Article 142. Restrictions applied to the budget of the Republic of Karakalpakstan, local budgets of regions and city of Tashkent

The budget of the Republic of Karakalpakstan, local budgets of regions and city of Tashkent must have balanced revenues and expenditures. Deficit of the budget of the Republic of Karakalpakstan, local budgets of regions and city of Tashkent is not allowed.

When adopting and executing the budget of the Republic of Karakalpakstan, local budgets of regions and city of Tashkent it is not allowed to:

borrow, except for obtaining budget loans from higher budgets;

implement expenditures in excess of the approved budget allocations, except for cases provided for in part two of article 143 of this Code;

issue financial guarantees and securities covered by funds of relevant budgets in favor of other legal entities and individuals;

financing of initiated activities in the absence of a specific source of financing and (or) financing of construction and repairs during parallel design without tendering at the expense of the republican budget of the Republic of Karakalpakstan, regional budgets of the regions, the city budget of the city of Tashkent, as well as the budgets of districts and cities;

provide budget loans and credit lines to legal entities and individuals.