RESOLUTION OF JOGORKU KENESH OF THE KYRGYZ REPUBLIC

of June 20, 2013 No. 3313-V

About the Budget resolution of the Kyrgyz Republic for 2014 and the forecast for 2015-2016

Having considered the draft of the Budget resolution of the Kyrgyz Republic for 2014 and the forecast for 2015-2016, the Jogorku Kenesh of the Kyrgyz Republic decides:

1. Approve the Budget resolution of the Kyrgyz Republic for 2014 and the forecast for 2015-2016 it (is applied).

2. Take into consideration information of the Minister of Finance of the Kyrgyz Republic Lavrova O. V. on the current execution of the republican budget of the Kyrgyz Republic for 2013 and the mid-term forecast of the budget of the Kyrgyz Republic for 2014-2016.

3. To the government of the Kyrgyz Republic:

- provide preparation of the bill of the Kyrgyz Republic "About the republican budget of the Kyrgyz Republic for 2014 and the forecast for 2015-2016", being guided by the main priorities and the directions determined by the Budget resolution of the Kyrgyz Republic for 2014 and the forecast for 2015-2016;

- consider when forming the republican budget for 2014 and the forecast for 2015-2016 offers of committees and deputies of Jogorku Kenesh of the Kyrgyz Republic to the designated Budget resolution.

Appendix No. 1

to the Resolution of Jogorku Kenesh of the Kyrgyz Republic "About the Budget resolution of the Kyrgyz Republic for 2014 and the forecast for 2015-2016"

The budget resolution of the Kyrgyz Republic for 2014 and the forecast for 2015-2016

Strategic priorities of the state budget policy to the medium-term period shall be closely connected with the priorities determined by the National sustainability strategy of the Kyrgyz Republic for 2013-2017.

The policy of expenses of the government budget in the medium-term period will be directed to further increase in share of investment component. With reducing inefficient and low-priority expenses achievement of decrease in budget deficit by 2016 to 4, 4 billion som with preserving social orientation of expenses of the budget is supposed.

The main priorities of the budget policy of the country for 2014-2016 are determined by this Budget resolution according to parameters of the mid-term forecast of the budget of the country these years, and also proposals of deputies of Jogorku Kenesh of the Kyrgyz Republic on the following directions:

1) preserving macroeconomic stability by enhancement of the legislation on effective management and regulation of public finances;

2) ensuring effective interaction monetary and budget tax policy in the country;

3) creation of reasonable base of the income and decrease in level of the external help;

4) providing obligations of the state on execution of the public expenditures;

5) taking measures to increase in financial resources of local government bodies and strengthening of local budgets.

The main priorities and the directions of this Budget resolution serve as reference point for forming of key parameters of the republican budget of the Kyrgyz Republic for 2014-2016.

In 2014-2016 achievements of the following macroeconomic indicators shall be provided:

The Jogorku Kenesh of the Kyrgyz Republic suggests to assume as a basis when forming the bill on the republican budget of the Kyrgyz Republic for 2014 and the forecast for 2015-2016 the following main priorities of the budget policy.

Stabilization of national economy shall be supported with the steady regulatory legal base providing preserving macroeconomic stability by enhancement of the legislation on effective management and regulation of public finances by means of:

giving of the importance of the budget consolidation in the medium term;

implementations in sectors of economy of new innovative technologies and productions, except for gold mining;

carrying out containment policy of growth of inflation without taking note of growth of level of the world prices for food;

determinations of strategy of the state on development and change of approaches to special tax regimes for mineral resources;

enhancement of the simplified taxation system directed to support of development of small and medium business;

review of the regulatory legal acts concerning regulation of patent system of the taxation;

optimizations of the existing system of tax preferences, prohibition on unreasonable provisions of privileges and various releases;

providing with the legislation concerning the interbudget relations and development of regions with transfer of administration of separate taxes to municipalities of domicile;

providing with the legislation for formation of the court considering legal issues of observance of the tax legislation;

settlements of structure of category of the citizens of the republic getting social support on ensuring the state utilities rendered to them: gazo-, water - to electric utility service and others;

creations of efficient credit granting system for development of the industrial sector, financing of large business projects in recycling industry, the energy sector, subsurface use and developments of their infrastructure on long-term basis and with low interest rate of the issued credits;

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