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POLITICS, NATIONAL, DILI

Gov’t introduces five new options in the 2023 state budget proposal

Gov’t introduces five new options in the 2023 state budget proposal

Timor-Leste's Prime Minister, Taur Matan Ruak(Photo Tatoli/Egas Cristovao)

DILI, 7 november 2022 (TATOLI) – The Government introduced five new options in the presentation of the 2023 state revenue and expenditure budget proposal to increase budget transparency and maximizes the resources.

The five new options are Gender, Children, Nutrition, Climate Budget, and Value Chain.

“In 2023, the Government allocated US$512 million for sub-programs aimed at reducing gender inequality, the amount is equivalent to 24% of the total budget (OGE), which does not include the National Liberation Combatants Fund,” Prime Minister Taur Matan Ruak, said during the state budget debate, at the National Parliament.

Matan Ruak said the Government plans to allocate 42.6 million or 30% of the state budget allocation for the children which does not include the Combatant Fund.

The budget proposal also includes a nutrition option to identify and monitor expenditures associated with them and incorporate the efforts of the government and other parties involved.

The nutrition budget is 80.5 million, or 4% of the total OGE. These funds will be allocated for the implementation of specific nutrition interventions that can address the basic causes of malnutrition, such as food security, sanitation, and drinking water.

While for the Climate Budget, it is possible to identify and monitor the most relevant expenditures related to the fight against climate change and ecosystem conservation, the Government provided a total of 59.8 million, representing 3% of OGE expenditures.

The fund aims to increase climate resilience or contribute to climate change mitigation, with 13 million allocated to activities that have climate resilience as a secondary goal or that contribute to climate change mitigation.

“In 2023, this new option only applies to the budget of the Ministry of Public Works, State Secretary of the Environment, and the Ministry of Agriculture and Fisheries, while other ministries and agencies will be followed by next year,” He said.

Taur also explained that the Value Chain aims to ensure the implementation of a new Value Chain program by 2023, which prioritizes the productive sector and aims to stimulate demand, encourage production and contribute to the improvement of the national business environment and product market.

The government set up 114.4 million or 5% of the OGE for the respective option.

The funds are intended for activities in the value chain and include, others, 20 million to finance the direct or indirect activities that increase national production, develop local raw material processing, and increase circulation of raw materials including trade-related infrastructure and increased trade in domestic products. While the activities include the activities that contribute to increasing the consumption of local products in the country and abroad, where 45.5 million is allocated.

 

 

 

 

Journalist: Domingos Piedade Freitas

Editor: Maria Auxiliadora/Nelia B

Translation: Camilo de Sousa

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