European Parliament and of the Council of 16 November 2011 of Regulation (EU) No 1175/2011, amending Council Regulation (EC) No 1466/97 on budgetary positions and the surveillance and coordination of economic policies, the strengthening of article 9 are applied in the development of this Regulation referred to in article 3 of the European Commission's assessment. 14. article. Displays the condition (1) of the Act, a project to develop a framework, subject to the condition that the general government debt at the end of the financial year may not exceed 60 percent of gross domestic product at current prices. (2) general government debt calculated in accordance with the European Council of 25 June 1996, Regulation (EC) No 2223/96 on the European system of national and regional accounts in the community established the general government debt calculation methodology. 15. article. The adjusted maximum public spending in developing the framework, the determination of the draft law, revised figures for maximum public spending for the year in question shall be fixed so that simultaneously meet the balance condition and growth of expenditure. 16. article. The overall fiscal risk management (1) the Cabinet of Ministers ensures the fiscal risk of general management. Fiscal risk management the general aim is to ensure this law article 5, third paragraph 1., 3., 4., 5., 7. the indicators referred to in point (fiscal) stability in the medium term, regardless of external factors as well as changes to mitigate external factors the impact of changes in fiscal indicators in each frame, the period of the law in a year. (2) the fiscal risk of the overall annual fiscal risks include identification, their accession to probability and fiscal impact assessments, as well as the fiscal risk prevention or mitigation measures required for development. Fiscal risk management also includes the general mechanism, according to which the General Government sector institutions cooperating within the above functions. (3) the cabinet shall develop procedures for the implementation of fiscal risk management in General. (4) the draft law set out in the framework of the fiscal stability measures necessary for fiscal risks are identified in the Declaration, approved by the Cabinet of Ministers. Fiscal risk statement includes: 1) fiscal risk management description general summary, made and planned monitoring activities, proposals for the risk management system development and progress in their implementation, as well as the evaluation of the information referred to in comparison with the previous fiscal risk of the information provided in the Declaration; 2) classification of the fiscal risks; 3) fiscal impact and risks joining the probability evaluation methods; 4) fiscal risk that accession to probability and fiscal impacts are assessed (hereinafter quantifiable fiscal risks), a detailed description (description of the source of the risk, commitment, fiscal impact, joining the probability, risk management mechanism, the risk prevention of the consequences of the event, changes to this information as compared to the previous fiscal risk declaration); 5) fiscal risks that joining the probability or the fiscal impact is not evaluated (no quantifiable fiscal risks), it is also possible to include this part of the information referred to in paragraph 4; 6) fiscal security reserve (article 17), including the calculation of the fiscal security for each fiscal risk statement includes fiscal risk for which the reserve is calculated. (5) the fiscal risk of the Declaration shall contain at least the following kvantificējamo fiscal risk: 1) of current payments in the budget of the European Union and international cooperation; 2) project and for the implementation of the measures and of the non-refundable expenditure increases the policy instruments of the European Union and other foreign financial aid programs, which are not subject to the spending gap; 3 the General expenditure increases) due to the current state social benefits and pension beneficiary contingent forecasts; 4) specific budget expenditure increases due to pressing for social security recipients, as well as contingents of pensions and allowances average about forecasts. Article 17. The fiscal reserve and fiscal security risks caused by the conditions of the cover (1) reserve for fiscal security aims to provide a frame for the year specified by law the General Government budget balances planned level of small macroeconomic fluctuations and fiscal risk statement includes a quantifiable risk of fiscal expenditure. (2) the amount of the reserve for fiscal security framework in the draft law determines the appropriate fiscal risks included in the Declaration for fiscal risks quantified. It may not be less than 0.1 percent of gross domestic product. (3) the Cabinet of Ministers approves the fiscal security methodology for fixing the amount of the reserve. (4) If the fiscal reserves, the amount of the security is not enough fiscal risks included in the declarations of quantifiable fiscal risk related to cover expenses may exceed the maximum levels corrected State budget expenditure. (5) fiscal risks not included in the Declaration of quantifiable fiscal risk and not part of the fiscal expenditure incurred in respect of the risks if they do not comply with this law, article 12, first paragraph, point 1 and 2 and if the total amount does not exceed 0.1 all percent of gross domestic product, exceeding the revised figures can take the maximum permitted levels of public spending. (6) the cabinet shall develop proposals to reduce expenditure, other expenditure headings or raising revenue, to compensate for the fiscal risks not included in the Declaration of quantifiable fiscal risk and not part of the fiscal expenditure incurred in respect of the risks if they do not comply with this law, article 12, first paragraph, point 1 and 2 and the conditions exceeds 0.1 percent of all total of gross domestic product. 18. article. Expenditure Equalization mechanism (1) in order to ensure a stable medium-term expenditure planning, individual State budget expenditure items of expenditure under the smoothing mechanism. (2) Costs equalisation mechanism is applied to the following State budget spending headings: 1) the European Union's structural funds, the cohesion funds, the common agricultural policy and the common fisheries policy expenditure; 2) State budget expenditure on the part of the public debt service, which is part of the Treasury. (3) the total the year's expenditure is defined as the spread across the whole of this article referred to in the second subparagraph, the amount of expenditure offset calculated in accordance with the fourth and sixth. (4) the European Union's structural funds, the cohesion funds, the common agricultural policy and the common fisheries policy measures and projects aligned to the level of expenditure shall be determined: 1) a year that falls within the period of the programme, — the appropriate fund or policy project and measure the total foreign financial assistance programs do not pay expenses divided by the number of years of the programme period and adding foreign financial assistance programs pay the expenses for the year in question; 2) a year, which does not cover the period of the programme, — from foreign financial assistance programs pay the expenses for the year in question. (5) the period of Application of this law is the foreign programme planning period. (6) the public debt service expenditure spread across each frame law for the year determined in accordance with the trend of public debt, excluding fluctuations in expenditure arising from the projected interest rate fluctuations. (7) the Cabinet of Ministers approved the national debt service expenditure calculation methodology aligned. 19. article. State general revenue in excess of actual over actual expenditure and its use (1) the State general revenue in excess of actual over actual expenditure is counted in long-term stabilization reserve or directed the national debt. (2) the first subparagraph shall not apply to the State budget actual revenue surplus over actual expenditure that is to be used in subsequent years in accordance with other laws. (3) Cabinet of Ministers decision on the excess each year — if any — the redirection of government debt or netting of long-term stabilization reserve. 20. article. Macroeconomic forecasts (1) medium-term macroeconomic projections, including gross domestic product growth forecasts, the gross domestic product deflator forecasts, and the potential growth rate of the gross domestic product, developed in the Ministry of finance. (2) the macroeconomic forecasts are agreed with the Bank of Latvia and the Ministry of economy. Chapter III monitoring of fiscal discipline article 21. Fiscal discipline Council the status of fiscal discipline Board (hereinafter the Board) is an independent collegiate body that is created by this law to monitoring. 22. article. The composition of the Council (1) the Council shall consist of the following six members: 1) three by the Governor of the Bank of Latvia and the joint proposal of the Finance Minister's representatives; 2) three at least ten members of the Parliament raised. (2) the members of the Council elect a financial and economic experts from Latvia or another Member State of the European Union, who have experience in matters of fiscal policy. (3) the signatures of the Nomination means that the candidates agreed to his candidacy for the nomination. 23. article. The mandate of the members of the Council, Council members approved the Parliament for six years. One member of the Council may hold a position on the Board of no more than two consecutive terms of Office. 24. article. Limit for Council members On Board may not be: 1) a person who occupies a position in a political party or political association; 2) a person convicted for an intentional criminal offence, if not rehabilitated or criminal record is not deleted or removed. 25. article. The members of the Council term of Office (1) the mandate of the members of the Council shall cease if: 1) with the decision of the Parliament he released from the post; 2) ends his term of Office; 3) he convicted of intentionally committing a crime and the judgment entered lawful effect. (2) the Parliament shall give a discharge to the Council member from Office if: 1) he left the post after the election. Member of the Council on the continuation of the post shall notify the Council in writing, which shall inform the Parliament no later than 14 days from the date of receipt of the application; 2) he six months without justification, has not participated in the work of the Council, has not visited more than half of the meetings of the Council or for more than six months in a row of disease or for other reasons are unable to hold office; 3) are found in the regulations certain conditions that prevent the person concerned be a member of the Council. 26. article. The President of the Council (1) the members of the Council, from among the public vote, with a simple majority of votes shall be elected for three years, the President of the Council. The same person may hold the Office of President of the Council no more than six consecutive years. (2) the President of the Council: 1) organizes and directs the work of the Council; 2) convene and chair the meetings of the Council; 3) recruiting and released from the Labour Council Secretary; 4) without special authorisation to represent the Council. 27. article. Deputy Chairman of the Council (1) the members of the Council, from among the public vote, with a simple majority of votes shall be elected for three years, Deputy Chairman of the Council. The same person may hold the Office of Deputy Chairman of the Council for no more than six consecutive years. (2) the Deputy Chairman of the Council in the absence of the President of the Council met in article 26 of this law provided for in the second subparagraph. 28. article. The competence of the Council (1) the Council monitored this statutory fiscal conditions in the frame of the law project and the annual State budget act in the preparation of the draft, the law enforcement and in the preparation of the amendment. (2) the Board shall check the condition of the balance sheet and expenditure increases the accuracy of the application of the provisions, including through independent and potential gross domestic product nominal gross domestic product estimate and calculation of structural balance. (3) the Council shall monitor compliance with this law, the annual State budget act in the consolidated budget of the local government and public person derived budget summary fiscal compliance indicators for predicted values. (4) the Council shall prepare an opinion about how much the indentation from the balance condition allowed severe economic downturn (article 12, first paragraph, point 3). (5) the Council shall draw up opinions on the fiscal reserve volume security compliance with existing national fiscal risks (article 16 of the fourth part). (6) the Council shall prepare the fiscal discipline monitoring report and, if necessary, to report non-compliance (article 29). (7) the Council shall prepare and submit to the Parliament and the Cabinet views the fiscal policy and other macro-economic development, if the relevant provisions of this law. (8) in order to prepare this report, the statutory Council evaluates and analyzes state fiscal policy sustainability. (9) the Council shall have the following rights: 1) according to competence to cooperate with State and local authorities, legal and natural persons, as well as foreign institutions; 2) to request and receive from the public authorities Council tasks the required information; 3) provide the Ministry of finance and the Cabinet recommendations on the draft law and the annual State budget act in the project design; 4) invite experts and other experts to participate and provide views of the sessions of the Council; 5) provide for the Cabinet of Ministers proposals for the necessary amendments to the country's fiscal discipline-related legislation. (10) If a member of the Council on any matter contained in the reports of the Council to have a different opinion, he shall within five working days of the attached to the message. 29. article. Report of the Council (1) the Council to frame laws for submission to the Parliament the draft prepares surveillance reports of fiscal discipline. The message is added to the frame, the draft law and submitted to the Parliament. The public also report the Ministry of Finance website on the internet. (2) if the Council found violations of the law or of this Council they become known, it prepares non-compliance report, which includes recommendations for correcting the discrepancy. Non-compliance report shall be drawn up immediately after the detection of non-compliance, submit to the Cabinet and the Parliament, as well as the Ministry of public finance homepage on the internet. 30. article. Convening of meetings of the Council and decision making (1) the Council for determination of its activities develop and approve its rules of procedure. Internal rules of Council during the current sitting of Convocation and agenda. (2) extraordinary meeting shall be convened by the Council at the request of the President of the Council or at least four Council members. (3) the Council shall be valid if they are sitting on at least four Council members, and decisions shall be adopted if their vote not less than four members of the Council. (4) the meetings of the Council and Council decisions prepared reports are publicly available. 31. article. The work of the Council (1) the Secretary of the Board's functions and duties shall be determined by the Council. (2) the Council shall ensure the technical functioning of the Ministry of finance. (3) Council members shall receive remuneration pursuant to State and local officials and employees of the institutions of law and remuneration in proportion to the time worked. Council members of the hourly wage rate determined by the Central Administration of statistics official statistics notification for the preceding full lats year's monthly average of about the wage, rounded to full lats, applying the coefficient of the amount of remuneration payable 0.056. per month does not exceed State and local officials and employees of the institutions in the consideration of article 3 of the law set out in part 6.3. (4) the Council experts linked to compensation shall be determined in proportion to the time worked and according to the average of the price of equivalent jobs in the labour market. (5) the Secretary of the Board remuneration determined in accordance with national and local government bodies and officials of employee rewards to the law. The Secretary of the Board the Board is employed in the normal working time. (6) the Ministry of finance in the budget of the Ministry of finance a separate program (sub) plans to cover the work of the Council necessary expenses through: 1) the remuneration of the members of the Council in accordance with the third paragraph of this article at least six Council meetings a year, including at least eight hours due to the preparation of each meeting of the Council; 2 remuneration of the Secretary of the Council); 3 remuneration of the Board of the associated) experts, not less than 50 percent of the members of the Council and the Secretary of the Board of the remuneration of the Fund; 4) transport costs and expenses for the accommodation of members of the Tribunal in accordance with State and local officials and employees of the institutions in the consideration of article 3 of the law of the 6.3 part, subject to the following conditions: (a)) if air transport is used, the eligible expenditure shall not exceed the cost of the travel economy class, b) expenditure on accommodation countervailable by no more than three nights up to 70 pounds for one night; 5) Council actions required for technical support. 1. Transitional provisions this law, the provisions of article 10 shall apply from the time when the previous year's planned budget for General Government structural balance is greater than 1.0 percent from-gross domestic product at current prices. The execution of the conditions of the General Government structural balance budget is planned at least 0.5 percent of gross domestic product at current prices higher than in the previous year the planned or actual general government structural balance the budget. If an international agreement approved by the Parliament, is another General Government structural balance of the budget, the growth rate of 0.5 percent increase is applied in place of the international growth rate specified in a contract. 2. Preparation of the 2014, 2015 and 2016 the frame law project: 1) fiscal risks it is not added to the Declaration; 2) maximum levels adjusted public spending during the first and second year is determined in accordance with article 15 of this law, and subject to the transitional provisions of paragraph 1. 3. reserve for fiscal security by 2014 and 2015 is not fixed. Security Reserve fiscal 2016 is determined as 0.1 percent of gross domestic product. 4. Article 16 of this law the fifth part of the fiscal risks in 2014 to apply this law the conditions applicable to the fiscal risk statement includes the quantifiable risks. 5. Costs equalisation of public debt service costs start to apply from the year 2017. 6. Costs equalisation in the European Union structural funds, the Cohesion Fund, the common agricultural policy and the common fisheries policy expenditure of projects and measures apply from 2016. 7. in article 11 of this law that the actual general government budget balance and the minimum structural planned General Government structural budget balance difference to calculate the start of 2013, and the first of the Ministry of Finance carries out the calculation up to 2014 1 December. 8. the Council started January 1, 2014. 9. The Saeima, is elected by the Council for the first time, three members of this law, the first paragraph of article 22 referred to in paragraph 1, shall elect its representatives for six years, but this law, article 22, paragraph 2, first subparagraph, the representatives referred to in — for three years. Informative reference to European Union directives, the law includes provisions deriving from Council of 8 November 2011 directives no 2011/85/EU on Member States ' budget requirements. The law in the Parliament adopted 31 January 2013. The President a. Smith 2013 in Riga on February 20.