On Amendments To The Budget Code Of The Russian Federation To Create A Stabilization Fund Of The Russian Federation

Original Language Title: О внесении дополнений в Бюджетный кодекс Российской Федерации в части создания Стабилизационного фонда Российской Федерации

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Overtaken by force-Federal Law 27.04.2007 N 63-FZ RUSSIAN FEDERATION FEDERAL LAW On introducing additions to the Budget Code Russian Federation in Part Creation of the Russian Federation Stabilization Fund Federation Adopted by the State Duma on 28 November 2003 Approved by the Federation Council on 10 December 2003 Article 1 Commit to Budget code of the Russian Federation OF THE PRESIDENT OF THE RUSSIAN FEDERATION 3823; 2000, N 32, sect. 3339) add the following additions: 1) to complete the following content: " Chapter 13-1. THE STABILIZATION OF THE RUSSIAN FEDERATION Article 96-1. Russian Federation stabilization fund 1. Stabilization Fund of the Russian Federation (hereinafter-the Stabilization Fund)-part of the federal budget, resulting from the excess of oil prices over the basic oil price to be segregated, managed and used for purposes To balance the federal budget with lower oil prices below the base. 2. The price of oil is the price of the crude brand Jurals, defined in the manner prescribed for setting the rate of the export customs duty on crude oil. The base price for oil is the price of crude oil equivalent to $146 per tonne ($20 per barrel). Article 96-2. The procedure for forming the Stabilization Fund 1. The sources of the stabilization fund are: additional federal budget revenues generated by the calculation by exceeding the base price in accordance with paragraph 2 of this article; The balances of the federal budget at the beginning of the relevant fiscal year, in accordance with paragraph 3 of this article, including income derived from the placement of the Stabilization Fund. 2. The additional revenues of the federal budget to be enrolled in the Stabilization Fund this month are defined as the sum: actual revenues to the federal budget of the oil export duty on crude oil in the current month. month, multiplied by the ratio of the current month's export duty rate to the reference and the calculated rate of the specified duty at the base oil price to the current month's export duty rate on crude oil; actual revenue to the federal budget a tax on mineral production (oil) in the current month multiplied by the ratio of the current month's mining tax (oil) and the calculated tax rate at the base oil price to the current one In the current month, the rate of the mineral extraction tax (oil). Calculations and transfers to the Stabilization Fund referred to in this paragraph shall be made in the manner determined by the Government of the Russian Federation. 3. The remaining balance of the federal budget at the beginning of the fiscal year, except for the balances under which the federal budget law for the next financial year, is credited to the Stabilization Fund by the beginning of the fiscal year, until 1 February 2017. The Russian Federation has established a different procedure for the use, as well as the free balances, of the federal budget required by the Ministry of Finance of the Russian Federation to cover temporary cash gaps, of the year in the execution of the federal budget, in the amount of One twenty-fourths of the federal budget approved for the corresponding fiscal year, including payments of the Russian Federation's public external debt, excluding funds sent to the budget of the Pension Fund OF THE PRESIDENT OF THE RUSSIAN FEDERATION The Government of the Russian Federation, following its consideration of the report on the implementation of the federal budget for the previous fiscal year by 1 June of the current year, clarifies the amounts of federal budget balances to be used in the federal budget Federal Act on the federal budget for the corresponding fiscal year. Article 96-3. The use of the Stabilization Fund's funds of the Stabilization Fund can be used to finance the federal budget deficit when the price of oil is lower than the base price, as well as for other purposes, if accumulated The amount of the Stabilization Fund is over $500 billion. -Ruble. The amount of the budget of the Stabilization Fund is determined by the federal law on the federal budget for the corresponding fiscal year, the draft of which is made by the Government of the Russian Federation. Article 96-4. Manage Funds stabilisation fund 1. The funds of the Stabilization Fund are managed by the Ministry of Finance of the Russian Federation in the manner determined by the Government of the Russian Federation. The Central Bank of the Russian Federation, under a treaty with the Government of the Russian Federation, may exercise separate authority to administer the Stabilization Fund. 2. The funds of the Stabilization Fund may be placed in the debt obligations of foreign States, the list of which is approved by the Government of the Russian Federation. Article 96-5. Accounting and reporting for operations with funds Stabilization Fund 1. The operations with the Stabilization Fund are reflected in separate accounts of the Federal Treasury opened at the Central Bank of the Russian Federation. 2. The treatment of the operations of the Stabilization Fund is carried out in accordance with the procedure established for the recording of transactions with the federal budget. 3. The operations with the Stabilization Fund are reflected in the performance report of the federal budget. 4. The Government of the Russian Federation sent quarterly (cumulative) and annual reports to the State Duma of the Federal Assembly of the Russian Federation and the Federation Council of the Federal Assembly of the Russian Federation on the receipt of funds in The Stabilization Fund, their placement and use in the performance reporting of the federal budget. The Ministry of Finance of the Russian Federation publishes a monthly publication on the balances of the Stabilization Fund at the beginning of the reporting month, the level of income to the Stabilization Fund and (or) the use of funds A stabilization fund in the reporting month. "; 2) Article 192, paragraph 1, should be added to the following paragraph: " Calculations of the forecast level of the Stabilization Fund at the beginning and end of the next fiscal year, the projected level of income to the Stabilization Fund and/or utilization of funds Stabilization fund in regular fiscal year. ". Article 2 This Federal Law shall enter into force on 1 January 2004. President of the Russian Federation Vladimir Putin Moscow, Kremlin December 23, 2003 N 184-FZ