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Amendments To The Law On Budget And Financial Management

Original Language Title: Grozījumi Likumā par budžetu un finanšu vadību

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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; 2009, 13, 15, 20 no; Latvian journal, 2009, 200. no; 2010, 206.178. no; 2011, 103, 117, 184, 204. no; 2012, nr. 190; 13.193.80, no.) the amendments are as follows: 1. Article 9: turn off the 14th part 4; Supplement to the sixteenth article of the following wording: "(16) the Minister of Finance has the right to increase the annual State budget act in the State shows the appropriations for fulfilling commitments and extend the limits of government action in unforeseen circumstances cause the Government obligations in the case of the parliamentary budgetary and financial (tax) the Commission shall, within five working days of the receipt of the information in question has not objected to the increase in appropriations and Government action over the border." 2. To make the ninth subparagraph of article 16.2 as follows: "(9) to the current medium-term budgetary framework for the entry into force of the law of the previous medium-term budgetary framework rules which apply to the second and third years of operation, it is not suitable." 3. Express article 37 as follows: "article 37. Guarantees (1) guarantees on behalf of the State is to provide: 1) on commitments, which invest in a corporation that undertakes State or local part, individually or in total share capital exceeds 50 percent, and several local governments built a corporation in which the local government share capital total share exceeding 65 per cent and according to the classification of institutional sectors are included in the non-financial business sector; 2) taken on commitments to provide funding to the legislation approved business support programmes; 3) study and student lending. (2) guarantees not provided, if there is at least one of the following conditions: 1) there is an increased risk of repayment of the loan; 2) guarantee the applicant's obligations, which had previously provided a guarantee on behalf of the State or Government loan, violated the specific guarantee or loan provision and monitoring procedures; 3 no guarantee.) (3) the decision on whether or not to provision the guarantee provision on behalf of the State in accordance with the annual national budget law adopted in the Cabinet. (4) If the Cabinet of Ministers adopted a decision on the first part of this article 1 and referred to in paragraph 2, the annual State budget Act included the provision of a guarantee, the Minister of Finance shall provide a guarantee under the authority of the Cabinet.
(5) the first paragraph of this article, paragraph 3 of the above guarantees, included in the annual State budget act in the Minister of Finance shall provide without a separate cabinet decision. (6) the provision of the guarantee, and supervision procedures determined by the Cabinet of Ministers. (7) if the pārkreditēt has already issued the loan, for which the State guarantee on behalf of, and does not increase the guarantee, on behalf of the State guarantee provided for in the annual State budget law are not included. (8) the expenses incurred by the State guarantee on behalf of, apply to public debt obligations. (9) the Minister of finance cabinet order shall be entitled, without application of the first, second, third, fourth, fifth and sixth conditions, decide on the guarantee of the provision of this law in the first part of article 8.1 for the purposes of marketing. This right of the Minister of finance may be used, if both the following conditions are respected: 1) of the Act in the first part of article 8.1 of the objectives set out in the marketing of the estimated total amount of the guarantee during the financial year does not exceed 10 percent of the annual State budget act in the volume of gross domestic product in the financial year; 2) Saeima in a separate decision has agreed to guarantee. (10) If this law in the first part of article 8.1 of the realisation of the objectives set out the estimated total amount of the guarantee during the financial year exceed 10 percent of the annual State budget act in the volume of gross domestic product in the financial year, the cabinet shall submit the amendments to the annual national budget Act. " 4. Express article 39 the following: ' article 39. National debt obligations expenditure national debt obligations shall be made in accordance with the provisions of the agreement irrespective of annual State budget resources provided for this purpose and action of the Government set out the permitted boundaries. If the Minister of finance finds that expenditure national debt obligations exceed the annual State budget for this purpose resources in accordance with this law he article 9 the sixteenth part of the increase in the annual State budget act in the State shows the appropriations for fulfilling commitments and extend the Government's action limits of unforeseen circumstances lead to the commitment of the Government. " 5. the transitional provisions be supplemented by the following paragraph 72: "72. Article 37 of this law, the sixth part of these provisions, the Cabinet of Ministers issued up to 30 June 2014. Up to this date of entry into force of rules are applied to the Cabinet June 1, 2010, the Regulation No 501 "arrangements for the annual State budget bill includes requests on behalf of the State guarantees, and rendered the provision of the guarantee and supervision order, in so far as they do not conflict with this Act." The law shall enter into force on January 1, 2014. The Parliament adopted the law in 2013. on 6 November. The President a. Smith 2013 in Riga on November 27.