Resolution No. JPRF-G-2022-011 Approves the 2022 Budget of CONAFIPS

Resolution No. JPRF-G-2022-011
THE 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 101 ut supra, provides: "In the formulation of budget drafts for 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 strictly observed"; That, through Article 13 of the Organic Monetary and Financial Code, Book 1, the Financial Policy and Regulation Board was created as part of the Executive Function, as a legal person of public law, with administrative, financial, and operational autonomy, responsible for formulating 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 public financial sector entities, their reforms, as well as regulate their 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 contained; 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 Register No. 415 on March 22, 2021; 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 2022 fiscal year and the 2022-2025 Quadrennial Budget
Programming. Within that instrument, section 4.2.2. develops the guidelines for public banking budgets;

Resolution No. JPRF-G-2022-011

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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 draft for Public Financial Entities for the year 2022; That, through Memorandum No. CONAFIPS-GF-2021-0706-MEM of December 15, 2021, the Financial Management referred the budget draft for the year 2022 to the Board of Directors of the National Corporation of Popular and Solidarity Finance (CONAFIPS); That, on December 20, 2021, in Session No. 91, the Board of Directors of CONAFIPS internally approved the respective budget draft, and on the same date, through Official Letter No. CONAFIPS-CONAFIPS-2021-1864-OFI, it proceeded to send it to this collegiate body; That, through Resolution No. JPRF-F-2021-009 of December 30, 2021, the schedule for the presentation and approval of budget drafts 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 draft for 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 December 29, 2021, through Official Letter No. JPRF-2021-0026-O, the President of the Financial Policy and Regulation Board requested the pronouncement of the Ministry of Economy and Finance within the approval procedure of the budget draft of CONAFIPS for the 2022 economic exercise; That, the Ministry of Economy and Finance, through the Undersecretary of Economy, responded to the immediate preceding request, with Official Letter No. MEF-VE-2022-0001-O of January 3, 2022, stating that that State Portfolio, within the board of directors of CONAFIPS, took note and cast a vote in favor of approving the Budget Draft of the National Corporation of Popular and Solidarity Finance 2022. And, requested the Administration to present the draft for consideration by the Financial Policy and Regulation Board according to the established deadlines; That, the Technical Secretary of the Financial Policy and Regulation Board through Memorandum No. JPRF-SETEC-2022-0002-M of January 5, 2022, sends to the President of the JPRF the technical and legal analyses supporting the pertinence of this resolution, contained in Reports No. JPRF-CT-2022-008 and No. JPRF-CJ-2022-0002 of January 5 and 4, 2022, respectively; That, the Financial Policy and Regulation Board, in an extraordinary session held by technological means convened on January 5, 2022, and carried out via video conference on January 6, 2022, reviewed the budget of the National Corporation of Popular and Solidarity Finance (CONAFIPS), for the economic exercise of the year 2022; and, In exercise of its functions, RESOLVES:
SINGLE ARTICLE.- Approve the budget of the National Corporation of Popular and Solidarity Finance (CONAFIPS), corresponding to the economic exercise of the year 2022, which shall govern from January 1, 2022, in accordance with Annex 1 attached, which forms an integral part of this Resolution.

Resolution No. JPRF-G-2022-011

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GENERAL PROVISIONS:
FIRST.- The legal representative of the National Corporation of Popular and Solidarity Finance shall be responsible, within the framework of the Law, for the execution of the budget.
SECOND.- It is ordered that the National Corporation of Popular and Solidarity Finance submit 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 provided 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. FINAL PROVISION.- This resolution shall enter into force from the present date, without prejudice to its publication in the Official Register. NOTIFY.- Given in the Metropolitan District of Quito, on January 6, 2022. THE PRESIDENT, Mgs. María Paulina Vela Zambrano The resolution above 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 January 6, 2022.- I CERTIFY. TECHNICAL SECRETARY Dr. Nelly Arias Zavala

Resolution No. JPRF-G-2022-011

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