BUDGET CODE OF THE REPUBLIC OF BELARUS

of July 16, 2008 No. 412-Z

Accepted by the House of Representatives on June 17, 2008

Approved by Council of the Republic on June 28, 2008

General part

Section I. General provisions

Chapter 1. Basic provisions

Article 1. Budget relations

The budget relations - the relations between participants of the budget process arising in case of creation, consideration, approval, execution of the republican budget, local budgets and budgets of state non-budgetary funds, creation, consideration and approval of reports on their execution, determination of the rights and obligations of participants of the budget process, implementation of borrowings in budgets in the interbudget relations, and also in case of control of execution of budgets and use of responsibility for violation of the budget legislation.

Article 2. Main terms and their determinations

1. In this Code the following main terms and their determinations are applied:

1.1. agent bank of the Government of the Republic of Belarus - the bank authorized by the decision of the Government of the Republic of Belarus on implementation of transactions on attraction, servicing and repayment of the external state loans and external loans attracted under guarantees of the Government of the Republic of Belarus;

1.1-1. No. 84 is excluded according to the Law of the Republic of Belarus of 31.12.2017

1.2. the budget - the plan of forming and use of money for ensuring realization of tasks and functions of the state;

1.3. budget classification of the Republic of Belarus - the systematized group of the income and expenses of the budget, deficit financing sources (the directions of use of surplus) of the budget, types of public debt of the Republic of Belarus providing republican and international comparability of indicators;

1.4. state-financed organization – the organization created (formed) by the President of the Republic of Belarus, state bodies, including local executive and administrative organ, or other state organization authorized on that by the President of the Republic of Belarus for implementation of managerial, welfare, scientific and technical or other functions of non-commercial nature which functioning is financed by means of the relevant budget on the basis of the budget estimate and which financial accounting is kept according to the chart of accounts of financial accounting approved in accordance with the established procedure for state-financed organizations and (or) taking into account features of financial accounting and the reporting according to the legislation;

1.5. the budget list - income distribution and expenses of the budget, deficit financing sources (the directions of use of surplus) of the budget for quarters of year according to budget classification of the Republic of Belarus;

1.6. the budget system of the Republic of Belarus - the set of the republican budget and local budgets of the Republic of Belarus regulated by the legislation based on the economic relation and state system of the Republic of Belarus;

1.7. the budget estimate - the financial plan establishing amount, the target direction and distribution of budgetary funds according to the budget list;

1.8. budget advance - the budgetary funds provided to the legal entities who are residents of the Republic of Belarus (except state-financed organizations, banks, the insurance and non-bank credit and financial organizations if other is not established by the President of the Republic of Belarus), to individual entrepreneurs on returnable and non-paid basis on implementation of certain target expenses;

1.9. budgetary appropriations - powers on use of the amount of budgetary funds determined by the manager of budgetary funds to the receiver of budgetary funds in the corresponding financial year for execution of the budget obligations;

1.10. budget settings – powers on use and (or) distribution of certain amount of budgetary funds provided based on the register of payment commitments to managers of budgetary funds by the law on the republican budget for the next financial year or the decision of local council of deputies on the budget for the next financial year according to the procedure determined by this Code;

1.11. budgetary obligations - the payment commitments received and accepted by the receiver of budgetary funds and (or) which are subject to execution in the corresponding financial year at the expense of means of the relevant budget;

1.12. the budget transfers - the means transferred from the budget on irretrievable and non-paid basis;

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