Law No. 1705 of December 31, 2025, on the General State Budget (PGE) - 2026 Management.

Supreme Decree No. 3607 of June 27, 2018, which approves the Regulation on Budget Modifications.

Supreme Decree No. 5301 of January 2, 2025, which regulates the mandates contained in the Annex to Law No. 2042.

Supreme Resolution No. 225558 of December 1, 2005, which approves the Basic Standards of the Budget System.

Board Resolution No. 125/2026 of August 18, 2026, which approves the Specific Regulation of the BCB Budget System.

Board Resolution No. 6/2026 of January 6, 2026, which approves the Annual Operational Plan (POA) and 2026 Budget of the BCB within the framework of Law No. 1705.

Board Resolution No. 85/2026 of June 23, 2026, which approves the Statute of the BCB.

BOARD OF DIRECTORS
//2.R.D.N° 134/2026

The report BCB-SCRI-INF-2026-42 of September 4, 2026, issued by the Subgerencia de Comunicación y Relacionamiento Institucional (SCRI).

The report BCB-SPCG-INF-2026-65 of September 4, 2026, issued by the Subgerencia de Planificación y Control de Gestión (SPCG).

The report BCB-GAL-SANO-DLBCI-INF-2026-230 of September 7, 2026, issued by the Legal Affairs Management (GAL).

CONSIDERING:

That Law No. 1178 in subsection d) of its article 8 determines that the execution of the BCB's expense budget may be subject to modifications, transfers, and reallocations, provided that investment expenses or budgeted revenue surpluses are not transferred to operating expenses.

That Law No. 1670 in its articles 44 and 54 subsections a) and g) provides that the highest authority of the BCB is its Board of Directors, which has the authority to issue rules and adopt general decisions necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by Law; as well as to approve the BCB's Budget for its incorporation into the General National Budget.

That Law No. 2042 in its articles 4, 5, and 6 determines that the approved budgetary expense allocations by Budget Law each year constitute maximum spending limits, and any modification must be made within the limits according to the Regulation on Budget Modifications, without committing or executing expenses with resources not declared in their approved budgets, and that the Executive Power may carry out intra-institutional and inter-institutional budget modifications, according to the Regulation on Budget Modifications.

That Law No. 1705, which approves the PGE for the 2026 management, includes the BCB's Budget and in its article 4 establishes that the Highest Executive Authority of each public entity is responsible for the use, administration, destination, fulfillment of objectives, targets, and results of public resources, and the approval, execution, monitoring, evaluation, and closure of projects, to which effect it must observe the provisions contained in the Law and those established in current legal norms.

BOARD OF DIRECTORS
//3.R.D.N° 134/2026

That the Regulation on Budget Modifications in paragraphs I and II of its article 3 provides that the observance and compliance of legal norms in the procedure for approval and/or registration of budget modifications is the exclusive responsibility of the requesting entity. The registration, reliability, and veracity of the information of the budget modifications and any other information presented to the Ministries of Economy and Public Finances and of Development Planning is the responsibility of the requesting entity.

That said Regulation in its article 7 provides that intra-institutional budget transfers constitute reallocations of resources within each public entity, which do not increase or decrease the total amount of its budget. Likewise, in subsection c) of paragraph III of its article 16, it establishes the budget modifications approved by the norm of each entity, among which are Intra-institutional Budget Transfers due to changes in items, expense objects, funding source, and funding body, provided they do not generate a fiscal deficit and do not commit resources of the General Treasury of the Nation.

That paragraph III of article 45 of Supreme Decree No. 5301 provides that regardless of the funding source, budget reallocations within the expense items 25200 "Studies, Investigations, External Audits, and Revaluations", as well as between programmatic categories, do not require approval by Supreme Decree, being these modifications and their registration the responsibility of the HAE.

That the Basic Standards of the Budget System in its article 28 establish the grounds under which budget modifications can be made.

That the Specific Regulation of the BCB Budget System in its article 25 determines that budget modifications must observe the provisions contained in the Regulation on Budget Modifications.

That through Board Resolution No. 6/2026, the POA and the BCB's Budget are approved within the framework of Law No. 1705 which approves the PGE - 2026 Management.

That the BCB Statute in numerals 1), 21), and 50) of its article 11 provides that the Board of Directors has the authority to approve general decisions and issue the rules necessary for the BCB to fulfill the functions, competencies, and powers assigned to it by Law; to approve the BCB's budget and the BCB's Annual Operational Plan, and to approve modifications of any determination and provision established by the Board of Directors, as well as to carry out their monitoring.

BOARD OF DIRECTORS
//4. R.D.N° 134/2026

CONSIDERING:

That through report BCB-SCRI-INF-2026-42, the SCRI concludes that it requires an intra-institutional budget transfer of Bs70,000.00 (Seventy Thousand 00/100 Bolivianos), an amount that will allow it to have sufficient resources for the Contracting of a Product-based Consultancy to carry out an information campaign strategy through focus groups.

That through report BCB-SPCG-INF-2026-65, the SPCG concludes that the intra-institutional budget transfer is technically pertinent and viable, and will allow the SCRI to have resources for the fulfillment of its activities, and recommends that it be submitted to the BCB Board of Directors for its respective approval, prior to the report of the GAL.

That through report BCB-GAL-SANO-DLBCLINF-2026-230, the GAL concludes that the request for Intra-institutional Budget Transfer requested by the SCRI, technically evaluated by the SPCG as the area in charge of technical analysis, is legally viable as it does not violate the current legal framework and will allow it to have sufficient resources for the contracting of a product-based consultancy service to carry out an advertising campaign strategy through focus groups, corresponding to the BCB Board of Directors to approve it in accordance with subsection a) and g) of article 54 of Law No. 1670 and numerals 1), 21), and 50) of article 11 of the BCB Statute.

THEREFORE,

THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA

RESOLVES:

Article 1.- Approve the intra-institutional budget transfer of the Subgerencia de Comunicación y Relacionamiento Institucional, for an amount of Bs70,000.00 (Seventy Thousand 00/100 Bolivianos) in the budget of the 2026 management, according to the following detail:

INTRA-INSTITUTIONAL BUDGET TRANSFER REQUESTED BY THE SUBGERENCIA DE COMUNICACIÓN Y RELACIONAMIENTO INSTITUCIONAL (SCRI) (Expressed in Bolivianos)

From the Legal Affairs Management (GAL);

Ent	DA	UE	Prg	Pry	Act	Fin.	Fun.	Fte	Orq	Partida	ET	Descripción de Partidas	Importe
951	01	001	0	0000	001	4.1.1	20	230	25210	0	CONSULTORÍAS POR PRODUCTO	(70.000)
Total													(70.000)

BOARD OF DIRECTORS
115. R.D.N° 134/2026

To the Subgerencia de Comunicación y Relacionamiento Institucional (SCRI):

Ent	DA	UE	Prg	Pry	Act	Fin.	Fun.	Fte	Org	Partida	ET	Descripción de Partidas	Importe
951	01	001	0	0000	001	4.1.1	20	230	25210	0	CONSULTORÍAS POR PRODUCTO	70.000
Total													70.000

Article 2.- The General Management is charged with the execution and compliance of this Resolution.

La Paz, September 8, 2026

SIGNED: DAVID IVAN ESPINOZA TORRICO, Claudia Haydee Pacheco Ayala, Dennise Sussan Martin Alarcón, Walter Fernando Orellana Rocha, Alvaro Alfonso Romero Villavicencio.