Regulatory Alerts2022-01-01 | JPRF-G-2022-019Resolution No. JPRF-G-2022-019 — Approves the 2022 Budget of BANECUADOR
The Financial Policy and Regulation Board (JPRF) of Ecuador issued Resolution No. JPRF-G-2022-019 to formally approve the 2022 budget for BANECUADOR B.P. following a review process that included initial rejection and subsequent revision of the budget proposal. The resolution mandates that the approved budget takes effect from January 1, 2022, and requires BANECUADOR to submit the document to the Ministry of Economy and Finance and the National Assembly within 30 days. Additionally, it establishes that any budgetary movements occurring prior to the resolution's issuance must be regularized within the first month of the fiscal year without altering the total approved amount.
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