NATIONAL, CAPITAL, DILI

Govt realize Budgetary Days Seminar to begin preparation for 2023 GSB

Govt realize Budgetary Days Seminar to begin preparation for 2023 GSB

(Photo Tatoli/Francisco Sony)

DILI, 30 june 2022 (TATOLI) – The Government, through the Ministry of Finance (MoF) has today organized the Budgetary Days, a seminar that marks the beginning of the preparation of the General State Budget (GSB) for the next year’s fiscal, held in the auditorium Xanana Gusmão, at the Ministry of Finance, in Dili.

The theme of the Seminar was: “Let’s Concretize Measures on Major Planning Options (MPO) towards Inclusive, Resilient and Sustainable Development and Economic Recovery”

Rui Augusto Gomes, the Minister of Finance (MoF), in his opening remark underscored that the theme reflected the principal goal to gather meaningful insights into the implementation of the 275 measures of the Major Planning Options of 2023.

“Our expectation from this Budgetary Days Seminar is to get the appreciation of the criteria on the disaggregated budget. We need to have a clear understanding of the priority measures of the MPO. And we also need to focus our concentration on the infrastructure fund, especially with the ongoing projects and the future projects to be financed under the criteria set by the Ministry of Planning and Territory,” Minister Gomes made the comments at the Ministry of Finance, today.

Two weeks ago, the President of the Republic, Jose Ramos Horta promulgated the Major Planning Options of 2023, following its approval at the National Parliament.

In february, the former President of the Republic, Francisco Guterres ‘Lú Olo’ promulgated Law Proposal on the General State Budget Framework for the Public Finance Management Reform

General State Budget Framework introduced a significant revolution to the Public Finance Management Reform process following the International Practice on Budget Execution and Control. The promulgation of the GSB framework is a milestone achieved by the current government.

On 23 february 2022, the MoF presented a budgetary calendar to the Council of Ministers. Planning was taken place from march to 10 may, when the preparation phase will begin. The seminar “Jornadas Orçamentais” (Budgetary Days) had taken place on 30 June. The proposed 2023 General State Budget law will be assessed by the Council of Ministers by 15 september, prior to submission to the National Parliament on 1 October.

The one-day ‘Budget Days Seminar’, was opened by the Vice Minister and Minister of Social Solidarity and Inclusion, Armanda Berta dos Santos.

The government of Timor-Leste has decided to come up with US$1.7 billion for the next year’s General State Budget.

 

Journalist: Antónia Gusmão

Editor: Julia Chatarina/ Nelia Borges 

Translation: Filomeno Martins

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