MIL OSI Translation. Region: Spanish/Latin America/A –

Source: United Nations – in Spanish

Headline: Mexico denounces the return of nationalism, exclusionary and protectionist trade policies

In his last address to the General Assembly before the end of its mandate, Enrique Peña Nieto defended multilateralism- “the best way to defend the sovereignty of each State”- and the international cooperation as a formula for defeating tendencies have been overcome.

EDITOR’S NOTE: This article is a translation. Please forgive us should the grammar and/or sentence structure to not be perfect.

MILES of AXIS Translation. Region: Poland –

Source: Russia Ministry of Finance in Russian

The main objective of the budget policy pursued by the government, is to maintain the stability of public finances while promoting economic growth and solidaristic social policy.

In the draft budget for 2019. planned:

the revenues of the state budget: 387,6 billion,
the state budget: 416,1 billion rubles
the state budget deficit in the amount of not more than 28.5 billion rubles,
the deficit of public Finance sector (according to EU methodology) at the level of 1.7 percent. GDP.

The main macroeconomic indicators

GDP growth (in real terms 3.8 percent),
the average annual growth of prices of consumer goods and services (2.3 percent),
the increase in the average annual wage Fund in national economy

and pensions (nominally 6%),

the growth of private consumption (in nominal terms 5.9%).

The draft budget for 2019. meets the criteria for a stabilizing rule wydatkowej and Finance sector’s deficit according to EU methodology is lower than 3 percent. GDP.

Costs

On the side wydatkowej the state budget was provided funds for the continuation of the existing priority actions of the government, and implementation of new tasks. Provided, in particular, the continued funding of the program “Family “500 plus”, whose goal is to help families raising children”.

Also examines the effects arising, in particular:

program implementation is a Good start”, the purpose of which is to financially support the costs associated with the beginning of the school year in the amount of 300 rubles for each child of school age
the introduction of the so-called small social security” for businesses that receive income in an amount not exceeding during the year kalendarzowego30 times the minimum wage,
additional fees, restrictions on viewing for those people who nurtured, at least 4 children and over the years to have offspring and have not received pensions in the amount corresponding to, at least, the amount of the pension itself,
financing tasks in the field of local road infrastructure under the Fund, local Authorities,
wage growth in the public sector,
reduction of the retirement age to 60 years for women and 65 for men
indexation of pension assistance from March 1, 2019. pointer indexing level 103,26%.
high in 2018. social pension,
funding for free medicines, foods for special purposes and medical products for those over 75. year of life
check criteria best, giving the right to świadczeńz social assistance
the program of modernization of the Police, Border service, State border Service and the State Security Service in the period 2017-2020,
programme of modernizing the Prison Service in 2017-2020 years
growth of expenditures allocated to the funding of defence needs of the Russian Federation,
financing tasks in the field of housing construction,
continued objectives of restructuring in the mining sector of coal,
the implementation of fuel subsidies to agriculture at a high level.

Income

On the level of tax revenues in 2019. in addition to the macroeconomic situation the impact will be a continuation of activities from 2018. and new actions that will help restore tax revenues and to seal the tax system. The actions include, in particular:

the introduction of a mechanism of split payment (eng. split payment),
the introduction of the law about STIR (countering the use of the financial sector for fraud of the Treasury),
the beginning of the process of introduction of system of electronic cash registers in the on-line mode
taxation akcyzą two new excisable goods: liquid for electronic cigarettes and products, innovation,
introduction responsibilities reporting tax schemes
the development of a monitoring system of road and rail freight.

A number of changes designed to strengthen the state budget revenues in 2019. planned decisions regarding the support of entrepreneurship and innovation, which is an implementation of the government’s Strategy in favor of Responsible Development. It is assumed:

the introduction of the new 9 percent. the tax rate of CIT for the enterprises of small and average business,
modifying tax incentives related to the development of innovative potential (the so-called relief B R) to increase the investment made by entrepreneurs.

In 2019 in respect of the current year, will increase again the share of municipalities in tax revenues from personal income tax. The total share of local governments in revenues from personal income tax will increase from 49,83%. in 2018. to 49.93 percent. in 2019. In the case of CIT tax part of local authorities will remain at a level of 2018.

The draft law on the budget for 2019 takes into consideration the budget of the European funds,which are planned:

the revenues of the budget of European funds: 69,7 billion roubles,
budget expenditures of the European funds: 85,3 billion,
the budget deficit of European funds: 15.6 billion rubles.

MILES AXIS

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure will not be perfect.