Amendment To The Law On Budget And Financial Management

Original Language Title: Grozījums Likumā par budžetu un finanšu vadību

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/239878

The Saeima has adopted and the President promulgated the following laws: the law on the amendment of the budget and financial management to make the law on budget and financial management (Latvian Saeima and the Cabinet of Ministers rapporteur, 1994, no. 8; 1996; 1997, no. 24, no. 21; 1998, nr. 9; 1999, no. 24; 2001, nr. 1; 2002; 2003, 23, the No. 2, no. 2., 24; 2005, no. 3, no; 2007; 2008 , 1, 24 no; 2009, 13, 15, 20 no; Latvian journal, 2009, 200. no; 2010, 206.178. no; 2011, 103, 117. No.) following amendment: Express article 34.1, as follows: "article 34.1. The national budget funds-special conditions (1) the national budget funds-in the financial sector, as well as the country's crucial influence on existing corporations in is carried out according to the annual State budget law.
(2) the Minister of finance, on the basis of the decision of the Cabinet of Ministers, of this law in the first part of article 8.1 of the realisation of the objectives set out to take in the annual State budget Act provided for investments in the financial sector, as well as the country's crucial influence on existing Corporation. This right of the Minister of finance may be used, if both of the following conditions: 1) the total amount of investment during the financial year shall not exceed two percent of the annual State budget act in the volume of gross domestic product in the financial year;
2) in a separate decision of the Parliament agreed to a specific contribution. "
The law shall enter into force on the day following its promulgation.
The Parliament adopted the law of 17 November 2011.
The President a. Smith in 2011 on November 23.