For The Medium-Term Budgetary Framework, And The 2013 2014 2015

Original Language Title: Par vidēja termiņa budžeta ietvaru 2013., 2014. un 2015.gadam

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Read the untranslated law here: https://www.vestnesis.lv/op/2012/192.2

The Saeima has adopted and the President promulgated the following laws: The medium-term budgetary framework, and the 2013 2014 2015 article 1. With the annual State budget act in the preparation of the draft medium-term budgetary framework for the preparation of the draft law, the State budget-related decision-making and action are implemented following the fiscal policy priorities: 1) ensuring fiscal discipline — is stored in the progress toward a balanced budget in the economic cycle, in accordance with the European Union's stability and Growth Pact of 1997 of the Council of 7 July, Regulation (EC) No 1466/97 on budgetary positions and the surveillance and coordination of economic policies strengthening; 2) to regional economic growth and reducing social inequality facing tax policy; the principle of fiscal imbalance of 3) for the General Government level (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). 2. article. 2013, 2014 and 2015 are implemented following State budget spending priorities: 1) the national demographic policy aimed at strengthening the human drošumspēj and the popular sound reproduction is the basis for the building; 2) taken international commitments; 3) national measures for the integration of society and cultural identity of sustainability assurance. 3. article. Designing the future-year medium-term budgetary framework law projects, taking into account the country's economic situation and State budget, to ensure gradual progress on 10 may 2012 in the Saeima approved the concept of national defence establishes indicative objective to achieve national defence funding of up to 2 percent of gross domestic product by 2020. 4. article. In the preparation of this law used the gross domestic product forecast for 2013 15 985 500 000 lats, 2014 for 16 958 000 000 lats and 2015 17 988 700 000 lats. 5. article. The general government deficit target according to the European system of accounts (ESA 95) methodology that determined in accordance with the Council of 25 June 1996, Regulation (EC) No 2223/96 on the European system of national and regional accounts in the community, in 2013 is 1.4 percent of gross domestic product by 2014 in 0.8 percent of gross domestic product in 2015 and 0.3 percent of the gross domestic product. 6. article. The general government deficit target in structural terms (excluding economic cyclical fluctuation and a lump or other temporary measures) according to the European system of accounts (ESA 95) methodology that determined in accordance with the Council of 25 June 1996, Regulation (EC) No 2223/96 on the European system of national and regional accounts in the community, in 2013 may not exceed 1.3 per cent of gross domestic product by 2014, the 0.9 percent of the gross domestic product in 2015 and 0.4 per cent of gross domestic product. 7. article. Fix State budget financial balance volume and maximum public spending total of 2014 and 2015, in accordance with Annex 1. 8. article. Fix State budget revenue forecasts for 2014 and 2015, in accordance with annexes 1 and 2. 9. article. To determine the maximum permissible national budget the total level of expenditure for each Ministry and other Central Government authority in 2014 and 2015, in accordance with annex 3. The law shall enter into force on January 1, 2013. The Parliament adopted the law in 2012 on November 15. The President a. Smith in Riga 2012 December 6 Annex 1 Annex 2 in EXCEL format, EXCEL format, EXCEL format in annex 3.