The amount the reserve fund of Lukashenka in 2013 will be 1 912 951 760 000 rubbles or 225 million USD.
Such parameters are built into the budget project for 2013, which is going to be approved by the old membership of the parliament. The parliament members are unlikely to pay attention to the fact that the expected amount of the Lukashenka’s reserve fund is exceeding the maximum foreseen in the Budget Code of Belarus. In particular, the article 43 of the law states that the amount of the reserve fund of the head of the state cannot exceed 1% of the budget income, Narodnaya Volya reports.
The income for 2013 in its turn is planned not on a very high level – 121,7 trillion Belarusian rubbles (or taking the current exchange rate of 8500 BYR per USD) – 14,3 billion United States dollars. So the reserve fund of the Belarusian ruler will take 1,5 – 1,6% of the state budget. This is 10 times more than the fund for force major situations, natural disasters, incidents and catastrophes; more than the fund of the state producer goods reserves; more than the whole financial support foreseen in the budget for legal persons and entrepreneurs; 2 times more than the whole expenses on culture; twice more than the physical culture and sport.
At the same time the Budget Code does not limit Lukashenka in spending this money. The part 2 of the article 43 states that “the spending of the reserve fund of the president of Republic of Belarus is carried out based on the decisions of the president of Republic of Belarus”. It means that we can spend the fund arbitrary. It is only known that from this fund the scholarships to the talented youth are paid.
However, as to the amount of the reserve fund of Lukashenka there is a huge room for a maneuver because it is not supposed to “usually” exceed 1% of the budget. It means that the law implies some exceptions from the general rule.
However, it is necessary to admit that the dictator’s appetites grow. Only a year ago in 2011 the reserve fund was 90 million dollars.
Commentator Aliaksandr Krasnapeutsau
Such parameters are built into the budget project for 2013, which is going to be approved by the old membership of the parliament. The parliament members are unlikely to pay attention to the fact that the expected amount of the Lukashenka’s reserve fund is exceeding the maximum foreseen in the Budget Code of Belarus. In particular, the article 43 of the law states that the amount of the reserve fund of the head of the state cannot exceed 1% of the budget income, Narodnaya Volya reports.
The income for 2013 in its turn is planned not on a very high level – 121,7 trillion Belarusian rubbles (or taking the current exchange rate of 8500 BYR per USD) – 14,3 billion United States dollars. So the reserve fund of the Belarusian ruler will take 1,5 – 1,6% of the state budget. This is 10 times more than the fund for force major situations, natural disasters, incidents and catastrophes; more than the fund of the state producer goods reserves; more than the whole financial support foreseen in the budget for legal persons and entrepreneurs; 2 times more than the whole expenses on culture; twice more than the physical culture and sport.
At the same time the Budget Code does not limit Lukashenka in spending this money. The part 2 of the article 43 states that “the spending of the reserve fund of the president of Republic of Belarus is carried out based on the decisions of the president of Republic of Belarus”. It means that we can spend the fund arbitrary. It is only known that from this fund the scholarships to the talented youth are paid.
However, as to the amount of the reserve fund of Lukashenka there is a huge room for a maneuver because it is not supposed to “usually” exceed 1% of the budget. It means that the law implies some exceptions from the general rule.
However, it is necessary to admit that the dictator’s appetites grow. Only a year ago in 2011 the reserve fund was 90 million dollars.
Commentator Aliaksandr Krasnapeutsau
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