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News of the Federal Legislation

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News of the Federal Legislation


The amendments are made to the Directions on the procedure for application of budget classification of the Russian Federation
2008-02-18 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Directions on the procedure for application of budget classification of the Russian Federation

The Order of the Ministry of Finance of Russia N 161n of December 29, 2007 (document is in Russian)makes amendments to the Directions on the procedure for application of budget classification of the Russian Federation approved by the Order of the Ministry of Finance of Russia N 74n "On approval of Directions on the procedure for application of budget classification of the Russian Federation" of August 24, 2007 (document is in Russian).

Most of amendments are made to Section II "Classification of incomes of budgets" , Section III "Classification of expenditures of budgets" and Section IV "Classification of sources of financing of budgets deficits", the annex 1 to the Directions "Classification of incomes of budgets" is added with new codes of incomes of budget.

On the basis of the Order of the Ministry of Finance of Russia N 20n of February 7, 2008 the aforesaid amendments are putted into effect from January 1, 2008.

There is approved the Procedure for deduction of funds being subjects for return to the federal budget
2008-02-18 06:00

NEWS OF THE FEDERAL LEGISLATION

There is approved the Procedure for deduction of funds being subjects for return to the federal budget

The Order of the Ministry of Finance of Russia N 152 of December 26, 2007 (document is in Russian) approves the Procedure for deduction of funds being subjects for return to the federal budget which establishes the rules and terms for application to subjects of the Russian Federation and municipal formation (further as debtors) of compulsion measures providing by second paragraph of clause 2 of article 93.4 of the Russian Federation Budget Code for violation of periods of return and/or use of funds not for target purpose, which were submitted from the federal budget on return base, as well as violation of periods of obligations execution under state (municipal) guarantees granted by the Russian Federation.

In accordance with the Procedure for deduction of funds being subjects for return to the federal budget, aforesaid compulsion measures shall be applied in respect of debtors out of dependence from availability or absence of according provisions in agreement (contract) concluded with the debtor.

The decisions on application of compulsion measures in respect of debtors shall be made the Ministry of Finance of the Russian Federation and shall be drawn up as the Ministry's orders.


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