DILI, 26 august 2020 (TATOLI)- The Council of Minister approved the new OJE proposal for 2020 during a meeting at the Government palace this morning with the total amount of $1,497 billion presented by the Vice-Minister of Finance Sara Lobo Brites.
Early on Jun 29, the extraordinary meeting of Council Minister has approved the OJE for the fiscal year of 2020 with the total of $1.492,3 billion, but there was a slight adjustment, therefore an additional $1.49 million was added.
“The Council of Minister approved the proposal for the State budget of 2020 with the total of $1.497 billion, to cover the need for the program and national priorities that has defined by the Government, especially in the establishment level for social and economic sectors, include the ongoing institutional reform process ,”President for the Council of Minister Fidelis Manuel Leite Magalhães said after the council meeting.
According to Mr. Magalhães, the draft will be involved the expenses responding to covid-19, and the other measure regarding economic recovery.
In spite the government plans to introduce the bill to parliament in September 15 and in 15 of October 2020.
The $1.497 billion funds will be broken up into four categories, which is $206,8 will be spending to Government Salaries, $496,7 million for goods and services, $571,1 million for Public transfers, $8,9 million for minor capital and Capital development total of $213,4 million.
The Interim Finance Minister, Sara Lobo Brites, said the revised budget includes domestic revenue coming from the Special Economic Zone of Oe-cusse (RAEOA/ZEEMS), Estimated sustainable income survey and other lending.
Jornalista: Antónia Gusmão
Editora: Julia Chatarina/Nick Kettle
