DILI, August 13, 2020 (TATOLI) – The Government has approved a range of measures for the Economic Recovery Plan aimed at resuming the economy post-COVID-19, with a focus on the priority sectors of agriculture, tourism, housing and human capital, education, health, social protection and institutional reform.
The president for Council of Minister Fidélis Leite Magalhães, said the adopted measures were presented last week by the economic recovery team.
He added the team recommended the document of economic recovery measures to be handed to the government for evaluation and approval,
“The Executives have evaluated, and the Council of Ministers decided today to approve the recommendations “, Minister Fidelis Magalhães, said after the council meeting at the Government Palace.
It is recalled that on August 3, the Government carried out a preliminary analysis of the proposal submitted by the Commission, in the third withdrawal of 8th Constitutional Government.
The president of Commission Rui Gomes made a preliminary presentation on the diagnosis of the national situation in medium and long-term measures to minimise the impacts of COVID-19 and lay the groundwork for, as a first step, to foster economic recovery and to promote economic growth.
“People are the centre of the Economic Resuming Plan and, therefore, it is intended to put them in the development process,” Rui Gomes said.
The president also introduced to the members of government to the data related to international conjuncture, the context of Timor-Leste and the impact of the coronavirus at the national level.
The team presented a plan with more than 60 measures that cover priority areas and sectors of intervention.
The objective of these measures are aimed at balancing the spending on physical and human capital by increasing resources dedicated to improving human capital, supporting the development, and private sector consolidation, emphasis on creating the conditions that guide economic and social development as well as creating new jobs, among others.
Journalist: Antónia Gusmão
Editor: Julia Chatarina/Nick Kettle
Translation: Nelia Borges
