Adjustment of budget indicators

Meeting of the Committee on Economic Policy, Budget and Finance was held. The parliamentarians considered a number of legislative initiatives that involve amendments and additions to the law on the republican budget for 2023, to the law on the budget of the Unified State Social Insurance Fund as well as to the law “On the Unified Social Tax and Mandatory Insurance Contribution”.

Minister of Finance Alyona Ruskevich presented a legislative initiative of the Government, which proposes to correct the income and expenditures of the consolidated budget in some areas. This is connected, as the minister noted, with the foreign policy and foreign economic conditions in which our republic is currently located.

The legislative initiative corrects plans for income and taking into account the measures of state support for industrial enterprises, adopted last week by the Supreme Council. They provide for exemption from part of the mandatory contributions to the Unified State Social Insurance Fund. This is just over one percent of income. Part of the released funds, according to the report of the Government, enterprises will be able to use to increase the wages of their employees. Until the end of the year, the amount of these shortfalls in the budget will be about 75 million rubles.

According to the Committee on Economic Policy, some articles provide for an increase in expenditures. For example, an additional 500 thousand rubles will be used to increase the cost of remuneration of employees of the State Service of the Notaries of the Ministry of Justice, and almost 400 thousand more will be received by the State Service for Culture and Historical Heritage for the same purpose.

It is planned to increase the expenses for the Road Fund by 8 million rubles. The money will have to be directed, among other things, to carry out work on the installation of gravel and crushed stone on the Tiraspol-Kamenka-Ternovka road, the sidewalk on the Tiraspol-Bendery road at 18-21 km in the village of Parkany, as well as to repair the roadbed in Bendery along Tkachenko Street (from Gagarin street to Lenin street).

The parliamentarians decided to submit the legislative initiative of the Government for adoption in the first reading in the course of one of the next plenary meetings after discussion at the meeting of the Committee. A number of amendments are planned to be introduced into the legislative initiative within the framework of the second reading.

Another legislative initiative, which was submitted to the parliamentarians by the Government, concerns changes to the budget of the Unified State Social Insurance Fund. It is proposed to reduce the planned revenues of the Unified State Social Insurance Fund by 96 million rubles and adjust the planned limits on repayment of loans. This law-in-draft will be considered in the first reading at one of the plenary sessions.

As for the amendments to the law “On the Unified Social Tax and Mandatory Insurance Contribution”, two alternative legislative initiatives were presented to the parliamentarians for work. The deputies of the Committee on Economic Policy, Budget and Finance after the discussion decided to take as a basis the document proposed by the Government. As noted by the representative of the Ministry of Economic Development, the proposed changes are interconnected with the already adopted state support measures for industrial enterprises. Currently, many economic entities of the republic are increasingly facing difficulties in carrying out their activities, with restrictions from neighboring states and additional risks. Organizations are forced to divert additional funds from their turnover to establish new logistics routes to maintain an uninterrupted business process. Organizations are experiencing a shortage of free funds that could be used, including to increase the wages of employees. The government proposes to exclude from the main rate of the unified social tax (currently 25%) deductions for improving the equipment of healthcare institutions with medical equipment and the purchase of specialized medical vehicles (in the amount of 1%). Thus, the tax rate will be 24 (twenty four) percent.

The law-in-draft was adopted by the Committee in the first reading and sent for consideration in the course of the plenary session.