The government approved the draft amendments to the Budget code

© RIA Novosti / Alexander Activesprite in fotoreceptor of the government of the Russian Federation Dmitry Medvedev holds a government meeting. 23 Nov 2017The government approved the draft amendments to the Budget code© RIA Novosti / Alexander Activesprite the image Bank

The Russian government approved the draft Federal law on introducing amendments to the Budget code, instructing to November 30, its further study, reported in the list of decisions published on the website of the Cabinet.

It is noted that the purpose of the bill is to bring certain provisions of the Budget code in line with other legislative acts of the Russian Federation and international treaties, the creation of legal conditions for the formation and execution of budgets of all levels.

«To approve the draft Federal law «On amendments to the Budget code of the Russian Federation and certain legislative acts of the Russian Federation» additionally, having worked until November 30, 2017 of its provisions… Revised draft Federal law to introduce to the State Duma in the established procedure», — stated in the message.

To study the project needs including the part that concerns the assessment of tax and non-tax costs; establishing a deadline for the distribution of earmarked subsidies from the Federal budget to budgets of subjects of the Russian Federation, connected with execution of public normative obligations.

In addition, you must complete the project in the allocation between the Federal budget and budgets of constituent entities of the Russian Federation the amounts of fines for violations of legislation on road safety, recorded by the citizens registered in the Federal state information system with the use of technical means with functions of video recording and specialized software.

The Cabinet instructed to study the document in terms of redistribution after 1 February of the current year decisions of the government subsidies provided from the budget of the regions for the reimbursement of interest on investment loans in the agricultural sector, for projects up to 31 December 2016 in accordance with the law.

You need to improve the draft law and part payment of services provided by clearing organizations, exchanges and Central counterparties for the Federal Treasury, financial bodies of subjects of operations management balances in a single account of the Federal budget and on a single account to record funds of the budget of the RF subject.