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Cabinet of Ministers Regulations No. 497 in Riga, July 5 2005 (pr. No 38. § 18) the rules on public debt and municipal debt accounting classification Issued under the law on budget and financial management article 11 and paragraph 2 of article 43 first paragraph 1. General provisions 1. rules set a single national debt and the debt of local authorities (hereinafter referred to as the display) the classification of accounting (1) and (2) the State budget and municipal budget planning, accounting and reporting. 2. displays the accounting classification of State and local budget institutions (hereinafter referred to as classification) determines the shows the breakdown by type of commitments and the vendor to ensure systematic information, collection and analysis. 3. classification provides the ability to analyze the utilization of budgetary resources and the records of State and local government budget. 2. The classification by vendor type 4. Classification categories by vendor type lists the various debt obligations. Classification of positions cover the entire financial payment flows between various State and local budgets, financial and other institutions and organizations that make up that State and local governments, financial and other institutions and organizations of financial liabilities (except for obligations arising from the implementation of national economic policy). 2.1. Internal debt 5. Classification under the "inner debt" lists all debt obligations arising between different levels of government budgets and the CAI-saving units according to the classification of the distribution, i.e., State budget and special budget, local budget and special budget. 6. the classification category "other public administration bodies" lists all debt obligations designed in the form of a contract with a specific repayment, against any sign of met budget levels, loan, refund, sale and redemption of securities, as well as the Government (authorities) are released to the changes in the volume of securities that are purchased by other budget (State or local government) level or one level of the budget the budget of the different types of regulatory authorities, to improve their financial liquidity. This classification category in the national debt obligations are not listed in the consolidation of the State budget and special budget accounts. However, this classification category not held its debt obligations, which the owners are State and local governments non-financial commercial companies and financial institutions of the country. 7. the classification category "Latvijas" lists all requirements and debt obligations, direct loans and advances, as well as Government owned Government securities. This classification category lists also the International Monetary Fund, in the context of the International Monetary Fund is the primary means of money and credit management. So any financial transfers, reflected in the Government's accounts in connection with the International Monetary Fund, should be accounted for as liabilities to the Bank of Latvia. This classification category not held its debt obligations, which the owners are money-credit regulatory authority if they are national fiscal agents or agents on behalf of the State, which collects debts. 8. the classification of the category ' commercial banks ' lists all direct accounts in the US and advance payments that the State and municipal budget, the State budget and local authority budgets received from commercial banks, as well as of commercial property in the State and local government securities released. This classification category may not classify it in State and local government securities, the amount of which purchased commercial bank customers and which they stored in commercial bank accounts. This is reflected in the volume of securities according to their actual owners of classification categories (not of government financial institutions, non-financial, non-financial legal and natural persons). 9. Classification category "General internal debt" classified all debts against the previously unclassified a financial institution other than other national governing bodies, money-credit control institutions and commercial banks. This classification category list all debt obligations, which are formed by insurance companies, the various reserves and pension funds, which operate outside the public sector. 10. Classification category "internal debt valuation adjustments" If the statements, obtained from different sources of information, the holder of the securities the securities value after purchase or specify the actual market prices, but regulatory authorities specified by the nominal or deletion. It is therefore necessary for the assessment of the amount of the securities. 2.2. the external debt of 11. classification under "external debt" lists all its debt obligations are not deleted with a fixed time limit within which the holder is a non-resident. 12. Classification category "organized by the world economic development information in" list all debt obligations to international development organizations (such as the world bank, the Asian development bank), which combines the different Member States, and thus show the relationship can not be attributed to any particular State Government. 13. Classification category "foreign government administrations ' tab shows the commitment of foreign government regulatory authorities and bodies, including the funds of the credit institution which are created entirely from public funds. This classification category indicates who repaid the debt, both foreign and national currency. 14. Classification under the heading "other external debt" lists all debt obligations, which are owned by non-residents (except for world economic development organizations and foreign authorities): 14.1 classification under the heading "Bank loans and advances" indicates the State and local government obligations to banks-non-residents, which consists of bank loans and advances. This classification category includes state securities that are not traded in the market or not suitable for it. In many cases, the non-resident bank, own assets are in the form of Government securities, which are intended for circulation, and against which the bank may speak as a guarantee, the broker or the provisional holder, so these may not distribute securities in a separate category and they should be given as the overall external debt;
14.2. the classification of the category "supplier credit" includes the direct obligations of the League with a fixed time between public administrations and suppliers – not residents entered into credit in the form of public procurement. This classification category need not be given unpaid bills, which brings in performers, issued by non-residents, and not as the contractual obligations entered into by the fixed deadline. 15. Classification category "external debt valuation adjustments" data evaluation can be different if the data on individual vendors-non-residents, which is the national debt obligation holders, and reports on the overall size of the foreign debt have been received from various sources. The amount of securities, the holders of the Bills, noted after the acquisition or the actual market prices, but regulatory authorities specified by the nominal, or deleted, so the prices of securities in the amount of assessment necessary adjustments. 3. Classification by type of relationship the classification categories after 16. commitment type includes all the direct contractual arrangements between the headquarters and the other economic sectors, which the authorities want to delete a specific date. 3.1. Internal debt 17. Classification under the "inner debt" includes any direct regulatory structure not deleted shows commitment to the residents. 18. the classification category "long bonds" indicates the securities that are the property of the residents and whose maturity is more than one year. Those securities have a fixed interest rate or interest rate tied to an index. Long-term bonds to be deleted at the date set in the emissions statement. This classification category also indicate medium-term bonds, which have a maturity of between one and five years. 19. the classification category "short-term promissory notes and bills of Exchange" include securities that are owned by the residents and whose maturity does not exceed one year. These securities are intended for public circulation, and interest on those securities shall be calculated in relation to par. This will delete the vērtsp Pierce at face value on the date specified in the notice of emissions. 20. Classification category "long-term loans, which do not apply to other types of classification" tab of the residents received loans whose maturity is more than one year and not the market or securities circulation. This classification category includes any of the banks and suppliers – the residents received loans with a fixed maturity. This classification category also indicate all circulation not existing long-term debt obligations by the governing bodies. 21. the classification category "short-term loans and advances that are not attributed to other types of classification" tab of the residents received loans whose maturity does not exceed a year and which is not provided by the market or circulation for worth paper. This klasifik tion in the category indicates from banks and suppliers received short-term loans and advances, excluding current debt for unpaid liabilities that is not predesigned contracts with specified repayment terms. 22. the classification category ' other internal obligations "within the rest of the administrative structure of the contractual obligations towards the residents that are not included in the above categories. For example, this classification category include bank funds after specific (OVERDRAF), as well as the conventional deposit and Bill form, which are managed by the authority. This classification category also indicate the structure of the regulatory obligations of money-credit regulatory authorities. 3.2. External debt 23. classification under "external debt" includes all direct not deleted show contractual obligations with fixed period between Headquarters and non-residents. 24. the classification category of the "long bond", "short-term debt and bills", "long-term loans, which do not apply to other types of classification", "short-term loans and advances that are not attributed to other types of classification", "other external liabilities" indicates the types of debts, which are described in section 3.1 of these regulations, only in this case they are non-residents. Prime Minister, Health Minister g. Smith Minister of finance Spurdziņš o. Annex 1 Cabinet July 5, 2005, regulations no 497 displays a classification by vendor type i. internal debt 1. Other public administration bodies: 1.1. other levels of the same public administration bodies;
1.2. other levels of the public administration bodies.
2. the Bank of Latvia.
3. Commercial banks.
4. General internal debt: 4.1 other financial institutions;
4.2. national non-financial corporates;
4.3. private non-financial sector: 4.3.1. economic operators;
4.3.2. the population;
4.4. other internal debt, not classified above.
5. evaluation of the internal debt.
II. External debt 6. World economic development organizations.
7. Foreign government regulatory authorities.
8. the overall external debt: 8.1. bank loans and advances;
8.2. supplier credit;
8.3. the General external debt, not classified above.
9. the external evaluation of the debt adjustment. Minister of finance Spurdziņš o. Annex 2 Cabinet July 5, 2005, regulations no 497 shows relationship the classification by type i. internal debt 1. long-term bonds.
2. short-term promissory notes and bills of Exchange.
3. long-term borrowings that are not attributed to other types of classification.
4. Short-term loans and advances that are not attributed to other types of classification.
5. other internal commitment.
II. External debt 6. long-term bonds.
7. short-term promissory notes and bills of Exchange.
8. long-term borrowings that are not attributed to other types of classification.
9. Short-term loans and advances that are not attributed to other types of classification.
10. Other liabilities. Minister of finance Spurdziņš o.
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