The building of the Ministry of Finance
The Ministry of Finance has prepared amendments to amend a number of articles of the Budget Code, I learned ” Kommersant “. The Office intends to promptly carry them through Parliament
The Ministry of Finance plans to quickly push through changes to some articles of the Parliament of the Budget Code, I found “Kommersant”. Office to formulate them in the form of amendments for the second reading of the bill to postpone the date of entering the State Duma budget for next year.
A bill to postpone the October 1, November 1, this year, was approved in the first reading this week. The authorities explained the need for such measures that the new State Duma will be elected in the elections on September 18 really begin to work until November.
As recalled by the newspaper, the government this year also abandoned the traditional spring changes budget law. As a result, issues such as the financing of anti-crisis plan and indexation of pensions, has been postponed until after the elections. Prime Minister Dmitry Medvedev explained that the amendments to the budget for this year will present in the Duma in the fall. Thus, the Duma in November and December will approve amendments to the annual budget for this year and three-year – in the years 2017-2019.
In this situation, the Ministry of Finance for the execution of the budget needed additional powers, says “Kommersant”. According to the newspaper, the amendments will give the government an opportunity to rule without the participation of the Duma budgetary allocation costs. We are talking about the redistribution of appropriations in 2016 to support economic and social development over the anti-crisis fund of funds (65 billion rubles.) And over the so-called “presidential reserve”, which was formed by the freezing of pension savings (342.2 billion rubles.).
The White house wants, at its discretion to reallocate money within the federal target program of the Crimea and Sevastopol, and on the activities of the GLONASS system development program. The amendments, if adopted will also allow the Finance Ministry to reallocate funds for grants to fund goszadaniya and debt service. Due to the fact that the budget for this year been drawn up on the basis of the exchange rate of 63.3 rubles per $ 1, the cost of servicing debt can grow.
Other changes will replace external borrowing, which in 2016 came under question in connection with the sanctions, internal. According to the amendments, the reverse can also substitute based on the situation on the debt market.
Two other amendments concern the revenue side of the budget for this year. In the first year, it is invited to extend the transfer to the federal budget of 90% instead of 75% of the profits of the Central Bank to cover the deficit. Other up to February 1, 2020 extends the trend of income from the management of the Reserve Fund and National Welfare Fund (NWF) for current expenses of the budget, rather than accumulation. Now the action of this rule is provided to February 1, 2017.
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