Amendments To The Law On Budget And Financial Management

Original Language Title: Grozījumi Likumā par budžetu un finanšu vadību

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: https://www.vestnesis.lv/ta/id/194044

The Saeima has adopted and the President promulgated the following laws: the law on 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; Latvian journal, 2009, 89 no). the following amendments: 1. Supplement article 5 with the thirteenth part as follows: "(13), the Cabinet of Ministers shall determine the order in which the institution is financed by the budget of the European Union and international institutions in the implementation of the programmes financed in another country and plan and lists the project funding."
2. in article 9: replace the seventh paragraph, the words "Cabinet" with the words "Minister of finance";
replace the words "eighth Cabinet" with the words "Minister of finance";
to make the ninth subparagraph by the following: "(9) ministries and other central public authorities draw up a request for the transfer of appropriations between programs, subprograms, and expense code for economic categories and submitted to the Ministry of finance. The Minister of Finance has the right to the appropriations between programs, and expenditure programmes for the economic code categories be split under the Cabinet. ";
to supplement the article with the eleventh and the twelfth subparagraph by the following: "(11) If the Ministry or other central national authority does not agree with the decision of the Minister of finance for the transfer of appropriations between programs, the amount of the sub-programme and expense code for economic categories, and the Ministry of finance in the budget a separate subprogramme for the planned appropriation of European Union policy instruments and other foreign financial assistance for the implementation of projects and measures, then after the receipt of the reasoned opposition Finance Minister within five working days of the agreed with the Ministry. If no agreement is reached, the matter shall be referred to the Cabinet for decision.
(12) in order to ensure effective State management of budgetary resources, the Minister of Finance has the right to the ninth part of this article in order to reallocate the apr priācij between ministries of European Union policy instruments and other foreign financial assistance for the implementation of projects and measures, if the Ministry does not provide timely and the projects mentioned. This right of the Minister of finance may be used provided that the parliamentary budget and finance (taxation) the Commission shall, within three working days from the receipt of the information in question has not objected to it. "
3. in article 9.1: replace the fourth and fifth paragraphs the words "Cabinet" with the words "Minister of finance";
to supplement the article with the sixth part as follows: "(6) If the Ministry or other central national authority does not agree with the decision of the Minister of Finance on the amount of the reserve reallocation of appropriations between programs, subprograms, and expense code for economic categories, then after the receipt of the reasoned opposition Finance Minister within five working days of the agreed with the Ministry. If no agreement is reached, the matter shall be referred to the Cabinet for decision. "
4. Turn off 16.1 article of part three of the second sentence.
5. Supplement article 16.2 of part 2.2 the following: "(22) the Minister of finance, in cooperation with the Minister of the economy and in consultation with the Bank of Latvia not less frequently than quarterly to evaluate and, if necessary, revise this law 16.2 the second paragraph of article 1, paragraph forecasts."
6. Supplement article 25 with a 2.9 share the following: "(29) the Cabinet has the right to determine the State and municipal budget planning and execution of additional conditions to ensure the macroeconomic process caused by increased fiscal, economic and social risk mitigation and prevention measures and ensure the international obligations laid down fiscal criteria. This right of the Cabinet may be used provided that the parliamentary budget and finance (taxation) the Commission shall, within three working days from the receipt of the information in question has not objected to additional conditions. "
7. To supplement the law with article 28.1, of the following: ' article 28.1. Cooperation with the parliamentary budget and finance (taxation) the Commission of the Minister of Finance shall inform the parliamentary budget and finance (taxation) the Commission of the annual national budget bill or its amendments during the drafting of the State budget planning process, as well as not less frequently than once every quarter, of the State budget. "
8. Article 34: make the second paragraph as follows: "(2) the performer in respect of the budget of the special budget and foreign financial assistance is entitled to conclude an agreement with the Treasury about specific budget and foreign financial balance of assistance-in the form of deposits, as well as to invest the balance in the Latvian state securities.";
adding to the third paragraph after the word "Governments" with the words "public corporations".
9. Article 36: turn off the first part of paragraph 6, the words "student and student lending programme";
turn off the fifth paragraph, the words "student and student lending programs for performers".
10. Supplement article 37.1 of the law with the following: "article 37.1. Opinion on loan or loan guarantee agreements and the rule of law and the binding nature of the opinion of the Minister of Finance on behalf of the State or Government concluded on behalf of the proposed borrowing or lending and guarantee the date of conclusion of the contract and the contract or the provisions contained in the draft Treaty the binding nature of the rule of law and at the request of the Minister of Finance shall provide the Minister of Justice. "
11. Make article 41 the sixth subparagraph by the following: "(6) in order to ensure the preparation of the consolidated general budget, local Government not later than three months after the annual State budget act in the promulgation and not later than two months after the amendment to the annual State budget act in the promulgation of modifications to the annual State budget Act affect the municipal budget, the Ministry of finance submitted information on approved budgets."
12. Supplement article 46 to the sixth and seventh paragraph as follows: "(6) the ministries and other central public authorities, in the exercise of certain legislation, functions and tasks of the budget may be to pay vehicle services. Ministries and other Central Government authorities, the supervisor shall issue to the internal law in determining the use of official vehicles, and vehicle fuel consumption standards under the authority of the functions to be performed and the results to be achieved. Internal regulations in the Act to determine the order in which provided a detailed review of the costs associated with the use of official vehicles.
(7) the ministries and other central public authorities, in the exercise of certain legislation, functions and tasks of the funds may be used to pay for communication services. Ministries and other Central Government authorities, the supervisor shall issue to the internal law in determining the appropriate means of communication and reasonable use, as well as the procedures to be provided a detailed report on the use of funds. "
13. transitional provisions: to replace in paragraph 17 and 26 "." with the number "2010";
adding to the transitional provisions in paragraph 38 and 39 with the following: "38. To article 9 of this law provided for in the ninth cabinet from the date of entry into force of the provisions, but no longer than up to 2009 October 20, apply to the Cabinet of Ministers of 28 august 2007, Regulation No 584" procedures for ministries and other Central Government institutions develop and Finance Ministry will assess requests for reallocation of appropriations between programs programmes and expenditure by economic classification codes ", in so far as they do not conflict with this Act.
39. The Cabinet of Ministers does not include this law, article 31, second paragraph 8.2 above long-term stabilization reserve balance and its annexes financial annual report for the period from 1 January 2010 to 31 December 2012. "
The law shall enter into force on the day following its promulgation.
The Parliament adopted the law of 12 June 2009.
President Valdis Zatlers in Riga V. 30 June 2009 Editorial Note: the law shall enter into force by 1 July 2009.