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POLITICS, NATIONAL, DILI

President Horta promulgates the 2023 State Budget Bill

President Horta promulgates the 2023 State Budget Bill

President of Republic, José Ramos Horta (Photo Tatoli/Egas Cristovao)

DILI, 15 december 2022 (TATOLI) – The President of the Republic, José Ramos Horta, on thursday promulgated the General State Budget (GSB) for the Fiscal Year 2023, totaling over US$2 billion.

“I have promulgated the 2023 State Budget, totaling over US$2 billion. After a consultation with the Court of Appeal, the initially proposed budget of $3.16 billion had been reduced to US$2 billion,” Horta told reporters at the Presidential Palace on thursday. 

On november 17, the National Parliament approved the overall expenditure, amounting to US$ 3.16 billion, which is composed of the Central Administration budget – US$ 2.8 billion (this amount includes the National Liberation Combatants Fund, worth US$1 billion); the Social Security budget, worth US$ 235.7 million; and the RAEOA budget, worth US$ 120 million. 

The GSB bill was promulgated by the Head of State following his request, asking the Court of Appeal to assess the constitutionality of the US$1 billion allocated to the Veterans fund.

Horta said that the promulgation of the US$2 billion for the Fiscal Year 2023, is to help the government with its budget execution from january 2023. The 2023 budget has already been approved and will be published in the Official Gazette.” 

The 2023 budget proposal will be used to fund 49 programs, with 275 main measures, organized into 16 strategic areas: Agriculture, Livestock, Fisheries, and Forestry; Economy and Employment; Tourism; Rural Development and Housing; Environment; Petroleum and Minerals; Electricity and Renewable Energy; National Connectivity; Water and Sanitation; Education and Training; Health; Social Inclusion and Protection; Culture and Heritage; State Reform; Defense and National Security; International Relations and Foreign Policy.

 

 

Journalist: Filomeno Martins

Editor: Nelia Borges 

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