On Priority Measures In The Area Of Budgetary And Tax Policy

Original Language Title: О первоочередных мерах в области бюджетной и налоговой политики

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 priority measures in the area of budget and fiscal policy Adopted by the State Duma on 16 December 1998 Approved by the Federation Council December 23, 1998 (In the version of federal laws of 2 January 2000) N 23-FZ; of 05.08.2000 N 118-FZ; 06.08.2001 N 110-FZ; of 08.08.2001 N 130-FZ; of 10.12.2003 N 173-FZ; dated 29.07.2004 N 95-FZ; of 22.08.2004 N 122-F; dated 29.11.2004 N 141-FZ; dated 03.12.2008 N 233-FZ Article 1. In order to normalize the social and economic situation in the country in the fourth quarter of 1998 and to create prerequisites for the stabilization of public finances in 1999, Federal Law " About the federal budget for 1998 " 1464; N 29, st. 3398) the following changes and additions: 1. Article 26 should be supplemented as follows: " Allow the Government of the Russian Federation, within the margin between the 1998 approved level of the Federal Fund for Financial Support of the Actors of the Russian Federation, and of the Russian Federation's entities subject to the transfer, in accordance with article 37, paragraph 3, of this Federal Act, to be carried out in the fourth quarter of 1998: in the years 1996-1998 Housing and social facilities; , in accordance with the established procedure for mutual payment of the federal budget with the budgets of the constituent entities of the Russian Federation, the previous budgetary loans to pay arrears According to him, the salaries of employees of the budget sphere, as well as the payment of cash gaps, arising from the execution of the budgets of the subjects of the Russian Federation in the amount of up to $8.0bn. The federal budget, in accordance with the established procedure for the mutual payment of the federal budget with the budgets of the Kemerovo Region and the Republic of Komi, previously received by them, on the maintenance of social facilities transferred in 1996 In the case of the coal industry in municipal ownership, the amount is $335.0 million. In the first 10 days of the year, the total income Payments to the budget of the budget of the Rostov region in the amount of $47.0 million will be paid to the budget of the Rostov region. Social support of residents of the cities of Donetsk and Belaya Kalitva due to the unplanned closure of mines on the territories of these cities; settlement of accounts payable on utilities and compensation of loss on maintenance In the social sphere and housing stock of the Republic of Altai in the amount of 100.0 mln. The rouble. ". 2. Article 37 should be amended to read: " To establish that the funds received in the fourth quarter of 1998 to the constituent entities of the Russian Federation from the Federal Fund for Financial Support of the Actors of the Russian Federation are sent to Current payroll payments with mandatory insurance contributions to the Pension Fund of the Russian Federation, the Russian Federation Social Insurance Fund, the State Employment Fund of the Population of the Russian Federation and compulsory funds Medical insurance and child benefits. ". 3. Article 95 should be supplemented by the following: " Ministry of Finance of the Russian Federation to implement in September-October 1998 the issuance of a federal bond with a permanent coupon income (OFPRA) for a total value of 10.5 billion euros. The total amount of investment in the region in 2005 was $51.5 billion. In 2015, the president's income was 7.66 billion rubles. In 2014, the Russian president's income was 7.66 billion rubles. -Ruble. The Central Bank of the Russian Federation, in September-October 1998, purchased the bonds of a federal loan with a fixed-coupon income of 10.5 billion euros. Russian ruble is on the secondary market (through the Savings Bank of the Russian Federation). In the fourth quarter of 1998, the Central Bank of the Russian Federation would purchase bonds of a federal loan with permanent coupon income, with a nominal value of up to $25.2 billion. -Ruble. Set a maturity of $8.5 billion on such bonds. In 2015, the president's income was 7.66 billion rubles ($117.7 billion). In 2015, the president's income was 7.66 billion rubles ($16.2 million). In 2015, the president's income was 7.66 billion rubles ($1.75 billion). -Ruble. The Russian Finance Ministry's debt to the Central Bank of the Russian Federation for operations on the open market of securities in the amount of $5.7 billion is due to be accepted by the Central Bank of the Russian Federation. -Ruble. This debt is taken on the state internal debt of the Russian Federation by issuing bonds of a federal loan to the Russian Federation Central Bank of the Russian Federation with the permanent coupon In 2009, the total amount of the project is estimated at $85.3 billion. In 2015, the president's income was 8.88 billion rubles ($8.87). In May and November, the rate was 5 percent, in May and November. Article 113, after the words "the Court of Accounts of the Russian Federation", should be supplemented by the words "and the State Duma of the Federal Assembly of the Russian Federation". Article 2. The federal government budget for government securities (GCO and OFZ) maturing until December 31, 1999, providing the opportunity for owners of the SCC and OFZ to reinvest the received money in government securities. Article 3. The withdrawal of public short-term bonds and bonds of the federal loan with fixed and variable coupon income, with maturities of up to 31 December 1999 issued prior to 17 August 1998, is made by way of The Government of the Russian Federation, in coordination with the Central Bank of the Russian Federation, has been credited to the special investment bank account, the opening procedure and the regime of which is established by the Government of the Russian Federation. All operations for a special investment bank account, excluding revenue from the payment of government short-term coupon bonds and bonds of the federal loan with fixed and variable coupon until 31 December 1999, issued prior to 17 August 1998, and the investment of repayments in the newly issued government securities are suspended until the end of restructuring government securities. This article does not apply to the payment of government coupon bonds and bonds of the federal loan with fixed and variable coupon income with maturity until 31 December 1999 issued in circulation Until 17 August 1998, belonging to the residents of the Russian Federation, as well as to the Central Bank of the Russian Federation. Article 4. The Government of the Russian Federation and the Central Bank of the Russian Federation will transfer state securities, promissory notes of the Ministry of Finance of the Russian Federation to the Central Bank of the Russian Federation with maturity dates. (payments) up to 31 December 1999, as well as coupon (percentage) payments on these securities with a deadline of 31 December 1999, through the reinvestment of funds received from the federal budget the maturities in the government securities with maturities from 2013 to 2018 each year with a coupon rate of 5 per cent per annum. Article 5. For the purpose of timely payment of emergency payments and servicing the external debt of the Russian Federation, the Ministry of Finance of the Russian Federation should be allowed to attract Vnesheconombank's and Vneshtorgbank loans in 1998 for the purposes of The Russian Federation's external debt in the amount of up to $3 billion was owed to the Russian Federation. The Central Bank of the Russian Federation has transferred funds in foreign currency to these banks for a period of up to five years at minimum market rates. Article 6. The Government of the Russian Federation should cancel the debts of enterprises and organizations, including credit organizations, before the budget of the assessed fines and penalties incurred in the exchange of primary accommodation. The bonds of the domestic public foreign exchange bond (OCE) and their subsequent repayment (sales or other attrition). Article 7. The Government of the Russian Federation shall ensure, as a matter of priority, earmarking of funds for the discharge of military discharge accounts within the limits of the appropriations approved by the Federal Law "About the 1998 federal budget" . Article 8. The Government of the Russian Federation will ensure that funds are allocated for the financing of basic research and the promotion of scientific and technological progress to the average level of implementation of the expenditure part of the federal budget for 1998. Article 9. The Government of the Russian Federation shall implement measures to settle the arrears of the federal budget formed in the course of its execution in 1997-1998 by applying the mechanism of earmarked funding for the payment of arrears. The recipients of the federal budget, which is carried out with the participation of the suppliers of the budgetary funds. The Government of the Russian Federation will determine the amount of the federal debt to be paid and in accordance with Federal Law "On the federal budget for 1998" , the list of the articles of the economic classification of federal budget expenditures to be financed by means of a mechanism for earmarked funding of federal budget expenditures. " The Ministry of Finance of the Russian Federation, the State Tax Service of the Russian Federation, with the participation of the Central Bank of the Russian Federation, establish the procedure for opening and operating the accounts of the budget funds, enterprises and enterprises. organizations involved in the calculation of earmarked funding for federal budget expenditures. Calculations that result in a reduction in the amount of the current federal budget receipts are not allowed. The amount of the unsettled federal budget debt to the recipients of the federal budget is to be repaid within the relevant sections of the federal budget for five years starting in the year 2000. Article 10. In order to ensure that payments are made by credit organizations and fully service the budgets, the Government of the Russian Federation and the Central Bank of the Russian Federation will approve measures to restructure the banking system of the Russian Federation. The Central Bank of the Russian Federation, together with the Government of the Russian Federation, shall identify the banks that require State support, as well as its forms of implementation, including budget sponsorship. Article 11. The Central Bank of the Russian Federation, starting in the fourth quarter of 1998, temporarily to service the organization, irrespective of the existence of credit organizations in the territory in accordance with the list approved by the Government of the Russian Federation. THE RUSSIAN FEDERATION Article 12. (Spconsumed by Federal Law 05.08.2000) N 118-FZ) Article 13. (Spconsumed by Federal Law of November 29, 2004) N 141-FZ) Article 14. (Spconsumed by Federal Law of 06.08.2001) N 110-FZ) Article 15. (Spconsumed by Federal Law of 22.08.2004) N 122-FZ) Article 16. (Spconsumed by Federal Law of 29.07.2004) N 95 F) Article 17. (Spconsumed by Federal Law of 29.07.2004) N 95-F) Article 18. (Deleted-Federal Law of 08.08.2001) N 130-FZ) Article 19. (Spconsumed by Federal Law 03.12.2008) N 233-FZ) Article 20. (Spconsumed by Federal Law of 10.12.2003) N 173-FZ) Article 21. In order to ensure payment of current pensions to the Pension Fund of the Russian Federation in the amount of up to $4.0 billion, the Pension Fund of the Russian Federation will receive up to 4 billion The Government of the Russian Federation has established a procedure for the payment of arrears in the payment of insurance contributions to the Pension Fund of the Russian Federation following the implementation of the federal budget in 1998. Article 22. This law shall enter into force on the date of its official publication. President of the Russian Federation B. Yeltsin Moscow, Kremlin 29 December 1998 N 192-FZ