Cabinet of Ministers Regulations No. 377 (. 49, 3. ¤) Riga 1996 October 8 public investment programming, financing and marketing arrangements in accordance with the issued by the Cabinet of Ministers Act article 14 machine (3) i. General questions 1. terms used in the rules: 1.1. investment — investment in total capital formation, including the production process, the resulting material assets, intangible assets, non-financial means not producing improvements as well as changes in stocks of raw materials and materials , finished goods and work in progress manufacturing changes and use of valuable resources for the purchase;
1.2. public investment, public investment made by the public (for public performers and companies (companies) with a State or local government capital participation);
1.3. investment project: sequential set of measures with a specific sales graphics, which includes steps to acquire or produce material or non-material benefits and achieve investment objectives referred to in the project, and which has a specific investment project organizational structure and resources needed for marketing reasons;
1.4. Government investment in infrastructure — investment project set to be included in the Government's list of approved project and who each year is assigned or scheduled public funds;
1.5. national investment program project: submitted to the investment project, which the applicant wishes to realize the public investment programme and which is submitted to the Ministry of the economy;
1.6. the national investment programme includes the project: investment projects, which are assigned to the State investment programme for the implementation of financial resources.
2. Government investment in the development of the tasks and objectives: 2.1 coordinate infrastructure development required investment volumes with the available domestic and foreign resources;
2.2. ensuring compliance of projects to be financed by Governments and relevant sectoral strategies;
2.3. provide resources for investment projects, which is expected to result in greater sales benefits the national economy;
2.4. provide maintenance expenses for investment projects;
2.5. to reflect the national priorities in the public investment program, to inform them about potential funders and redirect the allocated resources for priority sectors;
2.6. improve the quality of preparation of investment projects, as well as to respect the uniform time limits where investment project preparation, evaluation, marketing and control.
3. the national investment programme is being developed for the period of each year for the next three years. The State investment programme in the Ministry of Economic development, taking into account the Government's declaration period concerned certain priorities, financial strategy and economic developments.
4. public investment program included: 4.1 the Ministry of investment projects;
4.2. local government investment projects;
4.3. national programmes with long-term funding (more than one year);
4.4. the technical assistance programmes that are directly related to public investment projects.
5. The Cabinet of Ministers approved the national investment programme and its financing volume simultaneously with the national budget to be submitted to the Saeima. Only the cabinet can make amendments to the approved national investment program based on the amount of financing approved by the Saeima of the annual State budget law.
6. the national investment programme to be financed from the following sources of Finance: 6.1. national General, special budgets and funds;
6.2. the foreign government loans;
6.3. loans guaranteed by the Government;
6.4. for the purposes of the investment project's features;
6.5. domestic and foreign investment without government guarantees;
6.6. the assistance and donations in the form of funds, including foreign non-repayable assistance.
7. Better public investment program for the disposal of the Government funding can be combined with the end of the project's funds and loans without State guarantees.
8. the national investment programme covering control of the financial sector, the Ministry carried out jointly with the Ministry of finance.
II. the national investment programme management and functional graphic 9. Ministry of Economy is responsible for public investment programming and updates, as well as for submitting it to the Cabinet for consideration. To perform these tasks, the Ministry of economy: 9.1. current year 1 may collect relevant ministries and institutions investment projects submitted by the national investment programme in the database;
9.2. by 1 July of the current year to analyse and evaluate investment projects in economic, financial and social benefits;
9.3. until 1 July of the current year to prepare an investment program in accordance with the Cabinet's industrial strategy and relevant sectoral ministries and municipal investment strategy, as well as taking into account the priority of the projects submitted and their economic, financial and social benefits;
9.4. until 1 July of the current year in the framework of the national investment programme with the relevant ministries; investment projects associated with the realization of the function of local government, consistent with the protection of the environment and regional development Ministry.
9.5. submit to the Cabinet in the State investment programme at the State budget;
9.6. the press and other mass media mediation presents society with a government investment program and its mission;
9.7. the present foreign countries and international organizations with the State investment programme;
9.8. jointly with the Ministry of finance and the Ministry of development of the sector concerned proposals for foreign investment in the acquisition and distribution of the proposed country programme of investment projects;
9.9. provide methodological and advisory assistance to ministries to prepare investment projects for inclusion in the public investment programme;
9.10. organize their professional level of specialists training, which prepares and distributes investment projects, and involving them in training organised by the Ministry of the economy;
9.11. the development of sample forms, which must be submitted in accordance with the investment concept of the project and investment projects, as well as other necessary information; those forms approved by the Minister of Economic Affairs;
9.12. develop recommendations for the preparation of the investment project; those recommendations approved by the Minister of Economic Affairs;
9.13. once a year (the second quarter) jointly with the Ministry of finance and the Ministry shall draw up a report to the Government on the public investment program.
10. the national investment programme of the Cabinet of Ministers, in accordance with the law on budget and financial management "(Latvian journal, 1994, nr. 41) and, after the entry into force of the law on State budget for the current year, the Ministry of finance is responsible for the provision of funding to the public investment programme, and the control of targeted public investment and legitimate usage. To perform these tasks, the Ministry of Finance: 10.1 shall be drawn up each year the gross domestic product, the country's foreign debt, the total of the budget and public investment budget and credit the amount forecast for parts of three years;
10.2. coordinate with the Ministry of the economy and include public investment programme and budget from foreign repayable loan portion of the national budget, including funds requested for the coming years to finance long-term projects in accordance with the law "on budget and financial management", article 21, paragraph 5;
10.3. jointly with the Ministry of economy and the Ministry after a positive rating on loan repayment options make public investment program requires attraction of credit resources of foreign government investment in the financing of part of credit;
10.4. jointly with the Ministry of finance investment project development schedule and inform the project artists;
10.5. in accordance with the schedule of financing the project jointly with the industry Ministry controls the financial resources allocated for the targeted use of legitimate and in accordance with the conditions laid down in the draft;
10.6. jointly with the concerned ministries and State institutions plan and attract foreign resources for technical assistance for the preparation of investment projects and realization;
10.7. the investment project financial control of the funds are used in accordance with the report submitted by the Ministry;
10.8. provide methodological and advisory assistance of the investment project financial management.
11. under the authority of the Ministry and the institutions and authorities shall undertake the following tasks: 11.1. the Ministry in the development sector investment strategy and update it each year;
11.2. identifying and developing projects under the investment strategy, the national regional development policy and that regional planning for existing or prospective and submit them to the relevant sectoral ministries;

11.3. the Ministry evaluated investment projects arranged according to priority sectors for investment strategy and the list shall be submitted to the Ministry of the economy;
11.4. the development of the investment project submitted its evaluation of concepts and the Ministry of the economy;
11.5. off-budget funding of the attract investment for project preparation and implementation, as well as inform the Ministry of economy and the Ministry of finance;
11.6. the Ministry and the Ministry of the economy shall evaluate investment projects of economic, financial and social sector investment compliance strategy;
7.3. the concerned Ministry within their competence, are responsible for realization of investment projects and control after a project is approved for funding;
11.8. the Ministry annually (the second quarter) prepare and submit a report to the Ministry of the economy and Finance Ministry on the realization of investment projects.
III. coordination of national investment programmes 12. Public investment programming, coordination and control of the Ministry of the economy carried out in accordance with the law and 12.1: legislation;
12.2. the Government provided for in the Declaration of operational objectives;
12.3. the Government approved macroeconomic development strategy.
13. the Ministry of Economic development projects in legislation, to ensure the realization of the investment program.
14. the Ministry of Finance in cooperation with the Ministry of economy in the development of draft legislation, to ensure the financing of the investment programme.
IV. Public investment programme and project development 15. public investment programme drawn up on the basis of sectoral investment strategy and the Ministry of communications ordered priority investment projects.
16. Public investment program to reflect the Government's priority action lines, they put economic and political objectives and the relevant ministries in monitoring existing sectoral development strategy, as well as that programme should include the following content: 16.1. the characteristics of the macro-economic situation;
16.2. national investment programs goals and objectives;
16.3. the national investment programme includes sectoral development strategies and challenges;
16.4. public investment in projects included a set of measures and deadlines;
16.5. the national investment programme resources and the expected capture and terms and conditions of use;
16.6. the anticipated interest, economic and social effects, if it is realized that particular country investment program project.
17. the national investment programs projects prepared in accordance with the Economic Ministers approved the recommendations for submission to the Ministry of Economics of the project and their inclusion in the public investment program.
18. Investment projects to include in the public investment programme, to be submitted to the Ministry in the sector concerned. Institutions that are not subject to sectoral ministries, their projects by the industry Ministry, which corresponds to the scope of the project. The Ministry up to the current year's April 1 investment projects submitted to the Ministry of the economy, so that they could be included in next year's public investment program.
19. project description should include the following content: 19.1. purpose of the project;
19.2. the description of the situation in the area where the project is proposed, and the development of the project description;
19.3. the project requires a description of the measures and deadlines;
19.4. the project cost-benefit analysis, where possible, the numeric form of the practice used for the evaluation of project benefits;
19.5. the project risk assessment;
12.2. the impact on the State budget, the operating costs, savings or additional income by project;
19.7. ecological expertise in accordance with the opinion of the law "on State ecological expertise" (the Republic of Latvia Supreme Council and Government Informant, 1990, nr 45.);
19.8. the person responsible for the project;
12.4. the project development;
19.10. possible credit sources and volumes, credit conditions and repayment schedules, if negotiations with potential credit grantors;
19.11. demanded the distribution of funds over the years, funding sources and measures.
20. Investment project finance from the Government guaranteed the loan taken or planned and included in the State budget at the Finance Ministry's positive opinion.
21. After the adoption of the national investment programme of the Cabinet of Ministers and after the entry into force of the law on State budget for the current year, it constitutes a basis for the sectors concerned and under the authority of the Ministry and local government investment projects.
22. the national investment programme is being updated each year and in accordance with the Ministry reports on previous year's investment projects and new investment proposals according to each next year's financial capabilities.
V. national investment program funding sources 23. Ministry of Finance after the entry into force of the law on State budget for the current year, according to the Cabinet of Ministers approved the State programme for the financing of investment and financing of the project and schedule them to public investment programme and its control.
24. the Ministry of finance in the development of the State budget, the State investment programme for financing provides funds each year from the State budget: 24.1, not less than one percent of the gross domestic product;
24.2. the State guaranteed loans, not less than two percent of gross domestic product;
24.3. other financial sources that associate with the Ministry of Finance and the Ministry of the economy or which are associated with the same investment project end options;
15.2. the municipal budget resources in realizing local investment projects with the participation of the public investment programme.
25. the national investment programme financed from the State budget in the following order: 25.1. the Ministry of Finance, jointly with the Ministry in the development financing of investment projects in accordance with the timetable, which is regularly funded investment projects approved, and submitted to the Ministry of the economy;
25.2. the Ministry twice a year (March 1 and august 1) submitted to the Ministry of Economy reports on investment projects and on the financial resources allocated to the project on the use of previous financial half year, as well as for the further realization of the project and the necessary funding;
25.3. the Ministry of the economy gathers twice a year and sent to the Ministry of finance monitoring reports, to align it with the Government investment program approved financial leverage and future required funding;
25.4. The Ministry of economy, Ministry of the sectors concerned collected information submitted, reflecting the State of the national investment programs realization, analyse their, drawing up an opinion on the public investment program, submit a report to the Finance Ministry and the Cabinet, prepares proposals on the measures to be taken and after coordination with the concerned Ministry includes in next year's public investment programme.
26. the Ministry of Economic Affairs jointly with the Ministry of industry under the Ministry submitted a report on the State of realization of the investment program in the previous year and on the future development of the necessary financing public investment programme, which is coordinated with relevant departments of the Ministry of finance.
Vi. Public investment programme control 27. Investment projects realization of economic and technical supervision over the Ministry, which twice a year, according to Minister of economy approved form shall be submitted to the Ministry of the economy, information on investment project.
28. The Ministry of finance, jointly with the Ministry of Finance carries out control, taking into account the project financial estimate and schedule. The use of foreign loans and repayment arrangements established to control any particular loan agreement.
29. the investment project realization process monitoring obtained results summaries used to make operational decisions investment, project management and marketing measures for improvement.
30. The Ministry's report on the progress of the project must be submitted to the Ministry of Economy and Ministry of finance under the State investment programs functional graphics.
31. the Ministry of Finance, in accordance with national investment programs functional graphics up to the current year's April 1 shall submit to the Ministry of Economic Affairs report on the use of financial resources, to prepare a report to the Cabinet on the previous year's national investment programs realization.
32. Government investment in the area there is such a division of competences: 32.1. Ministry of the economy shall prepare a public investment program. It works jointly with the Ministry of finance and investment promoters, analyze investment projects and provide recommendations for project applicants project selection, preparation, and analysis. The Ministry of economy determines the State important projects;

32.2. the Ministry of Finance plans to budgetary resources and distributed them to the investment and maintenance costs. The Finance Ministry negotiate foreign loans and credit agreements concluded as well as coordinate foreign non-refundable assistance and Latvia public investment in accounting and control;
32.3. the Ministry and other institutions (in cooperation with the relevant ministries), project selection, prepare applications and submit them to the Ministry of the economy. Each institution which participates in the development of the investment project, designate the person responsible for the preparation of investment projects and cooperation with the Ministry of economy.
The Prime Minister A. Economic Minister slice g. shore