National debt limit. The maximum amount of state, municipal debt and state borrowings
1. The maximum amount of public debt of a subject Russian Federation at the next fiscal year and each year of the planning period, municipal debt for the next financial year (the next financial year and each year of the planning period) is established by a law (decision) on the corresponding budget within the limits established by paragraphs 2 and 3 of this article.
Legislative (representative) body of state power of a constituent entity of the Russian Federation, representative body municipality has the right, for the purpose of managing the corresponding debt, to approve additional restrictions on the state debt of the constituent entity of the Russian Federation, municipal debt.
The maximum amount of the state debt of the constituent entity of the Russian Federation, the debt of the municipality (municipal debt) for the purposes of this Code means the amount of debt of the constituent entity of the Russian Federation, the amount of municipal debt that cannot be exceeded in the execution of the corresponding budget.
2. The maximum amount of the state debt of a constituent entity of the Russian Federation shall not exceed the approved total annual volume of budget revenues of the constituent entity of the Russian Federation, excluding the approved amount of gratuitous receipts.
For a constituent entity of the Russian Federation, in respect of which the measures provided for by paragraph 4 of Article 130 of this Code are being implemented, the maximum amount of debt shall not exceed 50 percent of the approved total annual volume of budget revenues of the constituent entity of the Russian Federation, excluding the approved amount of gratuitous receipts.
3. The maximum amount of municipal debt should not exceed the approved total annual volume of local budget revenues without taking into account the approved amount of gratuitous receipts and (or) receipts of tax revenues according to additional deduction rates.
For a municipality in respect of which the measures provided for in paragraph 4 of Article 136 of this Code are being implemented, the maximum amount of municipal debt should not exceed 50 percent of the approved total annual volume of local budget revenues, excluding the approved amount of gratuitous receipts and (or) receipts of tax revenues according to additional standards deductions.
4. Exceeding the limits established by this article in the execution of the corresponding budget is a violation of the budgetary legislation of the Russian Federation and entails the use of coercive measures for violation of the budgetary legislation of the Russian Federation provided for by this Code.
5. If, in the execution of the corresponding budget, the amount of debt of the constituent entity of the Russian Federation, municipal debt exceeds the maximum amount of the state debt of the constituent entity of the Russian Federation, municipal debt established by the law (decision) on the corresponding budget, the authorized body of state power of the constituent entity of the Russian Federation, body local government has the right to accept new debentures only after bringing the amount of debt of a constituent entity of the Russian Federation, municipal debt in accordance with the requirements of this article.
6. The law on the budget of the constituent entity of the Russian Federation establishes the upper limit of the state internal debt of the constituent entity of the Russian Federation, the upper limit of the state external debt of a constituent entity of the Russian Federation (if any) as of January 1 of the year following the next financial year and each year of the planning period, which is a calculated indicator, including an indication of the upper limit of the debt under state guarantees of the constituent entity of the Russian Federation.
(as amended by Federal Law of 26.04.2007 N 63-FZ)
1. The maximum amount of public debt of a constituent entity of the Russian Federation for the next financial year and each year of the planning period, municipal debt for the next financial year (the next financial year and each year of the planning period) is established by the law (decision) on the corresponding budget within the limits established by paragraphs 2 and 3 of this article. (as amended by Federal Law of 03.12.2012 N 244-FZ)
A legislative (representative) body of state power of a constituent entity of the Russian Federation, a representative body of a municipal formation shall have the right to approve additional restrictions on the state debt of a constituent entity of the Russian Federation and municipal debt in order to manage the corresponding debt.
The maximum amount of the state debt of the constituent entity of the Russian Federation, the debt of the municipality (municipal debt) for the purposes of this Code means the amount of debt of the constituent entity of the Russian Federation, the amount of municipal debt that cannot be exceeded in the execution of the corresponding budget.
2. The maximum amount of the state debt of a constituent entity of the Russian Federation shall not exceed the approved total annual volume of budget revenues of the constituent entity of the Russian Federation, excluding the approved amount of gratuitous receipts.
For a constituent entity of the Russian Federation, in respect of which the measures provided for by paragraph 4 of Article 130 of this Code are being implemented, the maximum amount of debt shall not exceed 50 percent of the approved total annual volume of budget revenues of the constituent entity of the Russian Federation, excluding the approved amount of gratuitous receipts.
3. The maximum amount of municipal debt should not exceed the approved total annual volume of local budget revenues without taking into account the approved amount of gratuitous receipts and (or) receipts of tax revenues according to additional deduction rates.
For a municipality in respect of which the measures provided for in paragraph 4 of Article 136 of this Code are being implemented, the maximum amount of municipal debt should not exceed 50 percent of the approved total annual volume of local budget revenues, excluding the approved amount of gratuitous receipts and (or) receipts of tax revenues according to additional standards deductions.
4. Exceeding the limits established by this article in the execution of the corresponding budget is a violation of the budgetary legislation of the Russian Federation and entails the use of coercive measures for violation of the budgetary legislation of the Russian Federation provided for by this Code.
5. If, in the execution of the corresponding budget, the volume of the debt of the constituent entity of the Russian Federation, municipal debt exceeds the maximum amount of the state debt of the constituent entity of the Russian Federation, municipal debt established by the law (decision) on the corresponding budget, the authorized body of state power of the constituent entity of the Russian Federation, the local self-government body shall have the right to adopt new debt obligations only after bringing the amount of debt of the constituent entity of the Russian Federation, municipal debt in accordance with the requirements of this article.
6. The law on the budget of the constituent entity of the Russian Federation establishes the upper limit of the state internal debt of the constituent entity of the Russian Federation, the upper limit of the state external debt of the constituent entity of the Russian Federation (if any) as of January 1 of the year following the next financial year and each year of the planning period, representing is a calculated indicator, including an indication of the upper limit of the debt under state guarantees of the constituent entity of the Russian Federation.
The decision on the local budget establishes the upper limit of the municipal debt as of January 1 of the year following the next financial year (the next financial year and each year of the planning period), which is a calculated indicator, including the upper limit of debt on municipal guarantees. (Clause 6 as amended by Federal Law dated 03.12.2012 N 244-FZ)
1. The public debt of a constituent entity of the Russian Federation is a set of debt obligations of a constituent entity of the Russian Federation.
2. The public debt of a constituent entity of the Russian Federation is fully and unconditionally secured by all property owned by a constituent entity of the Russian Federation that makes up the treasury of the constituent entity of the Russian Federation.
3. Debt obligations of a constituent entity of the Russian Federation may exist in the form:
government loans of a constituent entity of the Russian Federation, carried out by issuing valuable papers subject of the Russian Federation;
contracts and agreements on receipt by a constituent entity of the Russian Federation budget loans from the budgets of other levels of the budgetary system of the Russian Federation;
agreements on the provision of state guarantees of a constituent entity of the Russian Federation;
agreements and treaties, including international ones, concluded on behalf of a constituent entity of the Russian Federation, on the prolongation and restructuring of debt obligations of constituent entities of the Russian Federation of previous years.
Debt obligations of a constituent entity of the Russian Federation cannot exist in other forms, with the exception of those provided for in this paragraph.
4. The volume of the state debt of the constituent entities of the Russian Federation includes: the principal nominal amount of debt on state securities of the constituent entities of the Russian Federation;
the amount of the principal debt on loans received by the constituent entity of the Russian Federation;
the amount of the principal debt on budget loans received by the constituent entity of the Russian Federation from the budgets of other levels;
the amount of obligations under state guarantees provided by the constituent entity of the Russian Federation.
5. Debt obligations of a constituent entity of the Russian Federation shall be repaid within a period determined by the terms of borrowing and cannot exceed 30 years.
6. Forms and types of government securities issued on behalf of a constituent entity of the Russian Federation, the conditions for their issue and circulation are determined by the relevant state authorities of constituent entities of the Russian Federation in accordance with this Code and the federal law on the specifics of the emission and circulation of government and municipal securities.
7. The legislative (representative) bodies of the constituent entity of the Russian Federation and the executive bodies of the constituent entity of the Russian Federation shall use all powers to generate budget revenues for the constituent entity of the Russian Federation to pay off their debt obligations and service the debt.
Municipal debt: concept, forms, composition of volume, limit volumes, management
Municipal debt is a set of debt obligations of a municipality.
Municipal debt is fully and unconditionally secured by all municipal property that makes up the municipal treasury.
Debt obligations of the municipality can exist in the form:
credit agreements and contracts;
loans carried out by issuing municipal securities;
contracts and agreements on the receipt by the municipal entity of budget loans from the budgets of other levels of the budgetary system of the Russian Federation;
agreements on the provision of municipal guarantees.
Debt obligations of a municipality cannot exist in other forms, with the exception of those provided for by this paragraph.
The amount of municipal debt includes:
principal face value of debt on municipal securities;
the amount of the principal debt on loans received by the municipality;
the amount of the main debt on budget loans received by the municipality from the budgets of other levels;
the amount of obligations under municipal guarantees provided by the municipality.
Local governments use all their powers to generate local budget revenues to pay off their debt obligations and service debt.
Debt obligations of the municipality are repaid within the terms that are determined by the terms of borrowing and cannot exceed 10 years.
1. The maximum amount of public debt of a constituent entity of the Russian Federation for the next financial year and each year of the planning period, municipal debt for the next financial year (the next financial year and each year of the planning period) is established by the law (decision) on the corresponding budget within the limits established by paragraphs 2 and 3 of this article.
A legislative (representative) body of state power of a constituent entity of the Russian Federation, a representative body of a municipal formation shall have the right to approve additional restrictions on the state debt of a constituent entity of the Russian Federation and municipal debt in order to manage the corresponding debt.
The maximum amount of the state debt of the constituent entity of the Russian Federation, the debt of the municipality (municipal debt) for the purposes of this Code means the amount of debt of the constituent entity of the Russian Federation, the amount of municipal debt that cannot be exceeded in the execution of the corresponding budget.
2. The maximum amount of the state debt of a constituent entity of the Russian Federation shall not exceed the approved total annual volume of budget revenues of the constituent entity of the Russian Federation, excluding the approved amount of gratuitous receipts.
For a constituent entity of the Russian Federation, in respect of which the measures provided for by paragraph 4 of Article 130 of this Code are being implemented, the maximum amount of debt shall not exceed 50 percent of the approved total annual volume of budget revenues of the constituent entity of the Russian Federation, excluding the approved amount of gratuitous receipts.
3. The maximum amount of municipal debt should not exceed the approved total annual volume of local budget revenues without taking into account the approved amount of gratuitous receipts and (or) receipts of tax revenues according to additional deduction rates.
For a municipality in respect of which the measures provided for in paragraph 4 of Article 136 of this Code are being implemented, the maximum amount of municipal debt should not exceed 50 percent of the approved total annual volume of local budget revenues, excluding the approved amount of gratuitous receipts and (or) receipts of tax revenues according to additional standards deductions.
4. Exceeding the limits established by this article in the execution of the corresponding budget is a violation of the budgetary legislation of the Russian Federation and entails the use of coercive measures for violation of the budgetary legislation of the Russian Federation provided for by this Code.
5. If, in the execution of the corresponding budget, the volume of the debt of the constituent entity of the Russian Federation, municipal debt exceeds the maximum amount of the state debt of the constituent entity of the Russian Federation, municipal debt established by the law (decision) on the corresponding budget, the authorized body of state power of the constituent entity of the Russian Federation, the local self-government body shall have the right to adopt new debt obligations only after bringing the amount of debt of the constituent entity of the Russian Federation, municipal debt in accordance with the requirements of this article.
6. The law on the budget of the constituent entity of the Russian Federation establishes the upper limit of the state internal debt of the constituent entity of the Russian Federation, the upper limit of the state external debt of the constituent entity of the Russian Federation (if any) as of January 1 of the year following the next financial year and each year of the planning period, representing is a calculated indicator, including an indication of the upper limit of the debt under state guarantees of the constituent entity of the Russian Federation.
The decision on the local budget establishes the upper limit of the municipal debt as of January 1 of the year following the next financial year (the next financial year and each year of the planning period), which is a calculated indicator, including the upper limit of debt on municipal guarantees.
Fragment of work:
Practical task 1
Determine the maximum amount of public debt of a constituent entity of the Russian Federation, if:
Regional budget revenues are planned in the amount of 25,278 million rubles,
including:
Tax revenues - 14,321 million rubles;
Non-tax income - 8 637 million rubles;
Interbudgetary transfers - 2 320 million rubles,
including subventions from the Federal Compensation Fund - 286 million rubles.
Practical task 2
Calculate the budget revenues of the urban settlement as a whole and in the context of individual sources, if the following types of income were collected on its territory:
Corporate income tax - RUB 217 million
Income tax individuals- 159 million rubles
Corporate property tax - 39 million rubles
Single tax on imputed income - 1 million rubles
Unified agricultural tax - 0.5 million rubles
Income from use municipal property- 6 million rubles
Test
1. A set of budgets of all levels of the budgetary system in the relevant territory:
A. consolidated financial balance
B. prospective financial plan
B. budgetary system
D. consolidated budget
2. The form of government, in which the administrative-territorial entities have a high degree of independence, and the budget system consists of three levels, is called:
A. federal state
B. democratic state
B. union state
D. federal state
3. The principle, meaning the establishment of income and expenditure of regional and local budgets in accordance with the uniform principles and requirements established budget code is an:
A. principle of unity of the budgetary system
B. principle of autonomy of budgets
B. the principle of equality of budgetary rights
D. principle of differentiation of income and expenses
4. Establishment of the procedure for drawing up, considering, approving and executing the budgets of the constituent entities of the Russian Federation shall be in charge of:
A. federal bodies authorities
B. regional authorities
V. territorial bodies authorities
D. local government
5. Groups of classification of budget revenues of the Russian Federation are:
A. tax revenues, non-tax revenues, gratuitous transfers
B. income, gratuitous transfers, business income
B. tax revenues, non-tax revenues, borrowed funds
6. The composition of tax revenues of budgets is determined:
A. Tax Code
B. Civil Code
B. Budget Code
D. Law "On the basics of budgetary structure and budget process in RF "
7. Revenues of local budgets are:
A. value added tax
B. land tax
B. personal income tax
G. excise
8. The financial plan of the institution, reflecting the volumes budget financing called:
A. balance of income and expenses
B. estimate of income and expenses
B. consolidated financial balance
D. budget
9. The maximum size of the budget deficit of a constituent entity of the Russian Federation, approved for the next financial year, should not exceed:
A. 10% of budget revenues excluding financial assistance
B. 15% of budget revenues excluding financial assistance
C. 20% of budget revenues excluding financial assistance
D. total investment and public debt service costs
10. The forecast of the socio-economic development of the Russian Federation for the next year is considered by the State Duma:
A. in 1 reading
B. in 2nd reading
V. in 3 reading