DILI, 05 october 2023 (TATOLI) – The Council of Ministers approved the first amendment to Government Decree No. 18/2022 of may 11th, which regulates budget programs, and also approved the alteration to the Government Decree 19/2022 of may 11th, on budget classifiers.
The two proposals were presented by Finance Minister Santina Cardoso during the meeting of the Council of Ministers on wednesday (04/10).
With regard to the first alteration regulating the budget programs, according to the Government’s Press Release, the experience of implementing programs-based budgeting recommends that minor adjustments be made to the law, particularly regarding limiting the number of programs for investment expenditure and structuring the program for operating expenditure.
“Thus, regarding the drawing up of budget programs, it is now established that each budget title can include a maximum of three programs associated with investment expenditure. The program for operating expenditure is subdivided into sub-programs covering institutional operation and institutional development,” said Minister of the Presidency of the Council of Ministers, Agio Pereira.
“As for programs related to investment expenditure, these are segmented into sub-programs corresponding to the different areas of activity of the service and entity of the Public Administrative Sector, except for the title “General State Appropriation” and special titles without an organic basis.”
Meanwhile, the amendment to budget classifiers aims to make the new economic classification of public revenue and expenditure easier to understand, the intention is to reduce the revenue categories to eight and the expenditure categories to five while maintaining the same detail regarding headings and subheadings.
“The opportunity has also been taken to adjust the economic classification and functional classification codes, detail the categories of off-budget operations, and make minor corrections to the classification,” said the statement.
Journalist: Camilio de Sousa
Editor: Filomeno Martins