The Source of Budget Replenishment

Deputies in the course of the plenary session by a majority vote adopted a draft resolution of the Supreme Council “On approval of estimates of revenues and expenditures of the central bank PMR 2015 and the order of distribution of central bank profits, remaining at the disposal of the central bank”.

Taking into account the amendments adopted at the last meeting of the Supreme Council, the central bank revenues amount to more than 140 million rubles, 80 million - expenses. It is easy to calculate that the profit of the bank should have a level 60 million rubles. In this case, the Supreme Council adopted a resolution, according to which the Republican budget will be allocated 90% of the profits of the PRB (54 million rubles). In addition, the prescribed procedure for distribution of remaining at its disposal 10% of the profits, one half of the funds - to fund industrial and social development, the second - to the reserve fund.

At today's plenary session of parliament continued to discuss the draft budget of the central bank. The deputies of the Parliamentary Committee on Economic Policy recommended supplementing its contents with explanatory note specifying the source of income from participation in the capital of credit institutions and other organizations.

  The head of the profile committee Oleg Vasilaty suggested including section of the capital investment to the draft estimates of revenues and expenses. According to the parliamentarian, the amendment was developed by analogy with the procedure of capital expenditure programs approval, established in the law on the national budget for 2015 and the following two years.

The proposal caused controversy with the official representatives of Pridnestrovian Republican Bank. According to opponents, the draft budget for the following year shall be prepared in accordance with the law “On the Central Bank of PMR”. In support of its position the Head of Legal Support of PRB Inna Goleva voiced the content of Article 12 of the Law. The approval of the volume of employees salaries, the volume of capital investments and other administrative expenses of the central bank is the responsibility of the Board of the bank (Bank of the collegial body) is enshrined in it.

According to the official representative of the central bank, the essence of conflict is also a difference in numbers; approved by the Board of bank and presented by specialized parliamentary committee.

Deputies by majority of votes supported the colleagues relating to proposed amendments to the document. The income and expense pro forma of PRB for 2015 and the allocation of profits of the central bank left in its possession were approved in the course of the plenary session.