Act No. 129 / 1989 Coll.
Act on the budgetary system of the Czechoslovak Socialist Republic and on the rules on the management of budgetary appropriations (budgetary rules)
Valid
Effective from 01.01.1990
Contents
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129
THE LAW
of 15 November 1989
on the budgetary system of the Czechoslovak Socialist Republic and on the rules on the management of budgetary appropriations (budgetary rules)
The Federal Assembly of the Czechoslovak Socialist Republic decided on this law:
BUDGET SYSTEM OF THE CZECH SOCIALISTIC REPUBLIC AND RELATIONS BETWEEN THE STATE BUDGET OF FEDERATION AND THE STATE BUDGET OF THE CZECH SOCIALISTIC REPUBLIC AND THE SLOVAK SOCIALISTIC REPUBLIC
Budget system of the Czechoslovak Socialist Republic
(1) The budget system of the Czechoslovak Socialist Republic consists of the state budget of the Federation, the state budget of the Czech Socialist Republic and the state budget of the Slovak Socialist Republic (hereinafter referred to as the "State budgets of the Republics"), the budgets of the national committees, the budgets of the federal special-purpose funds and the state special-purpose funds of the Czech Socialist Republic and the Slovak Socialist Republic (hereinafter referred to as the "State special-purpose funds of the Republics").
(2) A single financial and budgetary policy aimed at the active impact of finance in ensuring the efficiency and balance of economic and social development is applied in the budgetary system of the Czechoslovak Socialist Republic (hereinafter referred to as the "budgetary system ').
(3) The creation and use of funds centralised by the budgetary system is planned in the budget projections for the five-year period and in the budgets (federal budget, state budgets of the Republics, national committees and federal special-purpose funds and national special-purpose funds of the Republics) for the calendar year. it shall be checked annually in the final accounts (Federation state accounts, Republic state accounts, national committees' final accounts and federal special-purpose funds and Republic state funds).
(4) In accordance with the tasks of the comprehensive State Plan for Economic and Social Development of the Czechoslovak Socialist Republic (hereinafter referred to as the "State Plan"), the State Budget of the Federation fulfils an integral function within the budgetary system. It must be justified by an overview of the data on the overall budgetary and financial management of the budgetary system, including in the area of cross-section for the Czech Socialist Republic and the Slovak Socialist Republic (hereinafter referred to as the "summary of state budgets').
(5) A uniform classification of revenue and expenditure shall be applied in the budgetary system, as well as a uniform method of recording their implementation. They shall be specified in the implementing regulation.
The creation and use of funds centralised by the budgetary system must be coordinated on the basis of a comprehensive financial plan with the monetary plan and the expected development of the financial management of enterprises.
Relations between the revenues of the federal budget and the state budgets of the Republics
(1) Relations between the revenue of the Federal State Budget and the State budgets of the Republics are laid down
(a) distribution of revenue from taxes, levies and charges within the budgetary system under this Act (Section 10) and under special laws, 1)
(b) the special-purpose and global subsidies granted from the Federation State Budget to the Republic's State budgets.
(2) Global subsidies from the Federation State Budget and share of turnover tax revenue are used to offset the planned budget resources of the Republics.
Purpose subsidies from the Federation State Budget to the Republic State budgets
(1) Purpose subsidies are granted to Republics for selected investment and non-investment needs which ensure the comprehensive and proportional development of the single Czechoslovak economy and for the defence and security of the Czechoslovak Socialist Republic.
(2) The needs for which special-purpose subsidies are granted, the conditions for their granting, the rates and the amount of the special-purpose subsidies are determined for a period of five years by the budget perspective of the Federation and, for the year in question, by the Federal State Budget Act (hereinafter referred to as the "Budget Act"). If, over the course of the year, there is a greater need for these subsidies than is provided for by the budget law in the Federation's state budget, it shall be paid in accordance with Paragraph 17 (3).
(3) The special-purpose subsidies are granted during the year to the State budgets of the Republics following the actual use of the expenditure for which they are intended and are subject to annual settlement with the Federation State Budget. Special purpose subsidies may only be used for the purposes for which they were granted, subject to the conditions laid down.
Global subsidies from Federation state budget to Republic state budgets
(1) The total amounts of global subsidies are determined for the five-year period by the budget perspective of the Federation and are specified in the budget law for the year in question.
(2) Global subsidies are granted during the year to the state budgets of the Republics gradually up to the amount approved by the Budget Act. The amount of the global subsidy in each month of the financial year shall be determined by an agreement between the Federal Ministry of Finance and the Ministry of Finance, Prices and Wages of the Republics.
BUDGET RESULTS AND SUMMARY OF BUDGET RESULTS
(1) The budgetary perspective of the Federation and the budgetary perspectives of the Czech Socialist Republic and the Slovak Socialist Republic (hereinafter referred to as the "budgetary projections of the Republics") and their summary for the Czechoslovak Socialist Republic (hereinafter referred to as the "summary of the budgetary projections") are essential instruments of financial and budgetary policy for a five-year period; the budget outlook of the Federation and an overview of the summary of the budgetary perspectives follow up on the basic tasks and objectives of the five-year State plan.
(2) The budget perspective of the Federation and the summary of the budgetary perspectives include in particular:
(a) specifying the principles of financial and budgetary policy;
(b) principles of subsidy and depreciation policy;
(c) the volume of revenue and expenditure and the key revenue and expenditure items of the budgetary system, both in species and in organisation;
(d) the volume and subsidy scheme between the different elements of the budgetary system and the planned share of the Republics in the turnover tax yield;
(e) the extent of the budgetary reserves;
(f) financial standards and limits for state organisations, unless provided for by a state plan, and the rates and amounts of individual investment and non-investment subsidies to support social priorities.
(3) The draft budget perspective of the Federation is prepared by the Federal Ministry of Finance in cooperation with the State Planning Commission and the Czechoslovak State Bank. At the same time, in cooperation with the Ministry of Finance, Prices and Wages of the Republic, it is drawing up an overview of the summary of budgetary projections, including in the area of cross-section under the Czech Socialist Republic and the Slovak Socialist Republic. The draft budget perspective of the Federation, in cooperation with the State Planning Commission and an overview of the summary of the budget projections, is presented by the Federal Ministry of Finance to the Government of the Czechoslovak Socialist Republic, which will seek the views of the governments of the Czech Socialist Republic and the Slovak Socialist Republic. The Government of the Czechoslovak Socialist Republic presents the basic indicators of the Federation's budgetary outlook for approval to the Federal Assembly; At the same time, it also provides an overview of the summary of budgetary projections.
(4) The budget projections of the Republics shall be consistent with the approved basic indicators of the Federation's budgetary perspective.
Management of the work to draw up the Federation's budgetary perspective and a summary of the budgetary perspectives
(1) The Federal Ministry of Finance directs work on the establishment of the budget perspective of the Federation and an overview of the summary of budgetary perspectives. It directs work on compiling the budget outlooks of the Republics on a methodological basis. It shall determine, after consulting the ministries of finance, prices and wages of the Republics, the extent of the supporting documents submitted by the ministries of finance, prices and wages of the Republics needed to draw up an overview of the summary of the budgetary projections and shall determine how they are to be presented.
(2) Federal central authorities and authorities managing federal special-purpose funds are required to submit to the Federal Ministry of Finance the data needed for the preparation of the draft budget perspective of the Federation and an overview of the summary of the budgetary projections. The scope of the supporting documents and their presentation shall be laid down in the implementing act.
Relationship of annual budgets to the Federation's budgetary perspective
The Federation's state budgets shall be based on the Federation's budgetary perspective and shall specify the budget policy, tasks and proportions of the Federation's budgetary outlook according to the needs to guide the development of the economy in the year in question.
THE STATE BUDGET OF FEDERATION AND THE SUMMARY OF STATE BUDGET
Constitution of the Federation State Budget and summary of state budgets
(1) The draft federal budget of the Federation is drawn up by the Federal Ministry of Finance and submitted to the Government of the Czechoslovak Socialist Republic. At the same time, it shall draw up, in cooperation with the Ministry of Finance, Prices and Wages of the Republic, a summary of the national budgets and submit it at the same time as a comprehensive financial plan drawn up in cooperation with the State Planning Commission and the State Bank of the Czechoslovak Government of the Czechoslovak Socialist Republic. The Government of the Czechoslovak Socialist Republic submits the Federation State Budget for approval to the Federal Assembly; At the same time, it also provides an overview of the total state budgets.
(2) The Federal Ministry of Finance directs work on the establishment of the Federation State Budget and an overview of the State Budget Summary. It directs work on the establishment of state budgets of the Republics on a methodological basis. It shall determine, after consulting the ministries of finance, prices and wages of the Republics, the extent of the supporting documents submitted by the ministries of finance, prices and wages of the Republics and the manner in which they are presented.
(3) Federal central authorities and authorities managing federal special-purpose funds are required to submit to the Federal Ministry of Finance the data needed to draw up the draft federal budget and an overview of the summary of the national budgets. The scope of the supporting documents and their presentation shall be laid down in the implementing act.
(4) The Federal Ministry of Finance ensures the publication of data on the approved State Budget of the Federation and an overview of the summary of state budgets and their implementation.
Revenue from the Federation State Budget
The State Budget of the Federation shall:
(a) the revenue of the federal central authorities, as well as the revenue of the budgetary organisations and the contributions of the contribution organisations under their responsibility;
(b) taxes and levies on organisations under the jurisdiction of the Federal Ministry of National Defence and the Federal Ministry of Interior, unless otherwise provided for in the Special Regulation (2);
(c) taxes and levies, other than income from the amount of wages and remuneration, from organisations within the competence of other federal authorities, unless otherwise provided for in the Special Regulation (2);
(d) taxes and levies on foreign-based entities, foreign-owned enterprises and international organisations, unless otherwise provided for in the Special Regulation (2);
(e) turnover tax, excluding the shares of the State budgets of the Republics in its revenue provided for by the Budget Act on the basis of the budget perspective of the Federation;
(f) fees paid in connection with the exercise of the competence of the State bodies of the Federation, (3) excluding fees paid by stamp marks;
(g) instalments of government loans granted abroad;
(h) any planned use of credit resources;
(i) customs duties;
(j) other revenue provided for by law.
State budget expenditure of the Federation
The State Budget of the Federation shall be paid:
(a) expenditure on the activities of federal central authorities and budgetary and contribution organisations under their responsibility;
(b) special-purpose and global subsidies to the state budgets of the Republics;
(c) grants and repayable financial assistance to organisations within the competence of the Federation, with the exception of budgetary and contribution organisations;
(d) government loans and funds for economic aid granted abroad;
(e) instalments of credit resources adopted by the Federation State Budget;
(f) other expenditure provided for by law.
Budget of federal central authorities
(1) The federal central authorities' budgets are part of the federal budget. The budgets of the federal central authorities shall include their own budget revenue and expenditure, revenue and expenditure of budgetary organisations and contributions and, where appropriate, contributions from the contribution organisations within their competence. The budgets of the federal central authorities shall also include subsidies from the State Budget of the Federation for State Organisations, with the exception of budgetary and contribution organisations (hereinafter referred to as "state enterprises and other state organisations') under their responsibility.
(2) The Federal Central Authorities attach an overview of the overall financial relations of the State enterprises and other state organisations in their competence to the State budget of the Federation to their draft budgets, reports on their implementation and their final accounts.
(1) The amount of revenue and expenditure of the Federation's state budget, including the purposes and amounts of subsidies from the Federation's state budget to the Republic's state budgets, shall be determined by budgetary law for each year by the Federal Assembly.
(2) If the use of credit resources is proposed to meet the planned needs of the federal budget of the Federation, the Federal Ministry of Finance will discuss with the State Bank the extent of possible credit coverage from the sources of the monetary plan, the range of needs for which the loan is requested, its maturity and the credit conditions.
(3) The scope and form of the receipt of credit resources as well as the repayment procedure are approved by the Federal Assembly in the budgetary act.
(1) The State Budget of the Federation and the State budgets of the Republics are drawn up in parallel.
(2) The financial consequences of the additional decisions of the Government of the Czechoslovak Socialist Republic beyond the State Budget of the Federation are addressed in the State Budget of the Federation.
Providing subsidies from the Federation State Budget to organisations
(1) Subsidies from the Federation State Budget are granted
(a) organisations under the responsibility of federal central bodies from the Federation State Budget;
(b) organisations within the competence of the Republic authorities through the national budgets of the Republics.
(2) Subsidies shall be made available for specific actions or pre-defined headings of needs under conditions established on the basis of the principles of the subsidy policy by the implementing act.
(3) If the scope and nature of the subsidy so requires, in particular in the case of public procurement, the Government of the Czechoslovak Socialist Republic shall submit a proposal to the Federal Assembly, which shall also be reported on how the subsidy has been used, when discussing the Federation State Budget.
Federal budget reserves
(1) In order to ensure budgetary management, to cover unavoidable and unforeseen expenditure which cannot be provided in the budgets of the federal central authorities, the federal budget provides reserves which also serve to cover the loss of budget revenue.
(2) The Federal State Budget reserves constitute the budget reserve of the Government of the Czechoslovak Socialist Republic and the special-purpose reserves.
(3) The amount of the budgetary reserve of the Government of the Czechoslovak Socialist Republic and the special-purpose reserves managed by the Government of the Czechoslovak Socialist Republic are approved by the Federal Assembly within the federal budget. The Government of the Czechoslovak Socialist Republic reports on the management of the budget reserve of the Government of the Czechoslovak Socialist Republic in the framework of reports on the implementation of the federal budget.
(4) The Government of the Czechoslovak Socialist Republic may provide that, to the extent and under the conditions laid down by it, it decides to use the budgetary reserve of the Government of the Czechoslovak Socialist Republic and special-purpose reserves in individual cases, the Minister of Finance of the Czechoslovak Socialist Republic, or the Minister of Finance of the Czechoslovak Socialist Republic in agreement with the relevant member of the Government of the Czechoslovak Socialist Republic. This shall be without prejudice to the specific provisions on the application of the provisions laid down in Article 4)
(1) The Government of the Czechoslovak Socialist Republic is responsible to the Federal Assembly for managing the resources of the Federation State Budget.
(2) The Government of the Czechoslovak Socialist Republic may provide for the binding of the Federation's budgetary resources during the year, if required by the safeguarding of economic policy objectives. This appropriation may be mobilised only with its consent.
(3) The Government of the Czechoslovak Socialist Republic or, under its authority, the Minister of Finance of the Czechoslovak Socialist Republic may authorise the implementation of the expenditure necessary for the management of the Federation and not provided for in the federal budget of the Federation, provided that it cannot be covered by the budget of the Federal Central Authority, provided that its reimbursement is ensured by higher revenue or savings on other expenditure in the Federation's state budget or by the removal of other less urgent expenditure, or by the reserves of the federal budget. Similarly, a reduction in some of the federal budget revenue may be authorised. The Government of the Czechoslovak Socialist Republic shall inform the Federal Assembly of these measures in the framework of reports on the implementation of the Federal State Budget.
Budget provisional
(1) If the budget law for the year in question is not approved before 1 January of the financial year, the budget management shall be governed by the budget management from 1 January of the financial year until the budget law for that year (hereinafter referred to as the "budget provisional") has been published in accordance with the draft State Budget of the Federation discussed in the Government of the Czechoslovak Socialist Republic.
(2) If the draft budget of the Federation is not discussed by the Government of the Czechoslovak Socialist Republic by 1 January of the financial year, the Government of the Czechoslovak Socialist Republic shall, with the prior approval of the Federal Assembly, take the necessary measures to ensure budgetary management at the time of the budget provisional.
(3) Budget revenue and expenditure effected at the time of the budget provisional period shall be charged to the Federal State Budget following its publication.
PRINCIPLES OF ECONOMIC MANAGEMENT BY STATE BUDGET OF FEDERATION AND BY STATE BUDGET OF THE REPUBLIC
The basis for the management of budgetary resources under the federal budget and the state budgets of the Republics shall be the annual budget.
Timeliness and effectiveness of budgetary appropriations
(1) Budgetary appropriations may be used only until the end of the financial year, for the purposes for which they were determined by the relevant State budget.
(2) The institutions and organisations must ensure that budgetary appropriations are spent economically and efficiently.
(3) The implementing act lays down the conditions under which central authorities and organisations under their responsibility may use their budgetary resources for purposes other than those for which they were designated by the budget; may also provide for derogations from the time-limit for the use of the appropriations necessary to ensure the smooth operation and proper fulfilment of the commitments by the organisations.
Reimbursement of non-budgeted needs
If there is a need for a remuneration during the year which is not secured in the relevant budget of the organisation or central authority, it may be provided for:
(a) the more economical implementation of other tasks, or the removal or limitation of any other, less urgent task which is not contrary to the proper functioning of the organisation or central authority, thereby obtaining the necessary amount within the framework of the appropriations authorised;
(b) budgetary measures;
(c) the reserves of the relevant State budget.
Budgetary measures
(1) Budgetary measures shall mean:
(a) transfers of appropriations between tasks under the approved budget;
(b) the authorised overrun of the approved budget;
(c) the binding of appropriations under the approved budget.
(2) The implementing act lays down the arrangements for implementing budgetary measures in the management of budgetary appropriations, in particular which measures may be implemented by organisations under their own authority, which, with the agreement of the superior authority and which, with the agreement of the Federal Ministry of Finance or the competent Ministry of Finance, Prices and Wages of the Republic, are to be implemented.
Infringement of budgetary discipline
(1) Federal authorities and organisations in their jurisdiction, the authorities of the Republics and the organisations in their jurisdiction, and the federal special-purpose vehicles and the national special-purpose vehicles of the Republics which unduly use or detain the funds of State budgets or federal special-purpose vehicles of the Republics, shall pay, for each day of delay in the payment of this amount or for each day of undue use of the funds allocated to them by penalty funds of 1 per cent of the amount withheld or unduly used but not more than the amount of that amount. At the same time as payment of the periodic penalty payments, the amounts withheld or wrongly used shall be returned to the State budget (Fund) in full.
(2) Penalty and recovery of amounts unduly used or withheld shall be imposed on the budgetary and contribution organisation by the superior authority, the central authority of the Federal Ministry of Finance or the competent Ministry of Finance, prices and wages of the Republic and other organisations by the relevant financial management.
(3) Where a breach of budgetary discipline referred to in paragraph 1 has been detected with the authorities or organisations by their internal control and notified to the competent authority referred to in paragraph 2, the periodic penalty payments shall be reduced by half.
(4) The periodic penalty payments referred to in paragraphs 1 and 3, which in each case do not exceed 100 Cds, are not payable.
(5) The periodic penalty payments referred to in paragraphs 1 and 3 may not be recovered after 10 years counted from the end of the calendar year in which the budget discipline referred to in paragraph 1 was infringed.
(6) The Federal Ministry of Finance may, in order to avoid hardness, authorise relief from the provisions of paragraphs 1 and 3 as regards the resources of the federal budget or federal special-purpose funds.
PRINCIPLES FOR THE ECONOMIC AND CONTRIBUTION ORGANISATIONS
Establishment, modification and cancellation of budgetary and contribution organisations
(1) The central public authorities establish budgetary organisations6) or contributorsfor the performance of tasks in their field of activity. 7) In order to establish the approval of the Federal Ministry of Finance and, as regards the new requirements for the state budgets of the Republics, the relevant Ministry of Finance, Prices and Wages of the Republic, where new requirements for the state budgets of the Republics, the relevant Ministry of Finance, the Ministry of Prices and Wages arise from the establishment and activities of these organisations.
(2) The central authority of the state administration (the founder) shall issue an establishment certificate containing:
(a) the designation of the founder;
(b) the name, address and identification number of the organisation; the name must exclude the possibility of confusion with the names of other organisations;
(c) the definition of the basic purpose and the corresponding subject matter of the activity;
(d) designation of statutory bodies;
(e) the definition of the assets to which the organisation has the right to operate;
(f) defining the period for which the organisation is established.
(3) The founder shall ensure the notification of the establishment of the organisation according to its jurisdiction according to its headquarters in the Central Journal of the Czech Socialist Republic or in the Central Journal of the Slovak Socialist Republic, specifying the information referred to in paragraph 2. The notification obligation shall not apply where the interests of the State's defence and security are threatened.
(4) The provisions of paragraphs 1 to 3 shall apply, save as otherwise provided in the specific Regulation (8).
(5) Central government bodies (bodies) may establish or abolish budgetary and contribution organisations and alter their subordination and their financing with effect from 1 January of the following year. The competent Minister of Finance may allow another deadline where justified. The delegation of organisations between the Federation and the authorities of the Republics may be effected only after prior agreement of those authorities.
Financial management
(1) The budgetary organisation shall manage the budgetary resources of its revenue and expenditure budgets, to be determined by the central authority responsible for the management of the budget of the central authority. The contribution organisations shall be subject to financial relations as determined by the competent central government body (the body) within the budget of the central authority.
(2) Budgetary and contribution organisations are required to ensure that they achieve the specified revenue and carry out the specified tasks. Budgetary expenditure may be used by organisations only for designated purposes, up to the amount specified in the budget, within the limits of limits and binding indicators; the possibility of a derogation is provided for in Section 20.
(3) In its management, the organisation must not take measures that are not covered by the budget unless their reimbursement is guaranteed in advance by budgetary measures (Sections 21 and 22).
(4) The implementing regulation provides for expenditure on medical, pre-school and other facilities and activities borne by budgetary and contribution organisations.
(1) Budget and contribution organisations shall endeavour, in their financial management, to achieve socially desirable savings or to exceed their revenue.
(2) In order to enhance material interest in the fulfilment of the tasks set out in the quality required and to increase the interest in economy, budgetary and contribution organisations may create specific funds under the conditions laid down in the implementing regulation issued in accordance with the principles of financial management of budgetary and contribution organisations; the balances of these funds are not forfeited at the end of the year. The principles of financial management of budgetary and contribution organisations are laid down by the Government of the Czechoslovak Socialist Republic.
CONTROL OF BUDGET MANAGEMENT
The Government of the Czechoslovak Socialist Republic shall control the implementation of the Federation State Budget and shall report to the Federal Assembly at least once a year on its implementation, together with information on the results of the budgetary system management.
During the year, the Federal Ministry of Finance shall, in cooperation with the ministers of finance, prices and wages of the Republic, draw up analyses of the development of financial management in the Czechoslovak Socialist Republic and inform the Government of the Czechoslovak Socialist Republic thereof.
(1) The Federal Ministry of Finance, in cooperation with the Ministry of Finance, Prices and Wages of the Republic, carries out a drawing control and use of the special-purpose subsidies provided from the Federation State Budget to the State budgets of the Republics.
(2) The Federal Ministry of Finance carries out a control of the management of the federal budget funds of the Federation with federal central authorities and federal special-purpose funds. The control of payments made by the Federation State Budget and the subsidies provided by the Federation State Budget to organisations under the responsibility of the federal central authorities shall be carried out by the local financial authorities; if necessary, such checks may be carried out directly by the Federal Ministry of Finance.
STATE FINAL ACCOUNT OF FEDERATION AND SUMMARY OF STATE FINAL ACCOUNTS
Establishment of the Federation State Final Account and summary of the State Final Accounts
(1) The Federation State Final Account shall include the results of the management of the budget resources of the Federation State Budget for the relevant financial year.
(2) The Federal Ministry of Finance is preparing a draft State Final Account of the Federation and submitting it to the Government of the Czechoslovak Socialist Republic. At the same time, in cooperation with the ministries of finance, prices and wages of the Republics, it provides the Government of the Czechoslovak Socialist Republic an overview of the summary of the state final accounts for the Czechoslovak Socialist Republic (hereinafter referred to as the "summary of the state final accounts'), which includes the financial results of the overall management in the budgetary system, including in the cross-border section for the Czech Socialist Republic and the Slovak Socialist Republic. The Government of the Czechoslovak Socialist Republic submits a proposal for the Federation State Final Account for approval to the Federal Assembly; at the same time, it shall provide him with an overview of the summary of the state accounts.
(3) The Federal Ministry of Finance manages the work on the establishment of the Federation State Final Account and an overview of the summary of the State Final Accounts. It directs work on the compilation of the Republic's state final accounts on a methodological basis. It shall determine, after consulting the ministries of finance, prices and wages of the Republics, the extent of the supporting documents submitted by the ministries of finance, prices and wages of the Republics and the manner in which they are presented.
(4) Federal central authorities and authorities managing federal special-purpose funds are required to submit to the Federal Ministry of Finance the data necessary for the preparation of the draft Federal State Final Account and an overview of the summary of the State Final Accounts. The scope of the supporting documents and their presentation shall be laid down in the implementing act.
Final accounts of federal central authorities
The Federal Central Authorities shall draw up a final account on the results of their annual budgetary management.
The Government of the Czechoslovak Socialist Republic submits to the Federal Assembly a proposal to use the surplus of the Federation State Final Account or to pay for its deficit.
The State Final Account of the Federation and the State Final Accounts of the Republics shall be drawn up in parallel.
STATE FINANCIAL ASSETS AND FEDERATION LIABILITIES
(1) State financial assets of the Federation are funds generated from the results of the budget management of previous years and other financial operations of the Federation. State financial liabilities of the Federation are liabilities of previous years.
(2) The Federal Ministry of Finance shall keep records of the State financial assets and liabilities of the Federation.
Contents
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Regulation Information
| Citation | Act No. 129 / 1989 Coll., on the budgetary system of the Czechoslovak Socialist Republic and on the rules on the management of budgetary resources (budgetary rules) |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 28.11.1989 |
|---|---|
| Effective from | 01.01.1990 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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