Reformed Budget Law, In The Field Of Agriculture And Livestock For Mainstream $ 500,000.00.

Original Language Title: REFÓRMASE LA LEY DE PRESUPUESTO, EN EL RAMO DE AGRICULTURA Y GANADERÍA, PARA INCORPORAR $500,000.00.

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LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR ____________________________________________________________________

DECREE No. 834

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,

CONSIDERING:

I. That by Legislative Decree No. 1058, dated April 19, 2012, published in the Official Journal

No. 73, Volume No. 395, of the 23rd of the same month and year, the Legislative Assembly authorized the Executive Body in the Ramo of Finance, so that through its holder or the official that he will designate,

subscribe on behalf of the State and Government of the Republic of El Salvador, a Convention of

Financing with the International Fund for Agricultural Development (IFAD), as a trustee of the Financial Facility of Spain, for the Cofinancing of Food Security (Fund

Trustee), in the amount of up to ELEVEN MILLION. fifty thousand EURO (€ 11,150,000.00), approximately FOURTEEN MILLION EIGHT HUNDRED AND FORTY-FIVE THOUSAND

FOUR HUNDRED AND FORTY-THREE 62/100 DOLLARS FROM THE UNITED STATES OF AMERICA

($14,845,443.62), to finance the execution of the " Development Project and Rural Modernization for the Central and Paracentral Regions (PRODEMOR-Central)-Enlargement "; which was approved and ratified in

all parts by Legislative Decree No. 554 dated 21 November 2013, published in the Journal Officer No. 226, Tomo No. 401, of December 3 of the same year.

II. That of the above mentioned amount, the Agricultural and Livestock Ramo requires to use the amount of

FIVE HUNDRED THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($500,000.00), with the

purpose of starting the execution of the Project Investment 5540 "Rural Development and Modernisation Project for Central and Paracentral Regions (PRODEMOR-Central)-Enlargement", which aims

effectively improve the living conditions of beneficiaries through their social capitalization and increases in their sustainable production, processing, marketing, income and employment, to the

same time that the rehabilitation, conservation and rational utilization of the resources is achieved

natural and the consolidation of the structures of implementation of the rural development of the country, in harmony with the Family Agriculture Plan (PAF).

III. That by Legislative Decree No. 522, dated October 31, 2013, published in the Journal

Official No. 225, Volume No. 401, of December 2 of the same year, the Budget Law for the

Fiscal Financial Year 2014 was voted, For a value of FOUR THOUSAND SIX HUNDRED AND SEVENTY NINE MILLION FIVE HUNDRED AND SEVENTEEN THOUSAND SIX HUNDRED AND SEVENTY DOLLARS OF THE UNITED STATES

OF AMERICA ($4,679,517,670), in which these resources are not programmed.

IV. That with the purpose that the Agriculture and Livestock Ramo can count on the resources necessary to start with the execution of Project 5540 referred to above, it is necessary to modify the mentioned Law of

Budget, increasing in the Section II-Revenue, the Specific Source 31404 of Organisms

Multilateral with the amount of FIVE HUNDRED THOUSAND 00/100 DOLLARS OF THE UNITED STATES OF AMERICA ($500,000.00) and in Section III-Expenses, in the part that corresponds to the Ramo de

Agriculture and Livestock, Budget Unit 07 Rural Development, incorporating the Work Line 05 Rural Development and Modernization Project for the Central and Paracentral Regions (PRODEMOR-

Central)-Enlargement, with the amount of FIVE HUNDRED THOUSAND 00/100 US DOLLARS

OF AMERICA ($500,000.00); whose resources come from IFAD Loan No. E-6-SV, signed between the Republic of El Salvador and the International Fund for Agricultural Development (IFAD). In addition,

the Purposes Relationship with Assigned Resources, Budget Allocation by Grouping of Grouping, Source of Financing and Economic Destination, and Amending the Listing of Investment Projects

incorporating the Investment Project with code 5540 "Rural Development and Modernization Project for the Central and Paracentral Regions (PRODEMOR-Central)-Enlargement", with Quinientos

$1,00/100 USD from the United States of America ($500,000.00).

2

BY 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.- In the current Budget Law, Section -A General Budget of the State, the following modifications are introduced:

A) In Section II-REVENUES, Headings 31 Public Indebtedness, Account 314 Recruitment of

Borrowings External, increase the specific source 31404 of Multilateral Organizations, as well:

Financing Convention N ° E-6-SV subscribed to the International Fund

of Agricultural Development (IFAD), in its capacity as Trustee of the Facility Spain's Financial Co-Financing for Security

Food (Fund) Fiduciary) to finance the execution of the "Project of

Rural Development and Modernization for the Central and Paracentral Regions (PRODEMOR-Central)-Enlargement", approved by Legislative Decree

2013, published in Official Journal No 226, Volume No. 401 of 3 December of the same year (Ramo de

Agriculture and Livestock).

$500,000

B) In Section III-EXPENSES, in the part that corresponds to the Agriculture and Livestock Ramp, in

the numerals 3. Relationship Purposes to Assigned Resources, 4. Budget Allocation by Grouping, Source of Financing and Economic Destination, Budget Unit 07

Rural Development, incorporate the Working Line 05 " Rural Development and Modernization Project

for the Central and Paracentral regions (PRODEMOR-Central)-Enlargement "; with the sum of $500,000 from the aforementioned loan No. E-6-SV; and in numeral 5. List of Projects of

Public Investment, incorporate the Project of Investment 5540 "Project of Development and Rural Modernization for the Central and Paracentral Regions (PRODEMOR-Central)-Enlargement", with the same

amount, as well:

3. Relationship Purposes to Assigned Resources

Budget Unit and Purpose Cost Work Line

07 Rural Development 500,000

05 Rural Development and Modernization Project for Central and Paracentral Regions (PRODEMOR-Central)-Enlargement

To effectively improve the living conditions of the users of the Project, by means of their social capitalization and increases in their sustainable production, transformation, marketing, income and employment, at the same time as the rehabilitation, conservation and rational use of the natural resources and the consolidation of the country's rural development implementation structures, in harmony with the Family Agriculture Plan (PAF). 500,000

Total 500,000

4. Budget Allocation by Grouping of Grouping, Financing Source and Economic Destination

3

and Encryption Unit

Budget

Line of Work

54

Goods and Services Acquisitions

55

Financial Expenses

and Other

61

Investments in Assets

Fixed

62

Capital Transfers

Total

Expenses of

Capital

07 Rural Development 138,890 23,810 75,000 262,300 500,000

2014-4200-4-07-05-22-3 External Loans

Rural Development and Modernization Project for the Central and Paracentral Regions (PRODEMOR-Central)-Enlargement 138,890 23,810 75,000 262,300 500,000

Total 138,890 23,810 75,000 262,300 500,000

5. List of Public Investment Projects

Incorporate the following Investment Project:

Source Project Code

Physical Meta Funding Geographic Location

End Date

Project

07 Rural Development 500,000

05 Rural Development and Modernization Project for Central and Paracentral Regions (PRODEMOR-Central)-Enlargement

500,000

5540 Development Project and Rural modernisation for the Central and Paracentral Regions (PRODEMOR-Central)-Enlargement, Loan IFAD No. E-6-SV

External Loans

500

Producers

Chalatenango and Liberty

Dec ./2014

500,000

Total 500,000

C) The resources that are incorporated by the This Legislative Decree amounting to FIVE HUNDRED THOUSAND 00/100 DOLLARS FROM THE UNITED STATES OF AMERICA ($500,000.00), must be applied

to the Source of Resources 16 International Fund for Agricultural Development (IFAD).

Art. 2. This Decree shall enter into force from the day of its publication in the Official Journal.

GIVEN IN THE BLUE HALL OF THE LEGISLATIVE PALACE: San Salvador, at the thirty days of October of the year two thousand fourteen.

OTHON SIGFRIDO REYES MORALES PRESIDENT

ENRIQUE ALBERTO LUIS VALDES SOTO GUILLERMO ANTONIO GALLEGOS NAVARRETE

FIRST VICE PRESIDENT SECOND VICE PRESIDENT

4

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 VASQUEZ ERNESTO ANTONIO ANGULO MILLA FIFTH SECRETARY SIXTH SECRETARY

ZABLAH SAFIE JOSÉ SERAFIN ORANTES RODRÍGUEZ

SEVENTH SECRETARY EIGHTH SECRETARY

CASA PRESIDENTIAL: San Salvador, three days of the month of November of the year two thousand

fourteen.

PUBESQUIESE,

Salvador Sánchez Cerén,

President of the Republic.

Juan Ramón Carlos Enrique Cáceres Chávez,

Minister of Finance.

D. O. No. 204 Took # 405

Date: November 3, 2014.

JQ/gc

24-11-2014.