LAW OF THE REPUBLIC OF MOLDOVA

of May 24, 1996 No. 847

About the budget system and the budget process

The parliament adopts this law.

Section I. General provisions

Article 1.

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Article 2.

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Article 3.

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Article 4.

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Article 5.

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Article 6. Budget tax policy

(1) Performing the functions determined by this law, the Ministry of Finance, the Government and Parliament perform the activities, providing:

a) budget making in conditions:

- stability of national currency;

- price stability and salaries;

- stable development of economy;

b) coordination of receipt of the income and implementation of expenses on time.

(2) In case of accomplishment of the functions determined by part (1), the Ministry of Finance approves the activities with National Bank of Moldova.

Article 7. Budget classification

(1) Budgets are constituted and performed on the basis of single system of budget classification.

(2) Budget classification includes the classification of budget receipts, functional, organizational and economic classifications of expenses of the budget representing:

a) classification of budget receipts - group of budget receipts, stipulated by the legislation, determining sources of their forming;

b) functional classification of expenses of the budget - group of the expenses of the budget reflecting use of financial resources on accomplishment of its main functions by the state;

c) organizational classification of expenses of the budget - systematization of expenses of the budget for types of the companies, organizations, the organizations, and also the actions reflecting distribution of assignments between direct receivers of means from the budget;

d) economic classification of expenses of the budget - group and refining of expenses of the budget according to their specific appointment.

(3) Internal and external sources of financing of budget deficit, and also internal and external public debt join in the classifications provided by part (2).

(Budget classification provides 4):

a) systematization of the budget data with the purpose of creation, approval and execution of budgets;

b) the international comparability of the budget data, including with similar data of the classification systems used by international financial institutions.

(5) Budget classification is developed and affirms the Ministry of Finance. After approval budget classification is published in the Official monitor of the Republic of Moldova.

Article 8.

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Article 9. Assignments

(1) the Law on the budget for year includes the assignments allowing bodies of the public power to perform expenses.

(2) of the public power the additional expenses which are not provided by the law on the budget for year, except for the expenses connected with payment of the amounts according to the writs of execution issued based on the final decisions of degrees of jurisdiction, and also expenses from loans on the projects financed by the external sources (ratified by Parliament), grants, donor and sponsor's means received by public organizations and not included in the approved budget cannot perform Organa.

(3) Maintenance expenses of public debt, including according to the obligations which arose owing to provision of the state guarantees are permanent assignments and are performed at the scheduled time.

Article 10. Budget expenses

(1) Expenses of the budget are determined by the assignments provided by the law on the budget for year.

(2) are included In the expenses:

a) the salary fund of the serving bodies of the public power;

b) other operating expenses of bodies of the public power;

c) expenses for education, science, culture and art, health care, sport, social protection, environmental protection;

d) support of separate programs of basic scientific research;

e) expenses on strategy implementation of development, other strategy and national programs;

f) transfers to the bodies of local public authority, organizations financed from the budget, to the state companies;

g) investment into public infrastructure and into the fixed assets belonging to the Government or society;

h) ensuring defense of the country, public order and homeland security;

i) servicing of public debt;

j) payment of the membership fees in the international organizations;

k) realization according to the legislation of other strategy and programs of the Government;

l) the expenses connected with payment of the amounts according to the writs of execution issued based on the final decisions of degrees of jurisdiction.

(3) return of the main amounts of public debt is not included In the expenses of the budget.

(4) Financing of expenses is performed in process of cash receipt into accounts of the government budget with observance of the following priority:

a) accomplishment of obligations on servicing of public debt;

b) staff expenses, on payment of grants, pensions, benefits, compensations and the public assistance;

b-1) expenses on compulsory medical insurance of categories of persons concerning which according to the legislation the Government acts as the insurer;

c) expenses of road fund, National ecological fund, local ecological funds and National Regional Development Fund.

(5) For implementation of expenses, others what provided by part (4), their priority is established by the contractor of the budget.

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