Reformed Budget Law In Part Corresponds To The Branch Of Economics.

Original Language Title: REFÓRMASE LA LEY DE PRESUPUESTO EN LA PARTE QUE CORRESPONDE AL RAMO DE ECONOMÍA.

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INDEX LEGISLATIVE DECREE No. 1069

THE LEGISLATURE OF THE REPUBLIC OF EL SALVADOR, CONSIDERING
:
I.- by Legislative Decree No. 725, dated September 30, 1999, published in the Official Journal No. 208, Volume No. 345, November 9 of the same year, ratified in all parts of the Framework Convention on Enforcement of Financial Aid and Technical and Economic Cooperation in El Salvador under Regulation "ALA "held between the Government of the Republic of El Salvador and the European Community.
II.- in harmony with the Framework Agreement, the December 6, 2010 was signed the financing agreement DCI-ALA / 2010 / 021-847 between the European Union and the Republic of El Salvador worth € 24.2 million , equivalent to US $ 31.8 million, intended to finance the "Program to support Economic Recovery in El Salvador (PARE-ES)", of which the amount 22,000,000 € (US $ 28.9 million) for the budgetary support and 2,200,000 € (US $ 2,900,000) for additional support.
III.- resource budget support, by Legislative Decree No. 640, dated March 10, 2011, published in the Official Journal No. 53, Volume No. 390, 16 of the same year, joined to the Budget Law 2011 a total of 12,000,000 € equivalent to US $ 15.8 million corresponding to the fixed tranche of budget support, as provided in the aforementioned financing agreement and which were used to finance the new Management Plan and Transparency Gas Market liquefied Petroleum.
IV.- That by Legislative Decree No. 924, dated November 23, 2011, published in the Official Gazette No. 220, Volume No. 393, 24 of the same year, joined the Budget Law 2011, a € 9,000,000 total equivalent to US $ 11.79 million, which was earmarked for covering priority requirements related to payment of Liquefied Gas Subsidy, of which they were earned US $ 9,990,000, leaving $ 1,800,000 available; in addition, the accrued amount was achieved cancel $ 8,940,546, recording a remnant of $ 1,049,454 which already was reinstated to the Directorate General of Treasury, so that the balance available to date amounts to $ 2,849,454.
V.- That in order that the bouquet of Economy can have the necessary resources to finance priority commitments related to payment of Liquefied Gas Subsidy, which fall within the scope of the Convention and that are currently underfunded, It is required to incorporate the Budget Law, approved by Legislative Decree No. 918, dated November 23, 2011, published in the Official Gazette No. 236, Volume No. 393, of December 16 of the same year, the available amount of TWO MILLION
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LEGISLATIVE INDEX
HUNDRED FORTY NINE THOUSAND FOUR HUNDRED FIFTY-FOUR DOLLARS OF THE UNITED STATES OF AMERICA (US $ 2,849,454).
THEREFORE,
in exercise of its constitutional powers and initiative of the President of the Republic, through the Minister of Finance, DECREES
:
Art. 1. In the Current Budget Law Section - A General State Budget, the following modifications are made:
1 - In Section II - INCOME, Item 16 Current Transfers, increméntase Account Current Transfers 164 External Sector, specific source Multilateral Organizations 16404 from well:
Financing Agreement DCI-ALA / 2010 / 021-847 between the European Union and the Republic of El Salvador, within the framework on the implementation of the Convention and Financial Aid technical and Economic Cooperation in El Salvador under Regulation "ALA" between the Government of the Republic of El Salvador and the European Community, which was ratified by Legislative Decree No. 725, dated September 30 1999, published in the Official Gazette No. 208, Volume No. 345, November 9 of that year. $ 2,849,454
2 - Section III - EXPENSES in the share Bouquet of Economy, amend the letter B Resource Allocation, in numbers that correspond, as detailed below:
4100- BOUQUET OF ECONOMY | || purpose 3- Relationship with Allocated Resources, the cost increases purpose as well:
Budget Unit and Line of Work purpose cost

08 Support to Other Entities Financing 03 Liquefied Gas Subsidy || | Finance subsidy liquefied petroleum gas for domestic consumption 2,849,454

4. Budget Allocation by Category Grouping, Source of Funding and Economic Destination, the amount is increased by Heading well:
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LEGISLATIVE INDEX Budget Unit
and
Line Encryption Working Budgetary Transfers 56 Total


Corrientes 08 Support to other entities 2,849,454 2,849,454
Donations 2012-4100-4-08-03-21-5
F inanciamientode Liquefied Petroleum Gas Subsidy
2,849,454 2,849,454 2,849,454 2,849,454 Total

The resources are incorporated by this Legislative Decree worth US $ 2,849,454 shall be applied to the Source of Funds 12 European Economic Community, EEC.
Art. 2. This Decree shall enter into force from the day of its publication in the Official Journal.
GIVEN IN THE BLUE ROOM OF THE LEGISLATIVE PALACE: San Salvador, on the twenty fourth day of April in the year two thousand and twelve.
OTHON Sigfrido Reyes Morales, president. CIRO
ZEPEDA PEÑA CRUZ, GUILLERMO ANTONIO NAVARRETE GALLEGOS, FIRST VICE. SECOND VICE PRESIDENT.
MERINO JOSE FRANCISCO LOPEZ, ALBERTO ROMERO ARMANDO RODRIGUEZ, THIRD VICE. FOURTH VICE.
FRANCISCO ROBERTO DURAN LORENZANA, FIFTH VICE.
PEÑA LORENA GUADALUPE MENDOZA, CESAR GARCIA HUMBERTO AGUILERA, First Secretary. Second Secretary.
ELIZARDO LOVO GONZÁLEZ, JOSÉ ROBERTO MUNGUÍA d'Aubuisson, Third Secretary. Fourth secretary.
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LEGISLATIVE INDEX
LOURDES IRMA VASQUEZ PALACIOS, FIFTH Secretariat. SIXTH Secretariat.
MARIO ALBERTO GUERRERO TENORIO, SEVENTH SECRETARY.
PRESIDENTIAL HOUSE: San Salvador, on the twenty-fifth of April two thousand and twelve.
Published,
Carlos Mauricio Funes Cartagena President of the Republic.
ENRIQUE CACERES JUAN CARLOS CHAVEZ RAMON, Minister of Finance.
OJ No. 75 Volume No. 395 Date: April 25, 2012.
JCH / geg 21-05-2012