TohidA/MONA · Datasets at Hugging Face

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a monitoring system to report significant changes in key accounting data such as credit levels and composition, credit portfolio stress risks, and risk diversification.

8

09/30/2002

M

N/A

9

8

2002-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Further progress toward the sale of the four remaining federalized state banks.

1

12/31/2002

MOD-DATE

Shifted to June '03 test date.

9

1

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Further progress toward the sale of the four remaining federalized state banks.

1

06/30/2003

MOD-DATE

Shifted to Sept. '03 test date.

9

1

2003-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Further progress toward the sale of the four remaining federalized state banks.

1

09/30/2003

M

N/A

9

1

2003-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Implement the bankruptcy law (after congressional approval) by providing training as outlined in paragraph 11

1

06/30/2004

MOD-DATE

At P1R9, delayed to 12/31/04.

9

1

2004-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Implement the bankruptcy law (after congressional approval) by providing training as outlined in paragraph 11

1

12/31/2004

SB

N/A

9

1

2004-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Implement the Provisional Measure to allow workers to pledge a fraction of their future wages to the repayment of consumer loans and expand the arrangement to include retirees in the public pension system via a National Social Security Institute (INSS) ruling

2

03/31/2004

M

N/A

9

2

2004-03-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Conduct a study to identify measures to simplify, integrate, and reduce registration requirements for business and address overlaps and redundancies between different agencies and levels of government

3

09/30/2004

MD

Met in November 2004.

9

3

2004-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Progress towards the passage of a new bankruptcy law aiming at protecting creditor rights and a quicker restructuring of distressed businesses.

4

05/31/2003

M

N/A

9

4

2003-05-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2004-12-15

P1

R9

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Enactment of the legislation to convert the social contribution for the Programa de Integração Social (PIS) into a value-added tax (VAT), as a first step towards converting the CONFINS into a VAT.

1

12/31/2002

M

N/A

9

1

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Introduce legislation to Congress to expand the scope of portfolio adjustments that are free from the bank debit tax (CPMF)

1

03/31/2004

M

Met with one day delay. Completed on April 1.

10

1

2004-03-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submission to congress of the legislation to prevent a revenue shortfall arising from the expected reduction in the rate of the bank debit tax (CPMF) scheduled for 2004, that is not offset by other measures.

2

03/31/2003

MOD-SB

Incorporated into June '03 tax reform benchmark.

10

2

2003-03-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submission to Congress of a tax reform proposal as explained in paragraph 8 of February 2003 LOI: "To improve the structure of taxation, the government is working on a tax reform proposal focused on reducing regressivity, the bias against exports, the level of revenue earmarking, tax competition among states, administrative costs, and tax evasion. The reform will seek to be revenue-neutral, maintaining the value of revenues at all levels of government, while improving the efficiency of the economy(...)"

3

06/30/2003

M

N/A

10

3

2003-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Submission to congress of the legislation to reduce the degree of earmarking of federal revenues (net of transfers to states and municipalities).

1

03/31/2003

MOD-SB

Incorporated into June '03 tax reform benchmark.

10

1

2003-03-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Announce criteria to increase borrowing limits for state and local governments that propose qualifying revenue-yielding projects of a self sustaining nature in water and sanitation, with a view to modernizing the sector

4

12/31/2003

M

N/A

10

4

2003-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.5

1.5. Debt Management

Start of operations of the new primary and secondary dealer system and the development of the sale of public debt over the internet.

1

09/30/2003

M

N/A

10

1

2003-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Complete a study on the implications of budget rigidities for maintaining a cyclically-adjusted fiscal stance

1

06/30/2004

M

N/A

10

1

2004-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Completion by the central bank of an audit of its international reserves management function and systems.

3

09/30/2002

M

N/A

10

3

2002-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

23.1

4.1. Pension reforms

Submission to congress of enabling legislation to create complementary pension funds for federal civil servants after the approval of the relevant legislation.

1

12/31/2002

MOD-DATE

June '03 test date set.

10

1

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

23.1

4.1. Pension reforms

Submission to congress of enabling legislation to create complementary pension funds for federal civil servants after the approval of the relevant legislation.

1

06/30/2003

MOD-SB

At P1R4, incorporated into broader pension reform.

10

1

2003-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

23.1

4.1. Pension reforms

Submission to Congress of legislation to reform the civil servants' pension system, consistent with the principles of the Brasilia Letter.

2

06/30/2003

M

N/A

10

2

2003-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a streamlined set of indicators from the financial data currently reported to the Off-Site Banking Supervision Department of the central bank to assess the economic and financial soundness of nonbanking financial institutions.

1

12/31/2002

M

N/A

10

1

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a streamlined set of indicators from the financial data currently reported to the Off-Site Banking Supervision Department of the central bank to assess the economic and financial soundness of banks.

2

09/30/2002

M

N/A

10

2

2002-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a monitoring system to report significant changes in key accounting data such as credit levels and composition, credit portfolio stress risks, and risk diversification.

3

09/30/2002

M

N/A

10

3

2002-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Completion of a review of differences between Brazilian and internationally-accepted practices for the use of independent external bank auditors, in order to evaluate the appropriateness of implementing such international practices.

4

12/31/2002

M

N/A

10

4

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Completion of the updating of existing regulations regarding licensing of financial institutions, including the adoption of a multistage approach to the licensing process; the introduction of a requirement that firms present detailed operating plans before licensing, including information on corporate organization and structure, internal controls, and corporate governance; and the requirement that the licensing process include consideration of the impact of the proposed new financial institution on market concentration and competition.

5

12/31/2002

M

N/A

10

5

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Enable loan applicants and banks to have access to the central bank's centralized credit rating system (SCR, Cadastro Positivo), with a view to make available to competing banks information on borrowers' credit profiles

6

06/30/2004

M

N/A

10

6

2004-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implement a systematic assessment of credit risk level of the largest borrowers in the financial system.

7

09/30/2002

M

N/A

10

7

2002-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a monitoring system to verify the quality of the accounting data provided to the Financial System Information Management Department of the central bank in terms of data consistency and accuracy.

8

12/31/2002

M

N/A

10

8

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Further progress toward the sale of the four remaining federalized state banks.

1

12/31/2002

MOD-DATE

Shifted to June '03 test date.

10

1

2002-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Further progress toward the sale of the four remaining federalized state banks.

1

06/30/2003

MOD-DATE

Shifted to Sept. '03 test date.

10

1

2003-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Further progress toward the sale of the four remaining federalized state banks.

1

09/30/2003

M

N/A

10

1

2003-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Implement the Provisional Measure to allow workers to pledge a fraction of their future wages to the repayment of consumer loans and expand the arrangement to include retirees in the public pension system via a National Social Security Institute (INSS) ruling

1

03/31/2004

M

N/A

10

1

2004-03-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Implement the bankruptcy law (after congressional approval) by providing training as outlined in paragraph 11

2

06/30/2004

MOD-DATE

At P1R9, delayed to 12/31/04.

10

2

2004-06-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Implement the bankruptcy law (after congressional approval) by providing training as outlined in paragraph 11

2

12/31/2004

NM

At R10, "Delayed". R10 is final review.

10

2

2004-12-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Conduct a study to identify measures to simplify, integrate, and reduce registration requirements for business and address overlaps and redundancies between different agencies and levels of government

3

09/30/2004

MD

Met in November 2004.

10

3

2004-09-30

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Progress towards the passage of a new bankruptcy law aiming at protecting creditor rights and a quicker restructuring of distressed businesses.

4

05/31/2003

M

N/A

10

4

2003-05-31

N/A

513

BRAZIL

223

SBA

2002-09-06

2,002

2003-11-05

2,003

2005-03-31

N/A

2005-03-22

P1

R10

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Enactment of the legislation to convert the social contribution for the Programa de Integração Social (PIS) into a value-added tax (VAT), as a first step towards converting the CONFINS into a VAT.

1

12/31/2002

M

N/A

10

1

2002-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of legislation to use the Bulstat number as the single identification for all tax and social contribution payments.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of the NRA procedural code.

2

Program Prior Action

M

N/A

0

2

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Acquisition of an information technology system for the National Revenue Agency

1

09/30/2004

SB

N/A

0

1

2004-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Transfer of the lev-denominated suspense accounts of the customs office to the BNB

2

10/31/2004

SB

N/A

0

2

2004-10-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Parliamentary approval of the NRA procedural code

3

11/15/2004

SB

N/A

0

3

2004-11-15

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

No new extrabudgetary funds or state-owned enterprises (with the possible exception of the companies set up for forestry and ports management and two funds to protect the environment and cover possible future pension gaps) to be created during the program period.

1

Continuous

SB

Continuous sb, introduced at P1R0.

0

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Full operationalization of the five modules of the Financial Management Information System in the Ministry of Finance

1

12/31/2004

SB

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

23.1

4.1. Pension reforms

Adoption of a law to base the annual adjustment of pensions on 75 percent of the increase in the average consumer price index in the previous year and 25 percent of the increase in the average insurable income in the previous year

1

12/31/2004

SB

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Preparation of a privatization plan that ensures revenues consistent with the 2005-06 balance of payments projections

1

11/15/2004

SB

N/A

0

1

2004-11-15

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Sale of at least 5 tobacco companies representing at least 50 percent of the assets of the entities of the Bulgartabac holding identified as salable in the Phase I preparation phase (measured either as 50 percent of the market value as estimated at the end of the financial advisor's Phase I valuation work, or as 50 percent of net assets of the entities to be privatised, or as 50 percent of sales in 2003 of the entities to be privatised)

2

12/31/2004

SB

N/A

0

2

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

28

9. Labor markets, excluding public sector employment

Adoption of a decree that eliminates the portability of the seniority bonus and submission to parliament of an amendment to the labor code that facilitates work outside regular hours

1

12/31/2004

SB

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Submission to parliament of amendments to the companies law, the civil procedure code, and any other legal instruments necessary to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures

1

12/31/2004

SB

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SPC

20.2

1.2. Revenue administration, including customs

Approval by parliament of legislation to use the Bulstat number as the single identification for all tax and social security payments.

1

12/31/2004

PC

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Incorporation into the Treasury Single Account (TSA) of the lev-denominated accounts of all autonomous budgetary entities currently outside the TSA (i.e. all entities of the judicial system, the teachers' pension fund, and all state universities.

1

12/31/2004

PC

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SPC

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Approval of a law giving the NSSI authority from January 1, 2005 to have its own medical experts verfiy and recertify any disability certification issued before Jnauary 1, 2005; and requiring the NSSI to have its own medical experts recertify all disability certifications issued from this date.

1

12/31/2004

PC

N/A

0

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SPC

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Selection of winning bids for the sale of seven electricity distribution companies.

1

09/30/2004

PC

N/A

0

1

2004-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Reduction of the proportion of cash in vault usable for fulfilling reserve requirements to 50 percent.

1

10/01/2004

PC

N/A

0

1

2004-10-01

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-15

2,006

N/A

2004-08-06

P1

R0

E

SPC

26

7. Exchange systems and restrictions (current and capital)

No imposition of new or intensification of existing restrictions on the making of payments and transfers for current international transactions, nor introduction or modification of multiple currency practices, nor conclusion of any bilateral payments arrangements that are inconsistent with Article VIII of the IMF Articles of Agreement, nor imposition or intensification of any import restrictions for balance of payments purposes, nor accumulation of any external payments arrears.

1

Continuous

PC

Continuous pc. Introduced at P1R0.

0

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

20.2

1.2. Revenue administration, including customs

Adoption by parliament of a draft law to use the Bulstat number as the single identification for all tax and social security contribution payments.

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of legislation to use the Bulstat number as the single identification for all tax and social contribution payments.

2

Program Prior Action

M

N/A

1

2

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of the NRA procedural code.

3

Program Prior Action

M

N/A

1

3

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

20.2

1.2. Revenue administration, including customs

Completion of first reading of the NRA procedural code

4

First Review Prior action

M

N/A

1

4

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of new PIT, CIT, VAT, and excise tax laws required to make the NRA operational.

5

First Review Prior action

M

N/A

1

5

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

20.2

1.2. Revenue administration, including customs

Appointment by parliament of a deputy chairman of the Financial Supervision Commission in charge of the insurance sector.

6

First Review Prior action

M

N/A

1

6

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

PA

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Approval by the council of ministers of a strategy to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures.

1

First Review Prior action

M

At P1R0, was a SB (12/31/04 test date which was delayed, and partially converted to PA) which required "submission to parliament of amendments to the companies law, the civil procedure code, and any other legal instruments necessary to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures".

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit a constitutional amendment to parliament to allow municipalities to set their own tax rates.

1

06/30/2005

SB

N/A

1

2005-06-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by parliament of new PIT, CIT, VAT and excise tax laws required to make the NRA operational.

2

09/30/2005

SB

N/A

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Government to update the property tax valuations.

3

09/30/2005

SB

N/A

1

3

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Parliamentary approval of the NRA procedural code

1

11/15/2004

MOD-SPC

At P1R1, delayed due to delays in the parliamentary timetable. First reading of the law was a PA at P1R1, and approval by parliament is a SPC for September 30, 2005.

1

2004-11-15

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Acquisition of an information technology system for the National Revenue Agency

2

09/30/2004

M

N/A

1

2

2004-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Transfer of the lev-denominated suspense accounts of the customs office to the BNB

3

10/31/2004

M

N/A

1

3

2004-10-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

No new extrabudgetary funds or state-owned enterprises (with the possible exception of the companies set up for forestry and ports management and two funds to protect the environment and cover possible future pension gaps) to be created during the program period.

1

12/31/2004

NM

Not met for P1R1. On December 16, 2004 the COM set up the Public Investment Projects state-owned enterprise. The 2005 program considers the enterprise to be part of the consolidated general government.

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

No new extrabudgetary funds or state-owned enterprises (with the possible exception of the companies set up for forestry and ports management and two funds to protect the environment and cover possible future pension gaps) to be created during the program period.

1

Continuous

SB

Continuous sb, introduced at P1R0.

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Full operationalization of the five modules of the Financial Management Information System in the Ministry of Finance

1

12/31/2004

MD

Met with 12 day delay due to technicalities associated with loading the end-2004 data into the system.

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Ministry of Finance to prepare an economic classification of consolidated general, central and local government expenditures.

2

09/30/2005

SB

N/A

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Ministry of Finance to use only the Financial Management Information System.

3

09/01/2005

SB

N/A

1

3

2005-09-01

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

23.1

4.1. Pension reforms

Adoption of a law to base the annual adjustment of pensions on 75 percent of the increase in the average consumer price index in the previous year and 25 percent of the increase in the average insurable income in the previous year

1

12/31/2004

M

N/A

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Preparation of a privatization plan that ensures revenues consistent with the 2005-06 balance of payments projections

1

11/15/2004

M

N/A

1

2004-11-15

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Sale of at least 5 tobacco companies representing at least 50 percent of the assets of the entities of the Bulgartabac holding identified as salable in the Phase I preparation phase (measured either as 50 percent of the market value as estimated at the end of the financial advisor's Phase I valuation work, or as 50 percent of net assets of the entities to be privatised, or as 50 percent of sales in 2003 of the entities to be privatised)

2

12/31/2004

NM

At P1R1, privatization of cigarette making factories terminated due to withdrawal of the only bidder and political infighting. To date, sales of five tobacco processing companies have been negotiated and finalization of an additional one awaits approval by Bulgartabac’s supervisory board. This benchmark has been dropped for the time being due to political problems which make progress impossible before the June 25, 2005 election.

1

2

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Approval of legal provisions requiring leasing companies to report regularly their ownership structure and financial operations.

1

12/31/2005

SB

N/A

1

2005-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

28

9. Labor markets, excluding public sector employment

Adoption of a decree that eliminates the portability of the seniority bonus and submission to parliament of an amendment to the labor code that facilitates work outside regular hours

1

12/31/2004

NM

At P1R1, working group comprising social partners has been set up but agreement is unlikely in the immediate future due to union opposition. Eliminating portability of the seniority bonus for unemployed is now SB for December 31, 2005. Submission of draft legislation to parliament to increase working time flexibility is SB for September 30, 2005.

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

28

9. Labor markets, excluding public sector employment

Submission to parliament of a draft law raising the legal limits on maximum working hours, lengthening calculation periods, and expanding the reasons for work outside regular hours.

2

09/30/2005

SB

N/A

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

28

9. Labor markets, excluding public sector employment

Issuance of a government decree eliminating the portability of the seniority premium in the case of unemployment.

3

12/31/2005

SB

Condition is modified from previous SB when all seniority bonuses were to be abolished.

1

3

2005-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Submission to parliament of amendments to the companies law, the civil procedure code, and any other legal instruments necessary to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures

1

12/31/2004

MOD-PA

At P1R1, delay due to opposition from the independent judiciary. Interinstitutional working group strategy to be approved by the COM was a PA under the First Review and submission of laws to parliament is SB for September 30, 2005.

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Submit to parliament draft legislation to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures.

2

09/30/2005

SB

N/A

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Approval by parliament of legislation to use the Bulstat number as the single identification for all tax and social security payments.

1

12/31/2004

WMOD-PA

Converted to PA at P1R1, and adopted by Parliament on April 27, 2005.

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Adoption by parliament of the NRA procedural code

2

09/30/2005

PC

Prior to P1R1, was previously a SB. First reading of the code was a PA under the First Review of the SBA and was passed on first reading on April 19, 2005.

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Approval of a law giving the NSSI authority from January 1, 2005 to have its own medical experts verfiy and recertify any disability certification issued before Jnauary 1, 2005; and requiring the NSSI to have its own medical experts recertify all disability certifications issued from this date.

3

12/31/2004

M

N/A

1

3

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Incorporation into the Treasury Single Account (TSA) of the lev-denominated accounts of all autonomous budgetary entities currently outside the TSA (i.e. all entities of the judicial system, the teachers' pension fund, and all state universities.

1

12/31/2004

WMOD-SPC

Expenditure accounts of judiciary have not been incorporated into the TSA and is an end September 2005 PC

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Incorporation of all lev-denominated expenditure accounts of the judicial system in the budgetary payments system (SEBRA).

2

09/30/2005

PC

Incorporation into the Treasury Single Account of all lev-denominated accounts of all autonomous budgetary entities was a SPC for P1R1. This was partially completed except for the expenditure accounts of the judiciary which this SPC addresses.

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Selection of winning bids for the sale of seven electricity distribution companies.

1

09/30/2004

M

N/A

1

2004-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Selection of winning bids for the sale of three large thermal electricity companies (Varna EAD, Ruse EAD, and Bobov Dol EAD)

2

09/30/2005

PC

N/A

1

2

2005-09-30

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Reduction of the proportion of cash in vault usable for fulfilling reserve requirements to 50 percent.

1

10/01/2004

M

N/A

1

2004-10-01

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

26

7. Exchange systems and restrictions (current and capital)

No imposition of new or intensification of existing restrictions on the making of payments and transfers for current international transactions, nor introduction or modification of multiple currency practices, nor conclusion of any bilateral payments arrangements that are inconsistent with Article VIII of the IMF Articles of Agreement, nor imposition or intensification of any import restrictions for balance of payments purposes, nor accumulation of any external payments arrears.

1

12/31/2004

M

Met for P1R1.

1

2004-12-31

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2005-05-18

P1

R1

BLANK

SPC

26

7. Exchange systems and restrictions (current and capital)

No imposition of new or intensification of existing restrictions on the making of payments and transfers for current international transactions, nor introduction or modification of multiple currency practices, nor conclusion of any bilateral payments arrangements that are inconsistent with Article VIII of the IMF Articles of Agreement, nor imposition or intensification of any import restrictions for balance of payments purposes, nor accumulation of any external payments arrears.

1

Continuous

PC

Continuous PC. Introduced at P1R0.

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

20.2

1.2. Revenue administration, including customs

Adoption by parliament of a draft law to use the Bulstat number as the single identification for all tax and social security contribution payments.

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of legislation to use the Bulstat number as the single identification for all tax and social contribution payments.

2

Program Prior Action

M

N/A

2

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of the NRA procedural code.

3

Program Prior Action

M

N/A

2

3

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

20.2

1.2. Revenue administration, including customs

Completion of first reading of the NRA procedural code

4

First Review Prior action

M

N/A

2

4

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

20.2

1.2. Revenue administration, including customs

Submission to parliament of new PIT, CIT, VAT, and excise tax laws required to make the NRA operational.

5

First Review Prior action

M

N/A

2

5

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Appointment by parliament of a deputy chairman of the Financial Supervision Commission in charge of the insurance sector.

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

549

BULGARIA

918

SBA

2004-08-06

2,004

2006-09-05

2,006

N/A

2006-04-03

P1

R2

BLANK

PA

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Approval by the council of ministers of a strategy to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures.

1

First Review Prior action

M

At P1R0, was a SB (12/31/04 test date which was delayed, and partially converted to PA) which required "submission to parliament of amendments to the companies law, the civil procedure code, and any other legal instruments necessary to transfer business registration to a nonjudicial administrative body and establish a unified national electronic register with limited judicial oversight and simplified administrative procedures".

2

1

2023-09-23

N/A