Summary.
The bill adds Article 266-A to Law 47 of 1946, the Organic Law on Education. The proposed provision sets the fiscal period for executing the annual budget of the Ministry of Education (Ministerio de Educación) from October 1 to September 30 of the following year. The amendment thus addresses the calendar for executing that budget and expressly establishes the opening and closing dates of the new period.
To move to the proposed calendar, the Ministry of Education would have to adjust the current budget proportionally to cover the transition period. The Ministry of Economy and Finance (Ministerio de Economía y Finanzas) would supervise and approve that adjustment to ensure the allocation and use of resources during the transition. This adjustment rule appears in the paragraph of the article that would be incorporated into Law 47 of 1946.
The bill also requires the Ministry of Education to align its internal planning, budget execution, and budget control procedures with the new fiscal period. It would have to allocate the corresponding resources and take into account public policies agreed upon at the national level. A schedule of activities would also be established to maintain the continuity of educational programs and projects throughout the calendar change, without interruption to their operation.
For monitoring purposes, the Ministry of Education would have to submit an annual report on the status of budget execution to the National Assembly (Asamblea Nacional), stakeholders in the educational community, and the Ministry of Economy and Finance. The report would also have to include information on the implementation and impact of the change in fiscal period. The Ministry of Economy and Finance would, in turn, have to issue the mechanisms needed to implement the new fiscal period properly.
The bill provides that the Ministry of Education would receive the technical and financial support needed to adapt to the new period from the Ministry of Economy and Finance. Its final provision states that the proposed law would enter into force upon publication in the Official Gazette. The legislative amendment consists of adding Article 266-A to Law 47 of 1946; the other provisions set out the related measures for adaptation, reporting, and support.
The public bodies connected with the bill are the Ministry of Education, the Ministry of Economy and Finance, and the National Assembly, which would receive the annual report. The calendar change and continuity measures could be of interest to or affect the education sector, including stakeholders in the educational community and those involved in educational programs and projects funded through the ministry’s budget.
What it proposes.
- The fiscal period for the annual education budget.
- Budget adjustment during the transition to the new calendar.
- Planning, control, and reporting on budget execution.
- Technical and financial support for institutional adaptation.
Who it would affect.
- Ministry of Education (Ministerio de Educación)
- Ministry of Economy and Finance (Ministerio de Economía y Finanzas)
- Stakeholders in the educational community
Key points.
- Adds Article 266-A to Law 47 of 1946, the Organic Law on Education, setting the fiscal period for the Ministry of Education’s annual budget from October 1 to September 30 of the following year.Art. 1
- Requires a proportional adjustment of the current budget to cover the transition, subject to supervision and approval by the Ministry of Economy and Finance.Art. 1
- Requires internal planning, budget execution, and control procedures to be adapted, with resources allocated and nationally agreed public policies taken into account.Art. 2
- Provides for a schedule of activities to keep educational programs and projects running without interruption.Art. 2
- Requires an annual report on budget execution and the implementation and impact of the change, addressed to the National Assembly, the educational community, and the Ministry of Economy and Finance.Art. 3
- Tasks the Ministry of Economy and Finance with issuing implementation mechanisms and providing technical and financial support to the Ministry of Education.Arts. 3-4
- Provides that the proposed law would enter into force upon publication in the Official Gazette.Art. 5