Article 141. Circulating cash balances

Circulating cash balances of the republican budget of the Republic of Uzbekistan, the republican budget of the Republic of Karakalpakstan, regional budgets of regions, city budget of city of Tashkent, as well as the budgets of districts and cities are formed in order to cover the temporary cash gaps between their revenues and expenditures.

Amount of circulating cash balances are set for:

the republican budget of the Republic of Uzbekistan, the budget of the Republic of Karakalpakstan, local budgets of regions and the city of Tashkent — by decree of the President of the Republic of Uzbekistan or the Cabinet of Ministers of the Republic of Uzbekistan;

budgets of districts and cities - the Jokargy Kenes of the Republic of Karakalpakstan, the Kengashes of people's deputies of the regions and the city of Tashkent when making decisions on the budget of the Republic of Karakalpakstan, local budgets of the regions and the city of Tashkent.

Amounts borrowed during the year from circulating cash balances must be recovered by the end of that year. Amount of circulating cash balances at the end of the year must correspond to the specified amount.

Circulating cash balances set for the next financial year are replenished by:

balances on separate treasury accounts of the relevant budgets at the beginning of the year;

amount of overfulfillment of revenue forecast during the first — third quarters of the current year.

In case of insufficient sources of budgets of districts and cities specified in part four of this article, the Council of Ministers of the Republic of Karakalpakstan, hokims of regions and city of Tashkent may decide to replenish the circulating cash balances of budgets of districts and cities.