DRAFT
Act
from ............. 2004
on the State Budget for 2005
  The National Council of the Slovak Republic has resolved on the following Act:  
 § 1
 (1) Total revenues of the State Budget for the year 2005 are budgeted to the amount of SKK 258,555,991,000. Total expenditures of the State Budget for the year 2005 are determined to the amount of SKK 320,079,891,000.
 (2) The State Budget deficit for 2005 is determined at the amount of SKK 61,523,900,000.  
 (3) A complete overview of the revenues and expenditures of the State Budget for 2005 is given in Annex 1. 
 (4) The division of budget revenues and expenses to individual chapters of the State Budget for 2005 is given in Annexes 2 and 3. The division of expenses for performance of the Policy Statement of the Government of the Slovak Republic (hereinafter called “Government”) is given in Annex 4.
 (5) The State Budget for the year 2005 shall provide subsidies to the budgets of municipalities as per the overview given in Annex 5, comprising a total of SKK 16,054,931,000. In 2005 the State Budget will provide subsidies to the budgets of Upper-tier Territorial Units as per the overview given in Annex 6, comprising a total of SKK 9,544,002,000. 
 (6) State Budget reserves for 2005 are budgeted to the amount of SKK 3,000,033,000; their distribution is given in Annex 7.  
 (7) Specific funds of individual chapters of the State Budget budgeted for 2005 comprise a total of SKK 43,128,711,000; their division is given in Annex 8.  
 § 2 
 (1) The Government, or by way of power of attorney the Ministry of Finance of the Slovak Republic, may adjust crucial indicators of the 2005 State Budget given in Annexes 2 to 8 during the course of the year. In 2005 the Government shall execute amendments to the systemisation in line with separate regulation. 
 
(2) Adjustments as per subsection 1 may exceed the total expenditures of the State Budget for 2005 given in § 1 subsection 1 by a maximum of 1%, whereby the State Budget deficit for 2005 as per § 1 subsection 2 may not be increased.
  § 3  
 The State contribution provided from the funds of the State Budget as per separate regulation  to recipients of mortgage loans shall be determined as 0% p.a. for the year 2005. 
  § 4
(1) The volume of State liabilities for repayment of sums of principal of State debt in 2005 shall comprise SKK 140,631,134,000; an overview and the sources of their financing for 2005 are given in Annex 9.
(2) The Government shall be authorised in 2005 to draw on loans
a) From the European Investment Bank for the financing of motorways and expressways up to the amount of SKK 650,000,000,
  b) From the World Bank to finance the modernisation of the systems of employment, education and social cohesion, including an advance up to SKK 200,000,000.
  
 § 5
 (1) Pay tariffs in 2005 shall increase by 4% as of 1 July 2005.
 (2) The pay tariff scale in 2005 shall increase by 5% from 1 July 2005.
 (3) Service pay of members of the Police Force, the Slovak Information Service (SIS), the Prison and Judicial Guard Corps of the Slovak Republic, the Railway Police, the National Security Office (NSO) and customs officers shall increase in 2005 by 5% from 1 July 2005.
 (4) Service pay of professional soldiers in 2005 shall increase by 5% from 1 July 2005; this shall not apply if a separate Act in 2005 governs the State service of professional soldiers of the armed forces of the Slovak Republic, when the rate of increase is determined at the level of 0% due to the rank payment of professional soldiers in 2005.
 (5) The percentage rate for calculation of additional service income of professional soldiers in 2005 is determined as 100%. 
 
§ 6
    This Act shall come into effect as of 1 January 2005.