Advanced Search

For The Medium-Term Budgetary Framework, 2016 And 2017 2015... Year

Original Language Title: Par vidēja termiņa budžeta ietvaru 2015., 2016. un 2017.gadam

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
The Saeima has adopted and the President promulgated the following laws: The medium-term budgetary framework, 2016 and 2017.2015. 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 by the year 2020 under the national defence act in funding increases over the years; 2) sustainable and balanced economic development of the country, ensuring the funding of public sector budget possible and continuing its course on the labour tax burden reduction; 3) personal income inequality, gradually increasing the minimum monthly wage by introducing progressive personal income tax of non-taxable minimum, increasing deductions for dependent children and the targeted implementation of national policies in support of families with children; 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 2015 22 032 000 000 euro 2016 and 2017 22 756 700 000 € for 23 571 300 000 euro. This law was used in preparing the forecast GDP at current prices the year 2015 25 365 600 000 euro 2016 and 2017 26 850 900 000 € for 28 513 300 000 euro. 3. article. This law was used in the preparation of potential GDP forecast for 2010 of the comparative price 2015 22 007 200 000 euro 2016 and 2017 22 767 200 000 eur for 23 565 900 000 €. This law was used in the preparation of potential GDP growth rate forecast 2015 3.3 percent, 2016, 2017.3.4 percent interest, 3.5 year 2018 and 2019 to 3.6 percent. year 3.8 percent. 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), in 2015-1.0 percent of GDP by 2016-2017 0.9 percent of the GDP and the year-0.8 per cent of GDP. 5. article. The General Government budget balance resulting from the structural budget balance target, according to the European system of national and regional accounts in the European Union in 2015-1.0 percent of GDP by 2016-2017 0.9 percent of GDP – 0.7 per cent of GDP. 6. article. Fix State budget financial balance volume and maximum public spending total 2015, 2016 and 2017.. year in accordance with Annex 1 of this law. 7. article. Fix State budget revenue forecasts in 2015, 2016 and 2017.. year in accordance with this law, annex 1 and 2. 8. article. Fix evening out the costs of eur 1 026 907 468 in 2016, including the European Union's structural and cohesion funds expenditure 505 230 889 spread across the euro and the common agricultural policy and the common fisheries policy expenditure spread across 521 676 579 euros. 9. article. Fix evening out the costs of eur 1 395 850 943 in 2017, including the European Union's structural and cohesion funds expenditure spread across 541 993 262 euro, common agricultural policy and the common fisheries policy expenditure of eur 556 117 681 spread across and State debt service expenditure spread across 297 740 000 euro. 10. article. Determine that the fiscal security reserve in 2016 are not created. 11. article. Determine that the fiscal year 2017. collateral margin is 0.1 percent of GDP. 12. article. Determine the corrected maximum levels of public spending in 2015 7 472 353 562 euros euro 2016 and 2017 in 6 597 582 710.6 578 773 469 euro per year. 13. 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 2015. for the year in accordance with annex 3. 14. article. Based on the forecasts of revenue and files provided to the approved State budget expenditure, and in 2016, 2015.2017, as well as taking into account the measures approved in the field of taxation, local authorities in the medium term ensures stable revenue growth rate of the personal income tax revenue Division of local government budgets and the State budget of 80 percent to 20 percent, respectively. 15. article. The annual total of local borrowing levels increase in the medium term, 2015, 2016 and 2017.. year is set at 118 million. The Ministry of finance assessed the possible total borrowing limit (total borrowing and repayment of the loans previously taken) and local associations, which according to the law "on local governments" article 96 shall be entitled to be represented by local governments, the proposals submitted loan priority objectives and preparing the annual State budget law, the draft provides for the conditions for receiving loans to local authorities in the field of the current financial year, up to certain municipalities in the medium term, the total increase in borrowing levels. The law shall enter into force on January 1, 2015. The Parliament adopted the law in 2014 on December 17. The President a. Smith in Riga 2014 on December 30, annex 1 Annex 2 in EXCEL format, EXCEL format, EXCEL format in annex 3.