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President Horta promulgates the 2024 State Budget Bill

President Horta promulgates the 2024 State Budget Bill

Image Tatoli/Egas Crsitóvão

DILI, 22 december 2023 (TATOLI) – The President of the Republic, José Ramos Horta, promulgated the General State Budget (GSB) for the Fiscal Year 2024, totaling US$1.95 billion for the Central Administration, the Special Administrative Region of Oé-Cusse Ambeno (RAEOA) and Social Security, without the Social Security Reserve Fund.

The US$1,95 billion 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,” according to the document from the Presidency of the Republic.

Of the US$1,95 billion, US$788.2 million was allocated 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: Camilo de Sousa

Editor: Filomeno Martins 

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