Caracterización del nuevo Sistema General de Regalías y su efecto fiscal en los municipios de sexta categoría del departamento de Boyacá - Núm. 5-1, Junio 2013 - Revista Finanzas y Política Económica - Libros y Revistas - VLEX 496781130

Caracterización del nuevo Sistema General de Regalías y su efecto fiscal en los municipios de sexta categoría del departamento de Boyacá

AutorNury Yesenia Benitez Ibagué
CargoAdministradora de Empresas, Especialista en gobierno y gerencia territorial, Magister (c) en Adminstración de la Universidad Nacional de Colombia
Páginas151-177
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SISTEMA GENERAL DE REGALÍAS
MENOS 2%:
Fiscalización (exploración), explotación (yacimientos)
y cartografía geológica (subsuelo)
Fondo de Ahorro
Pensional Territorial:
10%
MENOS 2,5%:
1. Funcionamiento del SGR: 1,3%
2. SMSCE y Control Fiscal: 0,70%
3. Mpios. del Río Grande de la Magdalena: 0,50%
Fondo de Ciencia,
Tecnología e Innovación:
10%
Fondo de Ahorro y
Estabilización:
Hasta un 30%**
Recursos restantes
50%*
Asignaciones
directas:
20%
FCR y FDR:
80%
Fondo de Compensación
Regional (FCR):
60%
Fondo de Desarrollo
Regional (FDR):
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ΙϑΚΙ 72' 72'
ΙϑΚΛ 57' 87'
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fg"nc"okpgtc."nqu"rtq{gevqu"tgikqpcngu"fg"kpxgtuk„p."{"nqu"rqtegpvclgu"gp"eqdgtvwtc"gp"ewcpvq"c"oqtvcnkfcf"
kphcpvkn"oƒzkoc"{"ncu"eqdgtvwtcu"opkocu"rctc"ucnwf."gfwecek„p."ciwc"rqvcdng"{"cnecpvctknncfq0
FGETGVQ"672"FG"3;;8
/" Tgincogpvc"rctekcnogpvg"nc" Ng{"363"fg"3;;6" gp"nq"tghgtgpvg"cn"eqpvtqn" {"xkikncpekc"fg"nqu" tgewtuqu"fg"
tgicncu."guvcdngeg"swg" ncu"gpvkfcfgu"glgewvqtcu" fg"rtq{gevqu"Þpcpekcfqu" eqp"cukipcekqpgu"fgn" Hqpfq"
Pcekqpcn"fg" Tgicncu"rqftƒp" fkurqpgt"jcuvc" fg" wp"8'" fg"nqu" tgewtuqu"rtqxgpkgpvgu" fgn"Hqpfq" rctc"
,)3∋+(∋(+∃#(&∃−3∋∀+5∀3∋)+0(&∃∋Μ,3−,(&9
FGETGVQ"822"FG"3;;8 /" Guvcdngeg"gn"tgecwfq."fkuvtkdwek„p"{"vtcpuhgtgpekc"fg"ncu"tgicncu"fgtkxcfcu"fg"nc"gzrnqvcek„p"fg"ectd„p."
Η∀∋(#∀&∃∗+∀,−)&)&∃8∃,)3,∀3∋+(!)&∃∗)#−Η∀∋Ν#−,)&9
!∀#
!∀#∃#%∃&∋(∋)∗+,−∀.∃∋/.∗#01∀.∃2!!∀∀#∃%&&∋()∗+∋∗,%−./0%1,%#.0%2,%3435.)6748.,%&+29,%::0%212)2;(
!∀#∃%&∋(∋)∗+%,∋)−.∋/%01+2∀3
∃%&∋()∗(+∋,−. /∋+∃∗+%)∋(0()∗1/,%&/%2+
FGETGVQ"3;5;"FG"4223 !∀ #∃%&∋(∃)∗∋∀∃&∀∋+∗,−.&/∀011∀2∃∀&∋∀3∃4∀511∀2∃∀67778
9:;#:<=∀0>57∀9:∀6771
/" Guekpfg"nc"Gortguc"Eqnqodkcpc"fg"Rgvt„ngqu."Geqrgvtqn."ug"oqfkÞec"uw"guvtwevwtc"Qtiƒpkec"{"ug"etgc"nc"
Cigpekc"Pcekqpcn"fg"Jkftqectdwtqu"*CPJ+."gpvkfcf"swg"cuwog"nc"cfokpkuvtcek„p"kpvgitcn"fg"ncu"tgugtxcu"fg"
?≅2+/−∋+Α.+/Β∀2∃∀Χ+/Χ≅∃2∋2∀2∃∀&∋∀)∋−≅∆)Ε∀∃&∀+∃−∋.2/∀4∀%≅+/∀2∃∀+∃%∋&,∋Β∀Χ/+∀&∋∀∃ΦΧ&/∗∋−≅∆)∀2∃∀?≅2+/−∋+Α.+/Β8
FGETGVQ"36;"FG"4226 !∀ Γ.Χ+≅(∃∀&∋∀;/(≅Β≅∆)∀Η∋−≅/)∋&∀2∃∀#∃%∋&,∋Β∀4∀/+2∃)∋∀Β.∀&≅Ι.≅2∋−≅∆)8
FGETGVQ"3;7"FG"4226 /" OqfkÞe„"nc"guvtwevwtc"fgn"Fgrctvcogpvq"Pcekqpcn" fg"Rncpgcek„p."tcfkeƒpfqng"ncu"hwpekqpgu"fg"eqpvtqn"
{"xkikncpekc"gp"nc"eqttgevc"glgewek„p"fg"nqu"tgewtuqu"fg"tgicncu"c"guvg"qticpkuoq0
FGETGVQ"4772"FG"4226 /" Tgincogpvc"gn"rctƒitchq"fgn"ctvewnq"3"fg"nc"Ng{"978"fg"4224."gp"tgncek„p"eqp"gn"ocpglq"fg"nqu"tgewtuqu"
{"gzegfgpvgu"fg"nkswkfg¦"fgn"HPT0
FGETGVQ"93"FG"4227 /" Rtqttqi„"gn"rnc¦q"rctc"nc"nkswkfcek„p"fg"nc"Eqokuk„p"Pcekqpcn" fg"Tgicncu."ug‚cncfq"gp"gn"ctvewnq"3"fgn"
Fgetgvq"36;"fg"42260
FGETGVQ"4467"FG"4227
/" Tgincogpvc"nc"fkuvtkdwek„p"fg"nqu"tgewtuqu"fg"tgcukipcek„p"fg"tgicncu"{"eqorgpucekqpgu"*guecnqpcokgpvq+"
rtqxgpkgpvgu"fg" nc" gzrnqvcek„p"fg" ectd„p."fg" cewgtfq" eqp"nqu" ctvewnqu"76" fg"nc" Ng{" 363"fg" 3;;6."
oqfkÞecfq"rqt"gn"ctvewnq"62"fg"nc"Ng{"978"fg"4224"{"77"fg"nc"Ng{"363"fg"3;;60
FGETGVQ"6577"FG"4227 /" Etgc"{"guvtwevwtc"nc"Fktgeek„p"fg"Tgicncu."cukipƒpfqng"hwpekqpgu"c"ncu"uwdfktgeekqpgu"c"uw"ectiq."guvtwevwtc"
wp"Eqpuglq"Cuguqt"fg"Tgicncu"{"cukipƒpfqng"hwpekqpgu0
9:;#:<=∀0577∀9:∀6775 !∀ :Β∗∋Α&∃−∃∀&∋∀2≅Β∗+≅Α.−≅∆)∀2∃∀&/Β∀+∃−.+Β/Β∀2∃∀∃Β−∋&/)∋(≅∃)∗/∀2∃∀?≅2+/−∋+Α.+/Β8
FGETGVQ"638"FG"4229
/" Tgincogpvc"rctekcnogpvg"ncu"ng{gu"363"fg"3;;6."978"{"9:3"fg"4224."gp"nq"tghgtgpvg"c"nqu"rtq{gevqu"fgn"
HCGR"{"tgewtuqu"fg"tgcukipcek„p"fg"tgicncu"{"eqorgpucekqpgu"ÐguecnqpcokgpvqÐ0
!∀ :Β∗∋Α&∃−∃∀&∋Β∀−∋.Β∋&∃Β∀Χ∋+∋∀&∋∀Β.ΒΧ∃)Β≅∆)∀Χ+∃ϑ∃)∗≅ϑ∋∀4∀−/++∃−∗≅ϑ∋∀2∃∀%≅+/Β∀2∃∀+∃%∋&,∋Β8
/" Tghqtoc"gn"rtqegfkokgpvq"{"ogecpkuoqu"fg"eqpvtqn"cfokpkuvtcvkxq."rtgxgpvkxq"{"eqttgevkxq0
!∀ :Β∗∋Α&∃−∃∀&∋Β∀(∃2≅2∋Β∀Χ+∃ϑ∃)∗≅ϑ∋Β∀4∀−/++∃−∗≅ϑ∋Β∀∋Χ&≅−∋Α&∃Β8∀
FGETGVQ"63;4"FG"4229 /" Tgincogpvc"rctekcnogpvg"ncu"ng{gu"363"fg"3;;6."978"{"9:3"fg"42240
FGETGVQ":73"FG"422;
Fgvgtokpc"swg"ncu"gpvkfcfgu" dgpgÞekctkcu"fg"tgicncu"fktgevcu"fgdgp" eqpvtcvct"ncu"kpvgtxgpvqtcu"vfiepkecu"
eqp"guvtkevc"uwlgek„p"c"ncu"pqtocu"fg"eqpvtcvcek„p"xkigpvgu."vgpkgpfq"gp"ewgpvc"etkvgtkqu"fg"eqpqekokgpvq."
gzrgtkgpekc."{"hqtocek„p"rctc"gn"cfgewcfq"ewornkokgpvq"fg"ncu"hwpekqpgu"fg"nqu"kpvgtxgpvqtgu0"
:)∀&/Β∀−/)∗+∋∗/Β∀2∃∀≅)∗∃+ϑ∃)∗/+,∋∀Β∃∀2∃Α∃+Κ)∀∃Β∗∋Α&∃−∃+∀−/(/∀/Α&≅%∋−≅∆)∀2∃&∀≅)∗∃+ϑ∃)∗/+Ε∀∃&∀Β.(≅)≅Β∗+/∀2∃∀&∋∀
kphqtocek„p"vfiepkec."cfokpkuvtcvkxc."Þpcpekgtc"{"ngicn"swg"ngu"ugc"tgswgtkfc"rqt"gn"FPR"q"rqt"ncu"gpvkfcfgu"
ΧΛΑ&≅−∋Β∀/∀Χ+≅ϑ∋2∋Β∀−/)∗+∋∗∋2∋Β∀Χ/+∀∃Β∗∃Ε∀−/)∀&∋∀Χ∃+≅/2≅−≅2∋2∀4∀−∋&≅2∋2∀2∃∗∃+(≅)∋2∋∀Χ/+∀2≅−?/∀9∃Χ∋+∗∋(∃)∗/8∀
Gn"kpewornkokgpvq"fg"nqu"fgdgtgu"rtgxkuvqu"c"ectiq"fg"nc"gpvkfcf"glgewvqtc."eqpuvkvw{g"ecwucn"fg"uwurgpuk„p"
rtgxgpvkxc"fg"iktqu"{"fgugodqnuqu"gp"nqu"vfitokpqu"fgn"ctvewnq"48"fgn"Fgetgvq"638"fg"42290
FGETGVQ"546"FG"4232 /" OqfkÞec"gn"ctvewnq"6̇"fgn"Fgetgvq"949"fg"4229."gp"tgncek„p"eqp"ncu"tgugtxcu"fg"jkftqectdwtqu"fg"rtqrkgfcf"
2∃∀&∋∀)∋−≅∆)8
FGETGVQ"4937"FG"4232 /" Tgncekqpcfc"eqp" nc"ngicnk¦cek„p" okpgtc."cwvqtk¦cekqpgu" vgorqtcngu"{" nc"rt„ttqic" fg"nqu" eqpvtcvqu"fg"
−/)−∃Β≅∆)∀(≅)∃+∋8
9:;#:<=∀6Μ07∀9:∀6707
/" Rqt"gn"ewcn"ug" tgincogpvc"rctekcnogpvg"nqu"ctvewnqu" 32"fg"nc"Ng{" 363"fg"3;;6."343"fg" nc"Ng{"3373"fg"
4229"*ghgevqu"fg"nc"uwurgpuk„p"fg"iktqu"fg"tgicncu+"{"ug"oqfkÞec"gn"Fgetgvq"638"fg"4229"*uwokpkuvtq"fg"
kphqtocek„p"fg"nqu"tgewtuqu"fg"tgicncu"{"eqorgpucekqpgu"{"ngxcpvcokgpvq"fg"nc"ogfkfc"fg"uwurgpuk„p"
eqttgevkxc"fgn"fgugodqnuq"fg"nqu"tgewtuqu"fg"tgicncu"{"eqorgpucekqpgu+0"
TGUQNWEKðP"8;2"FG"4226 /" Guvcdngeg"ogecpkuoqu"fg"eqpvtqn"rctc"gn"wuq"eqttgevq"fg"nqu"tgewtuqu"fgn"Hqpfq"Pcekqpcn"fg"Tgicncu0
TGUQNWEKðP"8;:"FG"4226 /" Tgincogpvc"gn"iktq"fg"nqu"tgewtuqu"fkurqpkdngu"fgn"Hqpfq"fg"Cjqttq"{"Guvcdknk¦cek„p"Rgvtqngtc"ÐHCGRÐ0
TGUQNWEKðP"3289"FG"4226
/" Guvcdngeg"nqu" ogecpkuoqu"fg" eqpvtqn"rctc" nc"eqttgevc"wvknk¦cek„p" fg"nqu" tgewtuqu"rqt" tgcukipcek„p"fg"
tgicncu"{"eqorgpucekqpgu"rcevcfqu"c"hcxqt"fg"nqu"fgrctvcogpvqu."owpkekrkqu"{"fgoƒu"gpvgu"dgpgÞekctkqu"
Ν∃Β−∋&/)∋(≅∃)∗/Ν8
TGUQNWEKðP"328:"FG"4226 /" Guvcdngeg"nqu"ogecpkuoqu"fg"eqpvtqn"rctc"gn"wuq"eqttgevq"fg"nqu"tgewtuqu"fkurqpkdngu"fgn"Hqpfq"fg"Cjqttq"
{"guvcdknk¦cek„p"rgvtqngtc0
TGUQNWEKðP"63;"FG"4227 /" Cfqrvc"nc"ogvqfqnqic"rctc"nc"fkuvtkdwek„p"fg"nqu"tgewtuqu"fgn"HPT"{"nqu"etkvgtkqu"fg"rtkqtk¦cek„p"fg"nqu"
Χ+/4∃−∗/Β8
TGUQNWEKðP"86:"FG"4228 /" Guvcdngeg"gn"rqtegpvclg"fg"fkuvtkdwek„p" swg"eqttgurqpfg"c"ecfc"Fgrctvcogpvq"pq" rtqfwevqt"uqdtg"nqu"
+∃−.+Β/Β∀%∃)∃+∋2/Β∀Χ/+∀∃Β−∋&/)∋(≅∃)∗/∀Χ+/ϑ∃)≅∃)∗∃Β∀2∃∀&∋∀∃ΦΧ&/∗∋−≅∆)∀2∃∀−∋+Α∆)8
#:Γ=3Ο;ΠΘΗ∀6100∀9:∀6775 !∀ #∃%&∋(∃)∗∋∀∃&∀Χ+/−∃2≅(≅∃)∗/∀Χ∋+∋∀Ι.∃∀&∋Β∀∃)∗≅2∋2∃Β∀∗∃++≅∗/+≅∋&∃Β∀∋−−∃2∋)∀∋∀&/Β∀+∃−.+Β/Β∀2∃∀∃Β−∋&/)∋(≅∃)∗/∀
Χ+/ϑ∃)≅∃)∗∃Β∀2∃∀&∋∀∃ΦΧ&/∗∋−≅∆)∀2∃∀−∋+Α∆)8
TGUQNWEKðP"979"FG"422: /" Fgtqi„"nc"Tguqnwek„p"63;"fg"4227"{"cfqrv„"nc"ogvqfqnqic"rctc"nc"fkuvtkdwek„p"fg"nqu"tgewtuqu"fgn"HPT"
{"nqu"etkvgtkqu"fg"rtkqtk¦cek„p0
Hwgpvg0"Gncdqtcek„p"fg"nc"cwvqtc
!∀∀
!∀#∀!∃%#&∋∀!&()∗+%,∗)−%./∗0&0∃%1∀∗2%)%#∀,∗+%∗#%2∀,3∀0∗
4∗0−∗%5%!∃/∗5&0!∀,∗%)∗,/0∗1−)&!&6&/0∗+%∗0%7∃∀∗!∀∃%2/#3∀∗+%,∗+%6∀#∃∀1%)∃/∗+%∗8/4∀!9:∗!/,/18&∀
#∃%&∋()∗(
∃+,−./0102.2(304/5−.(6575,.8(25(95:.8;.4(25425(8.(,5?0≅7(25(
!ΑΑ!(?+7(58(#?/+(Β5:048./01+(ΧΧ∆(25()Χ))(57(.258.7/5
ΕΦΓ∋(Η%(∃∋9Ι# ϑ%=Κ#(Η%(%&Γ%ΗΦ=ΦΛ∃ =∋∃Ε%∃ΦΗ∋
Cevq"ngikuncvkxq"27 3:"fg"lwnkq"fg"4233 Eqpuvkvw{g"gn"Ukuvgoc"Igpgtcn"fg" Tgicncu."rctc"nq"ewcn"oqfkÞe„"nqu"ctvewnqu" 582"{"583"fg"nc"
!∀#∃%&%∋(&)#∗+∀,−%&(./∗
Fgetgvq"6;45 01∗23∗2&(&34563∗23∗0788 Rqt"gn"ewcn"ug"ictcpvk¦c"nc"qrgtcek„p"fgn"Ukuvgoc"Igpgtcn"fg"tgicncu"ÐUITÐ0
Fgetgvq"6;72 97∗23∗2&(&34563∗23∗0788 Gzrkfk„"gn"rtguwrwguvq"fgn"UIT"rctc"nc"xkigpekc"Þuecn"fg"42340
Fgetgvq"6;94 97∗23∗2&(&34563∗23∗0788 FgÞpg"gn"rtqegfkokgpvq"{"rnc¦q"rctc"nc"nkswkfcek„p"fgn"Hqpfq"pcekqpcn"fg"Tgicncu0
!&6(∋,.6∗779 32"fg"hgdtgtq"fg"4234 Dtkpfc"qtkgpvcekqpgu"rctc"gn"tgrqtvg"fg"kphqtocek„p"fg"ekgttg"fg"nc"xkigpekc"4233"rqt"ncu"gpvkfcfgu"
dgpgÞekctkcu"fg"tgewtuqu"fg"tgicncu"fktgevcu"{"crnkecek„p"fg"pqtocu"vtcpukvqtkcu0
Fgetgvq"2273 89∗23∗3#36∀∗23∗0780 Guvcdngeg"gn"rtqegfkokgpvq"rctc"nc"fkuvtkdwek„p"fg"nqu"tgpfkokgpvqu"Þpcpekgtqu"igpgtcfqu"rqt"
63:.,−.∃∗;∗(∀4<3#∃.(&∀#3∃/
Tguqnwek„p"474 44"fg"hgdtgtq"fg"4234 Guvcdngeg"nc" ogvqfqnqic"rctc" nc"hqtowncek„p" fg"nqu" rtq{gevqu"fg" kpxgtuk„p"uwuegrvkdngu" fg"
Þpcpekcokgpvq"eqp"ectiq"c"nqu"tgewtuqu"fgn"UIT0
Fgetgvq"2653 4:"fg"Hgdtgtq"fg"4234 Fkuvtkdw{g"vtcpukvqtkcogpvg"hwpekqpgu"gp"gn"FPR"rctc"gn"hwpekqpcokgpvq"fgn"UIT0
!&6(∋,.6∗77= 7"fg"oct¦q"fg"4234 Guvcdngeg"qtkgpvcekqpgu"rctc"nc"crgtvwtc."cwvqtk¦cek„p."ocpglq" {"tgrqtvg"fg"kphqtocek„p"fg"nc"
(∋3#%.∗>#&(.∗<.6.>
Fgetgvq"972" 81∗23∗.56&,∗23∗0780 Tgincogpvc"nc"cfokpkuvtcek„p"fgn"Hqpfq"fg"Cjqttq"{"Guvcdknk¦cek„p"fgn"UIT0
!&6(∋,.6∗78= 36"fg"oc{q"fg"4234 !∀#Β∀(.%∀6&.∗<.6. .>
.24&∃%6.(&)#∗;∗23(&∃&)#∗23,∗?≅Α/
Ng{"3752 8=∗23∗4.;∀∗23∗0780 Tgiwnc"nc"qticpk¦cek„p"{"gn"hwpekqpcokgpvq"fgn"UIT0
Χ3(63%∀∗87=9 00∗23∗4.;∀∗23∗0780
Guvcdngeg"nqu"etkvgtkqu"{" eqpfkekqpgu"fg"fkuvtkdwek„p"fg"nqu"tgewtuqu" fgn"32'"fg"nqu"hqpfqu"fg"
!∀4<3#∃.(&)#∗Α3:&∀#.,∗;∗23,∗∆Ε∀66∀∗+3#∃&∀#.,∗Φ366&%∀6&.,∗;∗23∗,∀∃∗Γ∋3∗%6.%.∗3#∗(&∃∀∗∃3:∋#2∀∗
fgn"rctƒitchq"4"vtcpukvqtkq"fgn"ctvewnq"583"fg"nc"Eqpuvkvwek„p"Rqnvkec0
Fgetgvq"3296 00∗23∗4.;∀∗23∗0780 Guvcdngeg"gn"rtqegfkokgpvq"fg"iktq"fg"nqu"tgewtuqu"fgn"Hqpfq"fg"Cjqttq"{"Guvcdknk¦cek„p"Rgvtqngtc0
Fgetgvq"3297 00∗23∗4.;∀∗23∗0780 Tgincogpvc"nc"qticpk¦cek„p"{"hwpekqpcokgpvq"fg"nqu"QECF"{"ncu"ugetgvctcu"vfiepkecu."fg"cewgtfq"
eqp"nq"guvcdngekfq"gp"gn"ctvewnq"8"fg"nc"Ng{"3752"fg"42340
Χ3(63%∀∗87=1 00∗23∗4.;∀∗23∗0780 Tgincogpvc"nc"cfokpkuvtcek„p"fgn"Hqpfq"fg"Cjqttq"{"Guvcdknk¦cek„p"fgn"UIT0
Χ3(63%∀∗87== 00∗23∗4.;∀∗23∗0780 Tgincogpvc"rctekcnogpvg"nc"Ng{"3752"fg"4234."gp"ocvgtkc"rtguwrwguvcn"*kpkekcvkxcu"c"Þpcpekctug"
eqp"ectiq"c"nqu"tgewtuqu"fgn"UIT."fgn"tfiikogp"rtguwrwguvcn+0"
Fgetgvq"3465 35"fg"lwpkq"fg"4234 Clwuv„"gn"rtguwrwguvq"fgn"UIT"rctc"nc"xkigpekc"Þuecn"42340
Α3∃∀,∋(&)#∗7778 25"fg"lwnkq"fg"4234 Jceg"wpc"fkuvtkdwek„p" fg"nqu"tgewtuqu"fguvkpcfqu" cn"hwpekqpcokgpvq"fgn"UIT" rctc"nc"xkigpekc"
Þuecn"fg"42340
Fgetgvq"3763 39"fg"lwnkq"fg"4234 OqfkÞec"{"cfkekqpc"nqu" fgetgvqu"3296." 3297."3298"{" 3299"fg" 4234."ogfkcpvg"nqu" ewcngu"ug"
tgincogpvc"nc"Ng{"3752"fg"4234"swg"tgiwnc"gn"UIT0
Α3∃∀,∋(&)#∗8=97 3;"fg"lwnkq"fg"4234
Fgucitgic"nqu"tgewtuqu"fkuvtkdwkfqu"rqt"nc"eqokuk„p"tgevqtc"fgn"UIT"fguvkpcfqu"cn"hqtvcngekokgpvq"
23∗,.∃∗ ∃3(63%.6−.∃∗%Η(#&(.∃∗23∗ ,∀∃∗Ι!∆Χ∗63:&∀#.,3∃∗ ;∗23<.6 class="_ _1"> 23∗,.∃∗∃3(63%.6−.∃∗ 23∗
rncpgcek„p"owpkekrcn"rctc"nc"xkigpekc"Þuecn"fg"42340
Fgetgvq"3;6; 3;"fg"ugrvkgodtg"fg"4234 Tgincogpvc"rctekcnogpvg"nc"Ng{"3752"fg"4234"gp"ocvgtkc"rtguwrwguvcn0"
Α3∃∀,∋(&)#∗770∗23∗0780 79∗23∗∀(%∋563∗23∗0780
Jceg"nc"fkuvtkdwek„p"fg"nqu"tgewtuqu"fguvkpcfqu"cn"hwpekqpcokgpvq"fgn"UIT"rctc"nc"xkigpekc"Þuecn"
23∗0780ϑ∗ 3#∗,∀∗(∀663∃ .∗,.∃∗ ∃3(63%.6−.∃∗%Η(#&(.∃∗23∗ ,∀∃∗Ι!∆Χ∗ 23∗,.∃∗!∀6
∆∋%)#∀4.∃∗63:&∀#.,3∃/
!&6(∋,.6∗3Κ%36#.∗Λ∀/∗9Μ 89∗23∗#∀Β&34563∗23∗0780 Jceg"cenctcekqpgu"uqdtg"nc"crgtvwtc" fg"nc"ewgpvc" rctc"gn"ocpglq"fg" nqu"iktqu"fg"nqu" tgewtuqu"
23,∗?≅Α/
Fgetgvq"4864 8=∗23∗2&(&34563∗23∗0780 Tgincogpvc"vtcpukvqtkcogpvg"nc"Ng{"3752"fg"4234."gp"ewcpvq"cn"rtqegfkokgpvq"pgeguctkq"rctc"
gn"iktq"fg"nqu"tgewtuqu"fg"nc"xkigpekc"Þuecn"4234"crtqdcfq"rqt"nqu"QECF0
Ν3;∗8171 08∗23∗2&(&34563∗23∗0780 Fgetgvc"gn"rtguwrwguvq"fgn"UIT"rctc"gn"dkgpkq"fgn"3"fg"gpgtq"fg"4235"cn"53"fg"fkekgodtg"fg"42360
Χ3(63%∀∗0=87∗ 0=∗23∗2&(&34563∗23∗0780 Tgiwnc"nc" eqÞpcpekcek„p"fg" nc"pcek„p" gp"nc" eqdgtvwtc"fgn" tfiikogp"uwdukfkcfq" fg"gpvkfcfgu"
%366&%∀6&.,3∃∗<6∀2∋(%∀6.∃∗Γ∋3∗23∃%.6∀#∗63:.,−.∃∗<.6.>
Fgetgvq"368 8"fg"hgdtgtq"fg"4235 Tgiwnc"nc"eqpuvkvwek„p"{"hwpekqpcokgpvq"fg"ncu"eclcu"ogpqtgu"fg"nqu"QECF"fgn"UIT0"
Fgetgvq"3:7 34"fg"hgdtgtq"fg"4235 Tgiwnc"nc"eqÞpcpekcek„p"fg"nc"pcek„p"gp"ncu"eqdgtvwtcu"fg"cnkogpvcek„p"gueqnct"fg"ncu"gpvkfcfgu"
%366&%∀6&.,3∃∗<6∀2∋(%∀6.∃∗Γ∋3∗23∃%.6∀#∗63:.,−.∃∗<.6.>
Α3∃∀,∋(&)#∗779 7"fg"oct¦q"fg"4235 Fkuvtkdw{g"nqu"tgewtuqu" fguvkpcfqu"cn"hwpekqpcokgpvq" fgn"UIT"fg" nc"xkigpekc"Þuecn" fg"4234"{"
fgn"dkgpkq"4235"{"42360
Fgetgvq"636 34"fg"oct¦q"fg"4235 Α3:,.43#%.∗3,∗?&∃%34.∗23∗Ο∀#&%∀63∀ϑ∗?3:∋&4&3#%∀ϑ∗!∀#%6∀,∗;∗ΠΒ.,∋.(&)#∗ΘΟ?!?Θ∗23,∗?≅Α/
Tguqnwek„p"85; 35"fg"oct¦q"fg"4235 ?3∗(∀6
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