On The Financing Of Government Spending From The Federal Budget In The First Quarter Of The Year 1995

Original Language Title: О финансировании государственных расходов из федерального бюджета в I квартале 1995 года

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102034092

RUSSIAN FEDERATION FEDERAL law on financing public spending from the federal budget in the first quarter of 1995 the State Duma was adopted December 23, 1994 year approved by the Federation Council January 18, 1995 year Article 1 the Government of the Russian Federation to implement in the first quarter of 1995 year, funding from the federal budget on the basis of projections for the first quarter of the federal budget for the year 1995, submitted by the Government of the Russian Federation in the State Duma in a measure of the actual revenues to the federal budget of taxes and other payments and borrowing of up to 18 trillion. rubles, including credit, Central Bank of the Russian Federation in the amount of 5.0 trillion. rubles.
Article 2 the Central Bank of the Russian Federation to provide the Government of the Russian Federation in the first quarter of 1995 year credit of 5.0 trillion. rubles to cover the temporary gap between current income and expenditures of the federal budget for the year 1995 under 10 percent per annum for a period of six months. Allow as a form of crediting the Federal deficit for 1995 year the Russian Federation Central Bank buying, in exceptional cases, the limited size of Government securities when their primary placement within the specified 5.0 trillion. rubles.
Article 3 Pass in the first quarter of the year 1995 in the budgets of the constituent entities of the Russian Federation: 25 percent of the revenue from the value-added tax for goods (works, services) produced on the territory of the Russian Federation, except for VAT on precious metals and precious stones, to be submitted to the State Fund of precious metals and precious stones of the Russian Federation and over;
50 percent of the revenue from excise taxes on alcohol, vodka and liqueur-vodka products, with the exception of similar imported goods imported into the territory of the Russian Federation;
100 percent of the revenue from excise taxes on the remaining excisable goods except for excise duties on oil, gas, gasoline, automobiles and imported excisable goods imported into the territory of the Russian Federation;
90 percent of the revenue from the income tax from physical persons;
income tax on enterprises and organizations assessed by State authorities of the constituent entities of the Russian Federation, but not exceeding 22 per cent and for exchanges, brokerages, banks and insurers, as well as other companies and organizations to profit from brokering transactions at rates no higher than 30 per cent;
payments for the use of natural resources (according to standards established by the law of the Russian Federation on the bowels ");
deductions for reproduction of mineral-raw-material base on generally used mineral left at the disposal of the constituent entities of the Russian Federation to finance exploration work;
transport tax.
Article 4 to recommend to the organs of State power of constituent entities of the Russian Federation to apply to January 1, 1995 year tariffs of fees for water, a collectible industry of water management systems in force on December 31, 1994 year, by a factor of 2.
Article 5 Credit in the first quarter of 1995 year in federal budget income tax of enterprises and organizations (including banks and insurers) at a rate of 13 per cent.
Article 6 the Central Bank of the Russian Federation in advance transfer income profit for the 1995 federal budget year of $1.75 trillion. rubles in equal instalments in February-March 1995 year.
Article 7 established that in the first quarter of 1995 year Federal Fund for financial support of constituent entities of the Russian Federation is formed by 27 percent of the revenue from the value-added tax for goods (works, services) produced in the Russian Federation, through its share of coming into the federal budget (excluding value added tax on precious metals and precious stones, to be submitted to the State Fund of precious metals and precious stones of the Russian Federation and over). The share of each constituent entity of the Russian Federation shall be determined on the basis of projections of the federal budget for the year 1995, submitted by the Government of the Russian Federation.
Article 8 the Government of the Russian Federation prior to the entry into force of the Federal law on the federal budget for the year 1995 "do not withhold federal budget funds received in repayment of loans issued in 1994 year federal budgetary loans to ensure timely delivery of products (goods) in areas of the far North and similar areas with limited terms of navigation.
Article 9 established that funds the federal budget on a returnable basis are provided in the first quarter of 1995 year, subject to the following conditions: to finance public investment programmes and defense conversion investment nature-the payment of interest provided by means of agreements entered into after October 1, 1994 onwards at the rate of 1/4 of the current discount rate of the Central Bank of the Russian Federation;

for funding for State financial support for the delivery of the products (products) in areas of the far North and similar terrain for a period not exceeding 18 months from the payment of interests for use of the funds provided in the amount of 1/3 of the current discount rate of the Central Bank of the Russian Federation;
for procurement of agricultural products in Federal Food Fund for a period not exceeding one year with payment of interests for use of the funds provided in the amount of 1/3 of the current discount rate of the Central Bank of the Russian Federation;
for the formation of Federal financial support fund seasonal billet fuel at power plants, gas injection into underground storage, for repair of power equipment, as well as the provision of fuel for a period not exceeding one year with payment of interests for use of the funds provided in the amount of 1/3 of the current discount rate of the Central Bank of the Russian Federation.
Article 10 Repeal since January 1, 1995 year benefits granted to previous decisions of the federal legislative and executive authorities in contradiction to established budgetary legislation principles of relations with the federal budget, the budgets of the constituent entities of the Russian Federation and violation of the unified approach in fiscal relations with the regions. Establish that decisions about State support of the individual subjects of the Russian Federation should be included in the federal budget.
Article 11 Save in the first quarter of 1995 year the scope of article 14 of the Federal law on the federal budget for the year 1994 ".
Article 12 the Government of the Russian Federation to the year March 1, 1995 to submit to the State Duma of the report about expenditure of funds allocated by the Ministry of Finance of the Russian Federation to ensure the financing of the measures envisaged by the Decree of the Government of the Russian Federation N 1360 from December 9, 1994 year.
Article 13 this federal law shall enter into force on the day of its official publication.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N 11 February 1, 1995-FZ