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POLITICS, NATIONAL, DILI, HEADLINE

Govt approves 2023 GSB draft bill with an amount of US$ 1.95 billion

Govt approves 2023 GSB draft bill with an amount of US$ 1.95 billion

Image TATOLI/Francisco Sony

DILI, 21 november 2023 (TATOLI) – The Council of Ministers approved the 2024 General State Budget (GSB) Draft Bill, with a value of US$1.95 billion for the Central Administration, RAEOA, and Social Security, without the Social Security Reserve Fund. This figure includes an allocation of US$1.83 billion for the central administration and US$60 million for the RAEOA.

Of the total expenditure planned for the Central Administration and RAEOA, US$ 468.8 million is for wages and salaries, US$ 386.3 million for goods and services, US$ 589.7 million for public transfers, US$ 34.2 million for minor capital and US$ 411 million for development capital.

The Social Security Budget, including the Social Security Reserve Fund, amounts to US$347.6 million.

It should be noted that the 2024 State Budget provides for US$788.2 million for economic affairs, US$467.1 million for social protection, US$140.9 million for education, US$66.2 million for health and US$45.2 million for housing and collective infrastructure.

 

Journalist: Jose Belarmino de Sá

Editor: Filomeno Martins 

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