President of Belarus Alexander Lukashenko
© Administration of the President of Belarus / president.gov.by
Belarusian President Alexander Lukashenko signed a law that allows the president and government of the country to adjust the budget for the current financial year, document published on the national legal Internet portal.
Deputies of the House of Representatives of the National Assembly of Belarus adopted the draft law on April 18. Changes will be made to the Budget Code of Belarus. It is alleged that the head of the republic will be able to adjust the budget in order to redistribute its costs. In addition, the law provides for liability for deliberate non-accrual, as well as non-payment of mandatory pension and insurance contributions.
“The president or, by his decision, the government may establish the specifics of regulating budgetary relations that arise in the process of budget execution during the financial year,” the law says.
In February last year Belarus held a vote to amend the constitution. Among the most significant adjustments are the granting of broad powers to the All-Belarusian People’s Assembly, as well as the limitation of two terms of the president’s rule. After that, Lukashenka promised “democratic changes” in the republic.
