The Ministry of Finance and Public Credit expressed this Thursday the importance of approving a bill of powers that allows the transfer of functions and that guarantees fiscal sustainability that accompanies the Legislative Act that modifies the General Participation System (SGP).
(You may be interested in: Anif asks the Senate to listen to the specialists in the debate on the reform of the SGP).
According to the Ministry of Finance, the presentation of a law that allows for balancing powers and resources, without putting the Nation’s finances at risk, It is a way to advance the debates raised by the Draft Legislative Act that reforms the SGP.
(Besides: Petro Government was in favor of the reform of the General Participation System).
Congress.
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“It is important to clarify that the concepts issued so far by the Ministry of Finance and Public Credit have been carried out in accordance with the texts approved in the respective debates, where the relationship between the law of powers and the entry into law was not clearly defined. application of the Legislative Act if approved. This concern, widely expressed, was intended to avoid reaching a scenario where the Nation would have to distribute more resources without the due transfer of powers.”the ministry said in a statement.
(Also: Reform of the General Participation System meets more and more resistance).
The scope of the debates generated, as well as the corresponding law of powers derived from the Draft Legislative Act, must contemplate article 334 of the Political Constitution, which states that the orientation of the economy will be in charge of the State and establishes that its Interventions correspond to legal mandates seeking, among other objectives, “promote productivity and competitiveness and the harmonious development of the regions”; but, in strict compliance with the fiscal sustainability framework that “must guide the Branches and Bodies of the Public Power, within their powers, in a framework of harmonious collaboration”.
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