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:

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.) following amendment: Add to article 35 with 2.1 and 2.2 the part as follows: "(21) where the amount of the loan during the financial year exceed 20 percent of the annual State budget act in the volume of gross domestic product in the financial year, as well as borrowing and receipt conditions recognised as important and significant national and public life and affect the implementation of the policy of taxation, social protection or other legislation settled question Minister of finance, on behalf of the State can only be taken after: 1) the Prime Minister or the Minister of finance for the loan has provided a report to the parliamentary session;
2) was adopted and entered into force the law on the loan.
(22) 2.1 of this article referred to the Prime Minister or the Minister of finance report on the borrowing especially justified the need for borrowing, given its size, purpose, duration, repayment schedule, as well as the Government's proposed action and repayment terms of the loan. "
The law in the Parliament adopted the 2010 October 28.
President Valdis Zatlers in Riga V. 10.2010 November