Key Benefits:
LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR
____________________________________________________________________ DECREE No. 916
THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,
CONSIDERING:
I. That the governments of the United States of America and the Republic of El Salvador, have agreed
to implement a joint economic development program called Partner for Growth, which has as its main objective to identify those key issues or barriers that impede growth
of El Salvador and based on it, coordinate the efforts of both governments and international donors
to overcome these barriers.
II. That dated September 30, 2014, the Republic of El Salvador, through the Ministry of Foreign Affairs and the United States of America, acting through the Millennium Challenge Corporation (MCC),
signed the Convention of the Reto of the Millennium up to the amount of TWO HUNDRED AND SEVENTY SEVEN
00/100 MILLION DOLLARS FROM THE UNITED STATES OF AMERICA ($277,000,000.00) and that has as purpose to increase the productivity and competitiveness of the country, through the increase in the investment
private, the improvement of the education and the reduction of the costs of logistics and transport.
III. That the aforementioned Convention was ratified in all its parts by means of Legislative Decree No. 836 dated October 31, 2014, published in Official Journal No. 206, Volume No. 405 of November 5,
same year; in addition, by Decree Legislative N ° 839 of 30 October 2014, published in the
Official Journal No 207, Volume N ° 405 of 6 November of the same year, the Law of Creation of the Millennium Fund II was issued, which aims to regulate the internal organization, operation and operation of
the entity named MCA-El Salvador or FOMILENIUM II, which will be the administration of the resources allocated to it for the achievement and achievement of the objectives and commitments established
in the said Convention.
IV. That in the aforementioned Convention is established within the Multiannual Financial Plan, a contribution from the Government of El
Salvador for the value of $88,200,000, of whose amount, by Legislative Decree No. 804, dated September 18, 2014, published in the Official Journal No. 175, Volume No. 404, of the 23rd of the same month and year, is
added within the budget structure of the Presidency of the Republic, the amount of $700,000 to finance the expenditures of the Administrator Unit of FOMILENIUM II, according to Donation Agreement 609g,
signed between the Government of El Salvador and the Government of the The United States of America, through the
MCC, dated March 20, 2013 and its subsequent modification, dated September 30 of the current year; in addition, in the current Budget of the Ramo of Finance, there is an available allocation of
$1,300,000 to be transferred to the FOMILINIO II, to finance the expenses in counterpart during the present Fiscal Year 2014.
V. That in order to achieve the objectives and goals of the FOMILENIO II during the period 2014-2021, it is necessary to develop a public investment whose term of execution of the works exceeds the fiscal financial year;
approval of an Extraordinary Budget of the Millennium Funds 2014-2021, in the amount of TWO-HUNDRED AND SEVENTY-EIGHT MILLION DOLLARS
OF THE UNITED STATES OF AMERICA (US$ 278,300,000.00), comprising the amount
TWO HUNDRED AND SEVENTY-SEVEN MILLION US DOLLARS FROM THE UNITED STATES OF AMERICA ($277,000,000.00), from the MCC Donation and its corresponding Fund Counterparty
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General for ONE MILLION THREE HUNDRED THOUSAND 00/100 U.S. DOLLARS
(US$ 1,300,000.00).
FOR TANTO,
in use of its Constitutional powers and on the initiative of the President of the Republic, through the
Minister of Finance.
DECCRETA:
Art. 1.-Vote on the following Extraordinary Budget of the Millennium Fund II, for the period 2014-2021, as well:
EXPENSES
0507-MILLENNIUM FUND II
A. INSTITUTIONAL FRAMEWORK
1. Policy
Efficiently Manage, in a timely and efficient manner, the resources and fulfill all the obligations and responsibilities that have been designated to you and which you acquire under the International Agreement and Agreements
signed with the Government of the United States of America and the Corporation of the Millennium Challenge, taking into account the applicable legal regulations that do not contravene the provisions of the said Convention and
according to technical, financial practices and appropriate administrative.
2. Objectives
To contribute to the competitiveness of the country, through the strengthening of the investment climate, increasing the
private investment within a regulatory environment and the improvement of the institutional capacity of El Salvador,
as well as the provision of public services in partnership with the private sector.
Improving the formation of Human Capital, strengthening the quality of education and reform of the Vocational Technical Training and Training System (SFCTP), through the improvement of school infrastructure,
teacher training, design of the Study pensum and technical training.
Improve Logistics Infrastructure, to reduce logistics and transportation costs, across border crossings
and the country's seaports.
B. Revenue
Capital Revenue 278,300,000
22 Capital Transfers
222 Public Sector Capital Transfers
2220700 Ramo of Finance 1,300,000
224 Capital Transfers External Sector
22403 Governments and Government Agencies Donation of the Government of the United States of America through the Millennium Challenge Corporation 277,000,000
Total 278,300,000
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C. RESOURCE ALLOCATION
1. Distribution of Resources by Fiscal Exercise
Millennium Exercise/Funds
2014 2015 2016 2017 2018 2019 2020 2021 Total
Total 2,300,000 8,999,900 22,000,000 76,200,000 75,200,000 71,800,000 21,800,000 100 278,300,000
2. Target of Financing Source Spending
Fund Responsible Budget Unit Code
General Grants Total
01 Institutional Management and Administration
Board of Directors 1,300,000 20,000,000 21,300,000
02 Investment Climate Board of Directors 42,400,000 42,400,000
03 Human Capital Board of Directors 100,700,000 100,700,000
04 Infrastructure Logistics Board Directive 109,600,000 109,600,000
05 Accountability Board Directive 4,300,000 4,300,000
Total 1,300,000 277,000,000 278,300,000
3. Institutional Economic Classification by Management Area
Driving
Development Management
Social
Support for Economic Development
Total
Capital expenditures 25,600,000 100,700,000 152,000,000 278,300,000
Investments in Fixed Assets 1,886,426 89,810,224 131,375,780 223,072,430
Furniture Goods 1,780,730 9,334,297 8,624,025 19,739,052
Infrastructure 105,696 80,475,927 122,751,755 203,333,378
Capital Transfers 242,670 242,670
Sector Capital Transfers Public 242,670 242,670
Investment in Human Capital 23,713,574 10,889,776 20,381,550 54,984,900
Investment in Human Capital 23,713,574 10,889,776 20,381,550 54,984,900
Total 25,600,000 100,700,000 152,000,000 278,300,000
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4. Purpose To Assigned Resources Relationship
5. Budget Allocation by Pool, Financing Source, and Economic Destination
Budget Unit and Purpose Cost Job Line
01 Institutional Management and Management 21,300,000
01 Address Superior and Administration Efficiently Manage Allocated Resources, in order to meet the objectives of the Convention. 21,300,000
02 Investment Climate 42,400,000
01 Regulatory Improvement Create the necessary institutionality that ensure the simplification of procedures and the continuous improvement of services public to facilitate private investment. 6,000,000
02 Development of Associates Foster private investment, through facilitation and access to the public infrastructure necessary for the management of productive development projects. 36,400,000
03 Human Capital 100,700,000
01 Quality of Education Improving educational conditions in schools, strengthening teacher training, reviewing curricula, in order to generate inclusive education full time. 85,200,000
02 Reforms of the FCTP System Develop vocational training plans for the purpose of improving the quality of human capital, for inclusion in productive development efforts. 15,500,000
04 Logistics Infrastructure 109,600,000
01 Expansion of Litoral Road Reduction of logistics and transport costs, through improvement of road infrastructure. 85,900,000
02 Infrastructure at the border crossing Facilitate the transport of transportable products on important routes for freight transport. 23,700,000
05 Accountability 4,300,000
01 Tracking and Evaluation Plan, follow up and evaluate project results and develop the necessary audits and controls agreed with MCC. 4,300,000
Total 278,300,000
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Budget Unit and
Budget Encryption Line of Work
51 Remuneration
54 Acquisitions of
Goods and Services
55 Expenses
Financial and Other
61 Investments in
Fixed Assets
62 Capital Transfers
Capital
Capital
Capital
01 Address and Institutional Management
16,154,773 3,112,997 251,500 1,780,730
21,300,000
0000-0507-1-01-01-22-1 General Fund Administration 100,000 900,000 100,000 200,000
1,300,000
0000-0507-1-01-01-22-5 Donations 16,054,773 2,212,997 151,500 1,580,730 20,000,000
02 Investment Climate 26,381,550 15,775,780 242,670 42,400,000
0000-0507-4-02-01-22-5 Donations Regulatory Improvement 6,000,000
6,000,000
0000-0507-1-01-02-22-5 Donations Development of Associates 20,381,550 15,775,780 242,670 36,400,000
03 Human Capital 20,224,073 80,475,927
100,700,000
0000-0507-3-03-01-22-5 Donations Quality Education 9,334,297 75,865,703 85,200,000
0000-0507-1-01-02-22-5 Donations Reforms of the
FCTP System 10,889,776 4,610,224
15,500,000
04 Logistics Infrastructure 2,624,025 106,975,975
109,600,000
0000-0507-4-04-01-22-5 Donations Expansion of Litoral Highway 1,812,367 84,087,633
85,900,000
0000-0507-1-01-02-22-5 Donations Infrastructure at border crossing 81,658 22,888,342
23,700,000
05 Surrender of Accounts 4,194,304 105,696 4,300,000
0000-0507-1-05-01-22-5 Donations Tracking and
Assessment
4,194,304
105,696
4,300,000
Total 16,154,773 56,536,949 251,500 205,114,108 242,670 278,300,000
Art. 2.-The resources allocated in this Budget shall be implemented by FOMILENIUM II, in accordance with the regulations established in the Millennium Challenge Convention, the Donation Agreement
609g, Program Implementation Agreement, Supplementary Agreements and the Law on the Creation of the Millennium Fund II.
Art. 3.-The necessary budgetary changes during the implementation of this budget will be proposed by the Board of the FOMILENIUM II, and must comply with the
relevant legal procedures.
Art. 4.-The Executive Body, through the Ramo de Hacienda, may transfer to this Budget
Extraordinary, resources of the General Budget of the State corresponding to each fiscal year, and shall report annually to the Assembly Legislative on the budget execution of the same, through the
Report of the Financial Management of the State.
Art. 5.-The audit of this Extraordinary Budget will be subject to the controls and supervision of the Court of Auditors of the Republic and those established in the Law of Creation of the Millennium Fund II.
Art. 6. The execution and liquidation of this Budget shall be carried out in accordance with the provisions of the Convention, the Donation Agreement and the Law of Creation of the Millennium Fund II.
Art. 7. This Decree shall enter into force on the day of its publication in the Official Journal.
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GIVEN IN THE BLUE HALL OF THE LEGISLATIVE PALACE: San Salvador, at the eighteen days of the month of
December of the year two thousand fourteen.
OTHON SIGFRIDO REYES MORALES,
PRESIDENT.
ENRIQUE ALBERTO LUIS VALDEZ SOTO, GUILLERMO ANTONIO GALLEGOS NAVARRETE, FIRST VICE PRESIDENT. SECOND VICE-PRESIDENT.
JOSÉ FRANCISCO MERINO LÓPEZ, LORENA GUADALUPE PEÑA MENDOZA,
THIRD VICE PRESIDENT. FOURTH VICE-PRESIDENT.
CARLOS ARMANDO REYES RAMOS,
FIFTH VICE PRESIDENT.
GUILLERMO FRANCISCO MATA BENNETT, MANUEL VICENTE MENJÍVAR ESQUIVEL,
FIRST SECRETARY. SECOND SECRETARY.
SANDRA MARLENE SALGADO GARCÍA, JOSÉ RAFAEL MACHUCA ZELAYA, THIRD SECRETARY. FOURTH SECRETARY.
IRMA LOURDES PALACIOS VÁSQUEZ, ERNESTO ANTONIO ANGULO MILLA,
FIFTH SECRETARY. SIXTH SECRETARY.
FRANCISCO JOSÉ ZABLAH SAFIE, JOSÉ SERAFIN ORANTES RODRÍGUEZ,
SEVENTH SECRETARY. EIGHTH SECRETARY.
CASA PRESIDENTIAL: San Salvador, at the twenty-two days of December of the year two thousand fourteen.
PUBESQUIESE,
Oscar Samuel Ortiz Ascencio,
Vice President of the Republic, Charged with the Presidential Office.
Juan Ramon Carlos Enrique Cáceres Chávez, Minister of Finance.
D. O. No. 240 Took # 405
Date: December 23, 2014
FN/pch 10-02-2015
