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Estonia · Law · SE

456

State Budget Act Amendment Act

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

4 May 2017

Last action

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Status

AVALDATUD_RIIGITEATAJAS

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Subjects

Discovery layer

Source updated

19 June 2017

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Summary

The bill envisages increasing the informativeness of the state budget, for which information on the three years following the budget year will be submitted to the Riigikogu together with the state budget. Information requirements are specified. Among other things, accrual-based forecasts are added. Bureaucracy will also be reduced, for which the budget strategy and budget preparation processes will be combined and the government will be allowed to direct funds within the budget year to the areas of government. sometimes, based on the funds allocated by the Riigikogu for the implementation of programs in the performance areas. The draft provides for a multi-year view of fiscal policy, for which the budget balance rule will be monitored as an average of several years. Surpluses from previous years can be used for investments up to 0.5 percent of GDP.

Machine translation from Estonian. The official text remains authoritative.

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Documents

28 official files

Lõpptekst bdoc

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