The Saeima has adopted and the President promulgated the following laws: the amendments to the law "on budget and financial management," to make the law on budget and financial management (the Saeima of the Republic of Latvia 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) follows 1. Chapter I: make the term "budget-funded institutions" the following: "budget-funded agencies budget authority derived public persons who are partially financed from the State or local government, all fully or partially financed from the budget directly to merchants, associations or foundations."; to make the term "budgetary authority" as follows: "the budgetary authority-the national or local authorities, derived public person who totally financed from the State or local government, as well as State or local government agency."; to make the term "grant" as follows: "grants-budget funds allocated to other budgets, economic operators, associations and foundations and other institutions in the laws in order to ensure that the national or local government functions." 2. Turn off the article 2, fifth. 3. in article 5: make a tenth as follows: "(10) the cabinet shall determine the order in which the ministries and other central public authorities plans, implements, monitors and records the Government program (subprogram) results and indicators, as well as reports about them."; the twelfth, expressed as follows: "(12) the cabinet shall determine any planned and accounted for revenue from the national budget of the institutions charged with the provision of those services and the associated costs." 4. To supplement the law with article 8.1 as follows: "article 8.1. Long term stabilization reserve (1) long term stabilization reserve is a fiscal policy aimed at: 1) reduce overall economic risks; 2) provide the missing funds long-term investments and structural reforms; 3) avoid the socio-economic crisis or reduce its effects; 4) provide access to finance for an emergency. (2) long-term stabilization reserve, and use a special law shall lay down the procedure. (3) this article referred to in the second paragraph of the special law for the date of entry into force: 1) long-term stabilization reserve are credited to revenue from the privatisation of State property and the State budget revenue, which exceeds the national budget for the financial year in the amount stipulated by law, except the excess of revenue over a foreign financial assistance received, the budgetary authorities, and other service charges the same revenue; 2) on long-term stabilization reserve utilization after the Finance Ministers decide on the proposal of the Cabinet of Ministers. After the decision of the Cabinet of Ministers shall immediately inform the Parliament. Expenses from long-term stabilization reserve funds can be made if the parliamentary budget and financial (tax) the Commission shall, within five days of the Cabinet of Ministers decisions receipt not objected to it. " 5. in article 9: adding to the fifth subparagraph of paragraph 4, after the word "the" with the words "the Court and the Constitutional Court '; Add to article 10 by the following: "(10) in the budget of the Ministry of finance in a separate application planned appropriation of EU policy instruments and other foreign financial assistance for the implementation of projects and measures divided the Cabinet." 6. Add to the first paragraph of article 9.1, after the word "authorities" with the words "requests the and". 7. Express article 17 as follows: "article 17. Budget request design principles (1) the basic principles under which the ministries and other central public authorities draw up and submit to the Ministry of finance budget request, is determined by the Cabinet of Ministers. (2) budget request includes developing guiding principles: 1) medium-term macroeconomic development and fiscal policy framework contains the ministries and other central public authorities the maximum total spending limits planned spending distribution of programmes (programmes) and expenditures according to economic and Government functions; 2) other financial restrictions, followed by the calculation of the budget; 3) budget request and the development agenda; 4) budget calculations used indicators; 5) budget request forms; 6) another budget request the information necessary for development. " 8. Turn off article 21, first paragraph, the word "making". 9. Express article 23 by the following: ' article 23. Treasury Treasury is subordinated to the Ministry of Finance's direct regulatory authority from the State budget and earmarked for a specific purpose payments, make the State budget execution and accounting, public debt management and legislation of the European Union laid down the policy instrument function of payment institutions, as well as other laws and regulations of the specific functions. " 10. Express article 27 first and second subparagraph by the following: "(1) State budget appropriations and the authority to carry out expenditure from the State budget and the general budget of the State open government special budget accounts only. The State budget and from those expenses to be financed by the budget of the institution except the national budgetary institutions and municipalities, opens current accounts only. The State budget and of them funded investment projects and one-off measures for the performance of local authorities and their bodies open settlement accounts with the Treasury. (2) the State Treasury each year on December 31 of the current financial year closing all open accounts, except for current accounts. At the end of the year the authorities general government accounts in the balance of the funds resulting from the revenue cost of services rendered and other own revenues, foreign financial assistance and policy instruments of the European Union, if this balance does not exceed the revenue during the year, the amount of funds actually received, remains the State budget authorities and can be used in the next financial year, in accordance with the plans for financing the appropriations. State special budget account shall be opened in the next financial year, including all those balances from the previous year. " 11. Supplement article 28, first subparagraph after the word "Reaffirming" with the words "financial year". 12. Article 36: adding to the first part of the sixth paragraph as follows: "6) loans by the State budget and financial management, the financial stabilisation, the student and the student lending programme, implementation of investment projects, business support programme for implementation of the European Union co-financed projects and the implementation of measures, foreign financial assistance for the implementation of the projects financed, as well as the loan and the repayment list."; to supplement the article with a fifth by the following: "(5) the State, loans may be extended to municipalities, State special budget, student and student lending programs budget funded artists, institutions, corporations, associations and foundations." 13. Express article 37 in the third subparagraph of paragraph 3 and 4 by the following: "3), for which workers credit commitments had previously issued a guarantee on behalf of the State, violated the guarantee specified delivery and monitoring arrangements; 4 do not guarantee security). " 14. Express article 41 the fifth subparagraph by the following: "(5) local authorities have the right to take loans and give guarantees only the annual State budget for an increase in the total allowable catch. If the designated municipal loan or guarantee the total increase is not sufficient to ensure the financing of local authorities the European Union co-financed projects and implementation of investment projects, the Finance Minister about the situation will immediately inform the Cabinet and the Parliament. The Finance Minister is entitled to increase the municipal loan or guarantee the total increase, if the parliamentary budget and financial (tax) the Commission shall, within five days after receipt of the information in question is not the Parliament objected to it. Municipal borrowing and guarantee delivery takes place in the Cabinet. " 15. in article 46: make the third paragraph as follows: "(3) the State Treasury within the limits of its competence, is responsible for financial management, subject to the requirements of this Act."; to make a fifth by the following: "(5) the ministries and other central public authorities are responsible for the annual State budget Act appropriation of a follow-up system for Treasury and current accounts credited the State budget funds control." 16. Article 47 of the Express 4.1 part as follows: "(5) Cabinet of Ministers shall lay down the procedure by which authority supervising the policy instruments of the European Union or foreign financial assistance in the implementation of projects, shall decide on the appropriation of the suspension, restoration or withdrawal and Treasury stopped, to renew or revoke the allocation policy of the European Union or foreign financial assistance for beneficiaries." 17. transitional provisions: replace paragraph 17, the number "2007." with the number "2008"; Replace paragraph 26 the number "2007." with the number "2008"; to supplement the transitional rules to the 27, 28, 29, 30, 31, 32, 33 and 34 as follows: "article 27 of this Act the tenth part of article 5, the provisions referred to in the Cabinet of Ministers issued up to 31 December 2008. 28. The Cabinet of Ministers until November 1, 2008 to submit to Parliament this law draft law referred to in article 8.1. 29. Article 9 of this law the tenth part of those rules, the Cabinet of Ministers issued up to June 1, 2008. 30. Article 9 of this law the tenth part of the Cabinet of Ministers Regulations entry into force, but no longer than up to May 31, 2008. for the Cabinet's 31 July 2007 instruction No. 13 "the order in which the Ministry of finance to prepare and submit to the Cabinet of Ministers proposals on the budgetary subprogramme" funding policy instruments of the European Union and other foreign financial assistance and projects co-financed measures "the reallocation of funds" in so far as it is not contrary to this Act. 31. Article 17 of this law, the provisions referred to in the first paragraph, the Cabinet of Ministers issued until May 1, 2008. 32. Article 17 of this law in the first part of the Cabinet of Ministers Regulations provided for the entry into force, but not longer than until the 2008 30 April apply Cabinet 8 May 2007 instruction No. 9 "instruction on the preparation of the budget request framework", to the extent it is not inconsistent with this Act. 33. Established higher education institutions are derived public person, concerning the financing of scientific activities within the meaning of this law are considered budget-funded institutions do not have budget authority. For the rest of the funding for established higher education institutions are public persons derived this law about the budget-funded institutions do not have the budgetary authorities, is regarded as of 1 January 2009. 34. The Cabinet of Ministers by 2008 November 1, assess and, if necessary, be submitted to the Parliament a draft law on child public budget autonomy legal persons, that person's financial control and financial stabilisation of the budget funding, regulatory authorities or Government funded status, as well as other financial and budget that person to management issues. "
The law shall enter into force on January 1, 2008. The law on budget and financial management 8.1 article shall enter into force on the day following the promulgation of this law.
The law adopted by the Parliament in the 2007 on 8 November. President Valdis Zatlers in Riga of the 2007 November 28.