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DECISION OF THE SUPREME EURASIAN ECONOMIC COUNCIL

of October 10, 2014 No. 78

About Regulations on the budget of the Eurasian Economic Union

According to the subitem 6 of Item 2 of Article 12 and Item 2 of article 20 of the Agreement on the Eurasian Economic Union signed on May 29, 2014 the Supreme Eurasian economic council at the level of heads of states Solved:

1. Approve the enclosed Regulations on the budget of the Eurasian Economic Union.

2. Determine that during the forming and budget implementation of the Eurasian Economic Union for 2015 codes of classification of transactions of the sector of public administration of budget classification of the Russian Federation are used.

3. This Decision becomes effective from the effective date Agreements on the Eurasian Economic Union of May 29, 2014.

Members of the Supreme Eurasian economic council:

from the Republic of Belarus

 

from the Russian Federation

from the Republic of Kazakhstan

 

Approved by the Decision of the Supreme Eurasian economic council of October 10, 2014 No. 78

Regulations on the budget of the Eurasian Economic Union

I. General provisions

1. This Provision determines procedure for forming and budget implementation of the Eurasian Economic Union (further – the Union), and also preparation of the performance report of the budget of the Union.

2. For the purposes of this provision concepts which mean the following are used:

"the administrator of the budget of the Union" – the body of the Union performing forming of the budget statement of the Union, preparation of the draft of the performance report of the budget of the Union and maintaining summary budget list;

"the budget of the Union" – form of education and expenditure of the money intended for financial provision of functioning of the Union;

"budget reports" – the data on budget implementation of the Union on the income and expenses created by managers (receivers) of means;

"budget list" – the document constituted by the manager (receiver) of means based on summary budget list for the purpose of budget implementation of the Union on expenses;

"the budget estimate of body of the Union" – the means approved as a part of departmental expense structure determining amount of expenses of body of the Union;

"budget accounting" – forming of the documentary systematized information on budget implementation of the Union on the income and expenses and creation on its basis of budget reports;

"departmental expense structure" – expense allocation of the budget of the Union for managers (receivers) of means and by codes of budget classification of the Union;

"budget receipts of the Union" – the money coming to the budget of the Union;

"other receipts" – the means formed as a result of placement of temporarily available funds on bank accounts, percent on bank account agreement, means from realization of assets, from receipt of the amounts of penalties and penalty fee according to unexecuted contractual commitments, receipts of the amounts of compensations according to legal claims and the amounts of insurance indemnities and other receipts;

"bodies of the Union" – permanent bodies of the Union which financing of activities is performed by budget funds of the Union;

"responsible department" – structural division of the administrator of the budget of the Union to which functions on forming of the budget statement of the Union, preparation of the draft of the performance report of the budget of the Union and maintaining summary budget list are assigned;

"the performance report of the budget of the Union" – the document on budget implementation of the Union according to the income and expenses for accounting financial year;

"accounting financial year" – the year preceding the current financial year;

"the next financial year" – the year following the current financial year;

"the manager (receiver) of means" – the body of the Union participating in forming of the budget statement of the Union, preparation of the draft of the performance report of the budget of the Union and performing expenditure of budget funds of the Union according to budget list;

"expenses of the budget of the Union" – the money paid from the budget of the Union;

"summary budget list" – the document on income distribution and expenses of the budget of the Union constituted by the administrator of the budget of the Union by managers (receivers) of means;

"budget accounts of the Union" – the accounts opened by the administrator of the budget of the Union for receipt of budget receipts of the Union and the subsequent money transfer into accounts of bodies of the Union;

"accounts of bodies of the Union" – the accounts opened by the manager (receiver) of means for implementation of transactions on expenses of the budget of the Union and accounting of other receipts;

"the current financial year" – year in which budget implementation of the Union and forming of the budget of the Union for the next financial year is performed;

"authorized bodies" – executive bodies of state members of the Union to which functions on forming and execution of national budgets are assigned.

3. The budget of the Union shall be balanced in the income and expenses.

4. The budget of the Union affirms for one financial year which corresponds to calendar year and lasts from January 1 to December 31.

5. Settlement currency of the budget of the Union is the currency of the Russian Federation – Russian ruble.

6. Administrator of the budget of the Union is the Eurasian economic commission (further – the Commission).

II. Structure of the budget of the Union

7. The budget of the Union consists of profitable and account parts.

8. Budget receipts of the Union are created at the expense of contributions of state members of the Union (further – state members) which sizes are established by the Supreme Eurasian economic council (further – the Supreme council).

9. Expenses of the budget of the Union go on:

financing of activities of bodies of the Union;

holding meetings of the Supreme council, Eurasian intergovernmental council (further – Intergovernmental council), Council of the Commission.

10. The budget of the Union includes text Articles, structure of budget receipts of the Union and departmental expense structure of the budget of the Union.

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