Government strengthens powers of the body that regulates them

Government strengthens powers of the body that regulates them

The resolution also empowers the Secretariat to issue complementary and clarifying regulations necessary to implement this delegation of powers.

Approval or modification of any other type of process in the aforementioned entities.

Telam

Through Resolution 42/2024published this Wednesday in the Official Gazette and signed by the head of the Cabinet of Ministers, Nicolas Posse, Certain powers are delegated to the Secretary of State Companies and Companies of the Head of the Cabinet of Ministers.

These faculties are related with establishing a procedure to intervene previously in the approval or modification of budgets, strategic plans, purchases, contracts, tenders and other processes in state companiescompanies with state participation and other State business forms in which the State has participation or representation rights.

Likewise, the resolution also empowers the Secretariat to dictate complementary and clarifying regulations necessary to implement this delegation of powers.

In short, the Resolution seeks to establish a procedure for prior intervention in the approval or modification of various aspects of state companies, companies with state participation and other business forms of the State.

The key points

Delegation of powers

  • The Secretary of State Companies and Companies assumes the power to establish a prior intervention procedure in the following areas:
  • Approval or modification of expense or investment budgets.
  • Strategic plans.
  • Purchases, contracts and tenders.
  • Request for transfers of resources from the National Treasury.
  • Approval or modification of any other type of process in the aforementioned entities.

Source: Ambito

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