DILI, 19 october 2020 (TATOLI) – President Republic Francisco Guterres Lú Olo has released the State Budget OJE for 2020, based on Nation Parliament decree law draft N. 23/V.
The conclusion is made base on the Parliament National Decree law draft n. ° 23 / V – of General State Budget for 2020.
The decree law draft was issued following the conclusion that, the draft law complies with the assumptions and requirement in accordance with the applicable provisions of the Constitution of the Republic and the laws, as well as the necessary of political condition with convenience and precaution.
Thus, the State budget (OJE) 2020 is legally pronounced by the President of Republic.
The budget approved by the Parliament is $ 1,497 billion. Of this figure, 207,3 million is categorized to salaries, 563 million for goods and services, 504,3 million categorized to public transfers, 9,2 million to the lower capital and 213,4 are expected millions for development capital.
This budget includes expenses subject to the twelfth regime that has been in effect since January, as well as the expected expenses for the last three months of the year.
The amount approved is also aimed at economic stabilization to respond to the impact of COVID-19 and the natural disasters that took place at the beginning of this year, as well as for the economic recovery measures which has set out in the approved Economic Recovery Plan by the VIII Constitutional Government in August 2020.
TATOLI