For The Medium-Term Budgetary Framework For 2016., And 2018 For 2017.

Original Language Title: Par vidēja termiņa budžeta ietvaru 2016., 2017. un 2018.gadam

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Read the untranslated law here: https://www.vestnesis.lv/op/2015/248.2

The Saeima has adopted and the President promulgated the following laws: The medium-term budgetary framework for 2016., and 2018 2017. for 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 decisions and actions are implemented in law of fiscal discipline in fiscal policy principles and the following medium-term budget policy the priority development directions: 1) national defence capacity building, increasing public financing of protection against gross domestic product (GDP) to 2 percent in 2018. 2) sustainable and balanced economic development of the country, the national budget as possible, ensuring the growth of primary funding for the protection of internal security, health and education; 3) personal income inequality, gradually increasing the minimum wage and introducing a progressive personal income tax of non-taxable minimum; 4) volume of tax revenue to GDP ratio gradually increase up to 1/3 of the GDP, based on improving the tax chargeable. 2. article. This law was used in preparation for the 2010 GDP forecast comparable fares 22 432 600 000 euro 2016, 2017.23 242 400 000 € for the year and 2018 for 24 074 600 000 euros. This law was used in preparing the forecast GDP at current prices to 26 126 500 000 euro 2016, 2017. the year 27 750 200 000 € and 2018 for 29 476 700 000 euro. 3. article. This law was used in the preparation of potential GDP forecast for 2010 of the comparative price 22 511 700 000 euro 2016, 2017.23 257 100 000 € for the year and 2018 for 24 068 100 000 euros. This law was used in the preparation of potential GDP growth rate forecast of 2016, 2017.3.1 percent a year interest, 3.3 to 3.5 percent 2018, 2019.3.6 percent and for the year 2020 3.7 per cent. 4. article. General Government structural budget balance goal according to the methodology of the European system of accounts as determined in accordance with the European Parliament and of the Council of 21 may 2013 Regulation (EU) No 549/2013 for the European system of national and regional accounts in the European Union (text with EEA relevance) (hereinafter referred to as the European system of national and regional accounts in the European Union), the year is 2016.-0.9 per cent of GDP, in the year 2017-1.0 percent of GDP and 2018-0.8 per cent of GDP. 5. article. The General Government budget balance according to the European system of national and regional accounts in the European Union in 2016-2017 1.0 percent of GDP – 1.0 percent of GDP and 2018-0.8 per cent of GDP. 6. article. Fix State budget financial balance volume and maximum public spending total of 2016, 2017 and 2018.. year in accordance with Annex 1 of this law. 7. article. Fix State budget revenue projections 2016., 2017 and 2018. in accordance with this law, annex 1 and 2. 8. article. Fix evening out the costs in euro 2016 926 650 473, including European Union structural and cohesion funds expenditure spread across 357 724 736 euro and the common agricultural policy and the common fisheries policy of evening out the costs of eur 568 925 737. 9. article. Fix evening out the costs in year 1 461 467 502 euro 2017, including the European Union's structural and cohesion funds expenditure spread across euro 722 009 327, the common agricultural policy and the common fisheries policy expenditure 446 056 876 spread across the euro and public debt servicing expenditure 293 401 299 euro spread across. 10. article. Determine the costs spread across 2018 1 539 777 771 euro, including the European Union's structural and cohesion funds expenditure 787 573 591 spread across the euro, the common agricultural policy and the common fisheries policy expenditure 466 802 881 spread across the euro and public debt servicing costs 285 401 299 euro spread across. 11. article. Determine that the fiscal security reserve in 2016 are not created. 12. article. Determine that the fiscal year 2017. collateral margin is 0.1 percent of GDP. 13. article. Determine that the fiscal reserve security 2018 is 0.1 percent of GDP. 14. article. Determine the corrected maximum permitted levels of government expenditure in the euro 2016 6 761 701 129, 6 807 990 479 euro in 2017 and 2018 7 237 722 391 euro. 15. article. To determine the maximum permissible national budget the total level of expenditure for each Ministry and other central public authority, and in 2016, 2017.2018 in accordance with annex 3 of this Act. 16. article. Determine that individual income tax revenue split between the local government budgets and the State budget in 2016, 2017 and 2018 respectively 80 percent and 20 percent. Article 17. The annual total of local borrowing levels increase in the medium term, the 2016 2017 2018., and year is set at 118 million. 18. article. Persons in the period from 1 January 2010 to 31 December 2015 in accordance with the law "on State pensions" granted or recalculated age, retirement or survivors ' pensions shall be reviewed according to the law "on State pensions" the fourth part of article 12 and paragraph 65 of the transitional provisions 3 and 4 of the provisions: 2016 January 1, 2010 or recalculated pension granted by 1 January 2017, in 2011 or recalculated pension granted with 2018 January 1, 2012, 2013, 2014 and 2015, the pensions granted or recalculated. 19. article. Determine that the State's budget in the annual budget of the Ministry of economy to grant a subprogramme 29.02.00 "power support" compulsory purchase component to save EUR/MWh to the extent planned 26.79:2016-2017 59 693 445, in the euro-the euro 84 550 027 (including 19 897 815 euro minimum purchase components for saving up to March 31, 2017), 2018-96 892 692 € (including 20 384 071 euro minimum purchase components for saving up to 31 March 2018). 20. article. Provide that the national joint stock company "latvenergo" including the State general revenue charges of the national capital (revenue from dividends) 2016 (on 2015 financial year): eur 77 413 486, 2017 (about the year 2016) — 102 759 955 euros, 2018 (about 2017. the annual report of the year): eur 111 452 620. If the State joint stock company "latvenergo" profit is less than planned, the country's budget for electricity users in support of raising the subsidized electricity tax rate taxable income from the compulsory purchase of electricity sold within the framework of, derived from fossil energy reserves, or guaranteed fares for the installed electric power cogeneration plants. 21. article. Determine that the budget of the Ministry of Economic Affairs subprogrammes "electricity 29.02.00 user support" to cover expenditure from the State joint stock company "latvenergo" annual dividends are directed to resources: 2016-2017 23 665 609 euros. year: eur 48 009 955 2018 — 60 352 620. 22. article. (1) provide that the minimum dividends paid profit for 2015, 2016 and 2017.. annual report of the year State crucial impact on existing corporations (including a crucial affect existing corporations) shall be determined and calculated 50 percent, but a corporation in which all shares directly or directly owned by the State, 2016 (on 2015 financial year) and 90 percent in 2017 (about the year 2016) — 75 percent and 2018 (about 2017. the annual report of the year) — 70 percent of the the net profit of the Corporation. (2) in the first paragraph that dividends paid profit corporation concerned shall be taken into account in formulating its medium-term operational strategy. (3) in the cases referred to in the first subparagraph the terms of enforcement would be contrary to the public interest or the principles of good administration, the Cabinet of Ministers may decide to lower dividends paid profit, the decision respecting the Public person part of the capital and Corporation management in article 28 of the Act. 23. article. If the data in the virssaistīb to 2014 from – 2020 programming period of the European Union funds the integrated territorial investment objectives within the framework of the special support have any negative impact on the General Government budget balance, it is compensated by 2018 by the mid-term review of the European Union funds the redistribution between the specific objectives of the programme of action in support of "growth and employment". 24. article. The Ministry of finance, through financial cohesion, uses local Government submitted to the real estate tax, calculated on the basis of the State land service data for the territory of the municipality of real property cadastral and special value. The law shall enter into force on January 1, 2016. The Parliament adopted the law 2015 November 30. The President r. vējonis Riga 2015 December 18 annex 1 Annex 2 in EXCEL format, EXCEL format, EXCEL format in annex 3.