CHAPTER 8. FINANCIAL AND BUDGETARY SYSTEM

Article 96

1. The financial system of the Pridnestrovian Moldavian Republic shall be based on its own monetary unit.

The right to manage public finances shall belong exclusively to the relevant executive authorities and only in accordance with a legislative act adopted by the Supreme Council of the Pridnestrovian Moldavian Republic.

2. No state funds can be spent and no state monetary obligations can be accepted otherwise than in the manner and within the limits established by law.

3. To cover the unforeseen budget deficit and unforeseen expenses of the state within the framework of the state budget, a state reserve fund shall be formed, the responsibility for the expenditure of which rests with the Government of the Pridnestrovian Moldavian Republic.

Article 97

1. All government revenues and expenditures must be included in the budget.

2. The budget shall be approved by law for one year or several years; in the latter case, it shall be approved separately for each year before the beginning of the first reporting year. Budget sections (budget programs) can have different durations over the years.

3. If the budget for the next year is not approved before the end of the reporting year, then until its approval, the relevant state authorities shall have the right to make, within the limits established by law for the relevant period of the past year, all expenses necessary for:

a) the maintenance of the specified budgetary organizations, authorities and administration and the implementation of expenses permitted by law;

b) fulfillment of the obligations of the state established by law.

If the expenses specified above are not covered by receipts from taxes, fees and other sources, the Government of the Pridnestrovian Moldavian Republic may realize, by way of crediting, the funds necessary to support the economy in an amount not exceeding one fourth of the total budget of the past year.

4. Laws adopted during the budget year and increasing approved budget expenditures or reducing budget revenues may be adopted by the Supreme Council only with the consent of the Government of the Pridnestrovian Moldavian Republic, expressed in the form of an opinion, except for the cases established by this paragraph.

The opinion shall be provided by the Government of the Pridnestrovian Moldavian Republic no later than 30 (thirty) working days from the date of receipt of the draft law.

If the conclusion shall not be provided within the time period established by part two of this paragraph, the law may be adopted by the Supreme Council in the absence of the conclusion of the Government of the Pridnestrovian Moldavian Republic.

5. Bills on the introduction or abolition of taxes, exemption from their payment, on the issue of state loans, on changing the financial obligations of the state, other bills providing for expenses covered by the state budget, with the exception of cases specified in paragraph 4 of this article, may be considered only if there is a conclusion of the Government of the Pridnestrovian Moldavian Republic, except for the cases established by this paragraph.

The opinion shall be provided by the Government of the Pridnestrovian Moldavian Republic no later than 30 (thirty) working days from the date of receipt of the draft law.

In case of failure to provide an opinion within the time period established by part two of this paragraph, the requirements of this paragraph regarding the need to obtain an opinion from the Government of the Pridnestrovian Moldavian Republic shall not be an obstacle to the consideration of the draft law.

Article 98

1. The introduction of new and changes to existing taxes can be made only on the basis of the law or subject to the conditions prescribed by law.

The Government of the Pridnestrovian Moldavian Republic shall be vested with the right to grant tax benefits and other financial exemptions within the limits established by law and in cases stipulated by law, and in other cases this can be done only through the adoption of the relevant law by the Supreme Council.

2. Laws and other legal acts that establish new taxes and other mandatory payments or worsen the situation of taxpayers do not have retroactive effect and come into force at the beginning of the new financial year, provided that they were officially published no later than three months before it. start.

No one can be forced to pay taxes and other obligatory payments established not by law, or the calculation and collection of which are carried out not by law, or in a different manner than is provided for by law.

3. The Government of the Pridnestrovian Moldavian Republic on the basis of the law shall have the right to cancel, introduce new, as well as increase, decrease, within the limits established by the current legislative acts, taxes and fees associated with foreign economic activity, and, if necessary, shall reduce and prohibit the import, export and transit products, goods and property in order to regulate foreign trade, the economy of the republic, the stability of domestic production, and shall take any other measures to develop the economy and the state. The Government of the Pridnestrovian Moldavian Republic, when presenting to the Supreme Council the draft annual state budget, shall submit to the Supreme Council for consideration the information on the measures taken to exercise these powers in the reporting financial year.

Article 99

The state taxation system shall be aimed at the good and benefit of the population, at satisfaction of financial needs of the state, just distribution of revenues and national wealth, as well as at stimulation of national production.

Article 100

1. Central bank shall be a state bank.

In its activity, the central bank of the state shall be accountable to the Supreme Soviet and the President of the Pridnestrovian Moldavian Republic and act within the framework established by this Constitution and law. Status of the central bank of the state shall be provided by law.

2. Currency issue shall be made only by the central bank within the limits determined by the Supreme Soviet of the Pridnestrovian Moldavian Republic, when approving the budget in the interests of state regulation and development of the economy of the Republic.