DILI, 25 november 2024 (TATOLI) – The President of the Republic, José Ramos Horta, promulgated the General State Budget (GSB) for the Fiscal Year 2025, with a total of US$2.617 billion.
“This morning, I received the 2025 State Budget Bill from the President of the National Parliament, Maria Fernanda Lay, and I have promulgated it,” said Horta.
The budget aims to promote investment in strategic infrastructure, strengthen the economy, and improve citizens’ well-being.
On november 20, the law proposal was approved by the National Parliament with 42 votes in favor, 23 against, and no abstentions.
Some of the central allocations include US$654 million for strategic infrastructure, US$741 million for social capital and US$92.2 million for health.
Investment in education and training for young people, an essential pillar for the country’s future, also receives special attention, with US$145.8 million for educational infrastructure and US$17.2 million for scholarships. This budget also includes measures to strengthen public finances and combat corruption.
Journalist: Jose Belarmino de Sa
Editor: Filomeno Martins
