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

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
RUSSIAN FEDERATION FEDERAL LAW On financing government expenditures from federal budget in the first quarter of 1995 Adopted by the State Duma on 23 December 1994 Approved by the Federation Council on 18 January 1995 Article 1 of the Russian Federation Government to implement in the first quarter of 1995 expenses from the federal budget based on the design of the first quarter of the federal budget for 1995, submitted by the Government of the Russian Federation The Federation is to be considered by the State Duma for consideration, as a measure of actual revenues to the federal budget and other payments and borrowing of up to 18 trillion dollars. The Central Bank of Russia has given up to 5.0 trillion rubles ($31.9 billion) in the Central Bank of the Russian Federation. -Ruble. Article 2 , the Central Bank of the Russian Federation, to provide the Government of the Russian Federation in the first quarter of 1995 with a credit of $5.0 trillion. "The budget deficit will amount to 1 billion rubles ($10 billion)," he said. Allow as a form of crediting the deficit of the federal budget for 1995, the Central Bank of the Russian Federation, in exceptional cases, to buy in limited amounts of state securities when their primary placement is within the limits of 5.0 trillion -Ruble. Article 3 To transfer in the first quarter of 1995 to the budgets of the constituent entities of the Russian Federation: 25 per cent of the value added tax on goods (work, services) produced in the territory of the Russian Federation The Federation, except for the value added tax on precious metals and precious stones, placed in the State Fund for precious metals and precious stones of the Russian Federation and released from it; 50 per cent of the proceeds Excise duties on alcohol, vodka and liquor, with the exception of similar excises Imports of goods imported into the territory of the Russian Federation; 100 per cent of excise duties on other excisable goods, except excise duties on oil, gas, petrol, cars and excise imports, imported into The territory of the Russian Federation; 90 per cent of income tax revenues from natural persons; income tax for enterprises and organizations at rates to be established by the State authorities of the constituent entities of the Russian Federation The Federation, but not more than 22 per cent, but for exchanges, brokerers, banks and insurers, Other enterprises and organizations on profits obtained from intermediary operations and transactions, at a rate not exceeding 30 per cent; , payments for the use of natural resources (according to the regulations established by the Russian Federation Act " Subsoil "); of the Russian Federation Exploration work; transport tax. Article 4 Recommended to the State authorities of the constituent entities of the Russian Federation to apply tariffs for water, selected by industrial enterprises from water systems, which were in effect on 1 January 1995 in December 1994, with a factor of 2. Article 5 List in the first quarter of 1995 the profits 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, will pay 1.75 trillion dollars in income for the federal budget for 1995. By the end of the year, the rate was set at 10 per cent. Article 7 To establish that in the first quarter of 1995 the Federal Fund for Financial Support of the Actors of the Russian Federation is formed by 27 per cent of the value added tax on goods (work, services), made in the Russian Federation, by its share in the federal budget (excluding value added tax on precious metals and precious stones deposited in the State Fund for precious metals and precious stones) of the Russian Federation). The share of each constituent entity of the Russian Federation is determined on the basis of the federal budget projection for 1995 submitted by the Government of the Russian Federation. Article 8 Government of the Russian Federation before the entry into force of the federal law "On the federal budget for 1995" seize funds from the federal budget for the repayment of federal budget loans in 1994 to ensure the timely delivery of goods (goods) to areas of the Far North and similar areas with limited duration. navigation. Article 9 Identify that the federal budget on a recoverable basis is provided in the first quarter of 1995 under the following conditions: to finance government investment programs and programs Conversion of the investment sector of the defence industry-with interest paid for the use of the funds provided under agreements entered into after 1 October 1994 in the amount of 1/4 of the effective discount rate of the Central Bank of the Russian Federation THE RUSSIAN FEDERATION; { \cs6\f1\cf6\lang1024 } Financial support for the importation of products (goods) into areas of the Far North and similar areas, for a period not exceeding 18 months, with interest paid in the amount of 1/3 of the effective discount rate of the Central Bank of the Russian Federation; for the purchase of agricultural products to the Federal Food Fund for a period of no more than one year with interest payments for the use of the funds provided in the amount of 1/3 of the current account. Central Bank of the Russian Federation; The Federal Fund for Financial Support of Seasonal Fuel Stubs at power plants, pumping gas into underground storage facilities, carrying out of measures for the repair of energy equipment, as well as providing the population with fuel for a period of not more than one of the Central Bank of the Russian Federation. Article 10 Article 10 Repeal as of 1 January 1995 benefits granted earlier by legislative and executive decisions of the federal legislative and executive authorities in contravention of established budgetary laws " The federal budget is based on the federal budget with the budgets of the constituent entities of the Russian Federation and the violation of the unified approach in the financial and budgetary relations with the regions. The decision on state support of certain subjects of the Russian Federation should be provided in the federal budget. Article 11 Article 14 of the Federal Law in the first quarter of 1995 " The Federal Budget for 1994". Article 12 of the Government of the Russian Federation by 1 March 1995 to introduce State Duma report on the expenditure of funds allocated by the Ministry of Finance of the Russian Federation to ensure the financing of the activities stipulated in the resolution of the Government of the Russian Federation N 1360 of 9 December 1994 Article 13 This Federal Law shall enter into force on the date of its official publication. President of the Russian Federation Yeltsin Moscow, Kremlin 1 February 1995 N 11-FZ