JPRF-G-2022-020 — Approves the 2022 Budget of the BIESS

Resolution No. JPRF-G-2022-020
FINANCIAL POLICY AND REGULATION BOARD
CONSIDERING:
That, Article 226 of the Constitution of the Republic of Ecuador prescribes that public servants and persons acting by virtue of state authority shall exercise only the competencies and powers attributed to them in the Constitution and the Law; That, Article 280 of the Constitution of the Republic defines the National Development Plan as the instrument to which public policies, programs, and projects, as well as the programming and execution of the State budget, shall be subject; That, the second clause of Article 70 ibid., regarding the National System of Public Finances, states: “All entities, institutions, and organizations included in Articles 225, 297, and 315 of the Constitution of the Republic shall be subject to the SINFIP, under the terms provided in this code, without prejudice to the autonomous management faculty of administrative, economic, financial, budgetary, and organizational order that the Constitution or laws establish for certain entities”; That, Article 109 of the Organic Code of Planning and Public Finances orders that the budgets of the entities and organizations indicated in that legal body shall enter into force and be mandatory from January 1 of each year; That, Article 101 supra, provides: “In the formulation of the budget proformas of the public sector, including those of public companies, decentralized autonomous governments, public banking, and social security, the technical norms, guidelines, classifiers, and catalogs issued by the governing body of the SINFIP shall be observed obligatorily”; That, through Article 13 of the Organic Monetary and Financial Code, Book 1, the Financial Policy and Regulation Board - JPRF was created as part of the Executive Function, as a legal person of public law, with administrative, financial, and operational autonomy, responsible for the formulation of credit, financial, securities, insurance, and prepaid comprehensive health care service policy and regulation; and its composition was determined; That, Article 14.1, numeral 14, literal a) of the Organic Monetary and Financial Code establishes as a function of the Financial Policy and Regulation Board, to annually approve the budget of the entities of the public financial sector, its reforms, as well as regulate its execution; That, in the Codification of Monetary, Financial, Securities, and Insurance Resolutions, Book I "Monetary and Financial System", Title II "National Financial System", Chapter XXXIII "On the Government and Administration of the Public Financial Sector", Section III "On the Public Financial Sector Capital Budget", Subsection I, the Budget Management Norms for Entities of the Public Financial Sector are found; That, Chapter XXXIII "On the Government and Administration of the Public Financial Sector", Section III "On the Public Financial Sector Capital Budget", Subsection I, was renumbered by Article 2 of Resolution of the Monetary and Financial Policy Board No. 647-2021-F, published in Official Registry No. 415 of
March 22, 2021;

Resolution No. JPRF-G-2022-020

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That, on September 27, 2021, the Ministry of Economy and Finance issued the guidelines for the programming and formulation of the General State Budget corresponding to the fiscal exercise 2022 and the Quadrennial Budget Programming 2022-2025. Within that instrument, section 4.2.2. develops the guidelines for the budgets of public banking; That, through Resolution No. JPRF-F-2021-003 of December 10, 2021, the Financial Policy and Regulation Board, based on the guidelines issued by the Governing Body of Public Finances, issued the guidelines for the preparation of the budget proforma of the Public Financial Entities for the year 2022; That, through Resolution No. JPRF-F-2021-009 of December 30, 2021, the schedule for the presentation and approval of the budget proformas for the current year was modified, in accordance with the Second and Third Transitional Provisions of Section XI “Guidelines for the preparation of the budget proforma of the Public Financial Entities for the year 2022”, of Chapter XXXIII "On the Government and Administration of the Public Financial Sector", Book I "Monetary and Financial System" of the Codification of Monetary, Financial, Securities, and Insurance Resolutions; That, on January 6, 2022, by memorandum No. BIESS-GGEN-2022-0016-MM, the General Manager sent to the knowledge of the Board of Directors of the Bank of the Ecuadorian Institute of Social Security - BIESS the budget proforma for the year 2022 that is submitted for consideration; which was approved in Ordinary In-person Session No. 03-2022, held on January 10, 2022; That, on January 10, 2022, by letter No. BIESS-GGEN-2022-0041-OF, the General Manager of the Bank of the Ecuadorian Institute of Social Security - BIESS sent to this collegiate body its budget proforma for the economic exercise 2022; That, on January 11, 2022, by letter No. JPRF-JPRF-2022-0006-O, the Financial Policy and Regulation Board requested the pronouncement of the Ministry of Economy and Finance within the approval procedure of the budget proforma of the Bank of the Ecuadorian Institute of Social Security - BIESS for the economic exercise 2022; That, through letter No. MEF-VE-2022-0009-O of January 14, 2022, the Vice Minister of Economy attaches report No. MEF-CESFM-2022-005 of January 13, 2022, where the approval of the budget proforma of the Bank of the Ecuadorian Institute of Social Security - BIESS corresponding to the economic exercise of the year 2022 is recommended; That, on January 17, 2022, the JPRF through Resolution No. JPRF-G-2022-018, resolved based on the technical report presented by the technical secretariat of the JPRF, not to approve the budget of the Bank of the Ecuadorian Institute of Social Security - BIESS, corresponding to the economic exercise of the year 2022, which was sent by the General Manager of the Bank of the Ecuadorian Institute of Social Security - BIESS to the Financial Policy and Regulation Board with letter No. BIESS-GGEN-2022-0041-OF of January 10, 2022;
That, through memorandum No. BIESS-GGEN-2022-0143-MM of January 25, 2022, the General Manager of the Bank of the Ecuadorian Institute of Social Security - BIESS sent a new budget proforma for the year 2022 to be elevated to the knowledge and approval of the Board of Directors of the BIESS;

Resolution No. JPRF-G-2022-020

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That, the Board of Directors of the Bank of the Ecuadorian Institute of Social Security - BIESS, through resolution No. BIESS-DIR-RS-005-0035-2022 of January 26, 2022, approved the respective budget proforma for the year 2022; That, through letter No. BIESS-GGEN-2022-0126-OF of January 26, 2022, the General Manager of the Bank of the Ecuadorian Institute of Social Security - BIESS sent to the President of the Financial Policy and Regulation Board the adjusted budget proforma for the economic exercise 2022; That, on January 27, 2022, by letter No. JPRF-JPRF-2022-0024-O, the President of the Financial Policy and Regulation Board requested the pronouncement of the Ministry of Economy and Finance within the corresponding approval procedure; That, through letter No. MEF-VE-2022-0012-O of January 29, 2022, the Vice Minister of Economy sends report No. MEF-CESFM-2022-007 of January 28, 2022, where the approval of the Budget Proforma of the Bank of the Ecuadorian Institute of Social Security - BIESS corresponding to the economic exercise of the year 2022 is recommended. That, the Technical Secretariat of the Financial Policy and Regulation Board through memorandum No. JPRF-SETEC-2022-0014-M of January 31, 2022, sends to the President of the JPRF, the technical and legal analyses that support the pertinence of this resolution, contained in reports No. JPRF-CT-2022-0016 and No. JPRF-CJ-2022-0011 of January 31, 2022, respectively; That, the Financial Policy and Regulation Board, in extraordinary session held by technological means convened on January 31, 2022 and carried out through video conference on February 1, 2022, learned of the budget of the Bank of the Ecuadorian Institute of Social Security - BIESS, for the economic exercise of the year 2022; and, In exercise of its functions, RESOLVES:
SINGLE ARTICLE.- Approve the budget of the Bank of the Ecuadorian Institute of Social Security - BIESS, sent by the general management through Letter No. BIESS-GGEN-2022-0126-OF of January 26, 2022, corresponding to the economic exercise of the year 2022, which shall be valid from January 1, 2022, according to attached annexes, which form an integral part of this resolution. GENERAL PROVISIONS:
FIRST.- The legal representative of the Bank of the Ecuadorian Institute of Social Security - BIESS shall be in charge, within the framework of the Law, of the execution of the budget.

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SECOND.- It is ordered that the Bank of the Ecuadorian Institute of Social Security - BIESS send the approved budget for the economic exercise of the year 2022 to the Ministry of Economy and Finance and to the National Assembly within a term of 30 days, counted from the issuance of this resolution, in compliance with what is established in Articles 112 of the Organic Code of Planning and Public Finances and 94 of the General Regulation to the Organic Code of Planning and Public Finances. TRANSITIONAL PROVISION: In case there has been any budgetary movement or impact directly related to the operability of the Bank of the Ecuadorian Institute of Social Security - BIESS in the days prior to the issuance of this resolution, these movements must be regularized immediately. Such movements and regularizations shall not affect the total amount of the Institutional Budget sent for approval to the Financial Policy and Regulation Board. FINAL PROVISION.- This resolution shall enter into force from the date of its issuance, without prejudice to its publication in the Official Registry. Publish this resolution on the website of the Financial Policy and Regulation Board, within a maximum term of two days from its issuance. COMMUNICATE.- Given in the Metropolitan District of Quito, on February 1, 2022. THE PRESIDENT, Mgs. María Paulina Vela Zambrano The preceding resolution was processed and signed by Master María Paulina Vela Zambrano, President of the Financial Policy and Regulation Board, in the Metropolitan District of Quito, on February 1, 2022.- I CERTIFY. TECHNICAL SECRETARY Dr. Nelly Arias Zavala

Resolution No. JPRF-G-2022-020

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ANNEXES
SOURCE: BIESS

Resolution No. JPRF-G-2022-020

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SOURCE: BIESS