Friday, September 10, 2010

Can I Hold An Reit In 401k

Regional Government Investments Ancash 2006 - 2010

(Part One)

By: Richard Moreno Bustos *

These heights Ancash regional management is important to take a look at the performance shown in the works and projects from this level of government are being developed. We are going to remove the regional budget allocated only to investment.

The "investment budget" regional government has been increasing significantly over the past five years. This increase is mainly due to the increasing transfer of Canon Minero, but especially within the "Remnant Mining Utilities (which are unique to regional governments) and, since 2006 represented a interesting option for financing highway projects from the governing body.

However, the rate of growth in spending was not going hand in hand with the greater availability of budgetary funds for investment, which generated each year balances have been incorporated into the amendment of the budget as an example we can see that in 2009 investment resources were not implemented S /. 1.075 million, the same who joined in 2010 and until August explain why the "investment budget" is S /. 1.322 million.

The number projects implemented between 2007 and August 2010 with amounts exceeding 100 thousand suns were 265 projects, also on average means 66 projects a year. These include the proposed Stadium Expansion and Improvement of Rosas Pampa de Huaraz feasibility initially cost almost 17 million to 38 million was reformulated to August 2010 and was paid S /. 40.7 million, the project "Improvement and Recovery National College of Huaraz Freedom" that it has so far an expenditure of S /. 7.7 million, "Construction, Reconstruction and implementation of IE N ยบ 88319 Real Tambo Nuevo Chimbote District" with an execution of S /. Etc. 4 million. In general the main destination denotes investment spending attention to the "Sanitation" with projects to improve drainage and drinking water also executed projects in Education "improvement and reconstruction" of educational institutions.

The biggest project touched on the political agenda of the regional management has been has been the special project Chinecas; This project was being funded for years (annual average of 9 million) only with the "regular resources "by the national government, after protests from the Regional Government as President of the Republic Chinecas delivered to the Municipality of Santa, in 2007 the national executive was able to deliver the project to the Regional Government of Ancash. It is then when you decide to transfer S /. 84 million soles of Canon Minero Special Project Chinecas but was gradually increasing to S /. 145 million in 2009. Here, it is important to target and effectively details how large investment must be generated, especially now that the regional government has launched a new "Project Chinecas" amounting to about S /. 2.000 million and has yet to pick up comments from the MEF viability.
On the other hand, if Looking at the territorial concentration of resources from the regional government implemented, we see that most of the funds executed annually for investment has been concentrated on the coast of the department at a rate of between 50 and 60%, while the saw corresponds to just over 40% each year. This concentration is most striking even when we see that the greatest amount of money spent on the coast were allocated to the province of Santa. (See figure 02).

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