iklan

BUSINESS, HEADLINE

Ministry of Finance disseminates decree-law on the execution of GSB 2025

Ministry of Finance disseminates decree-law on the execution of GSB 2025

Image Tatoli/Francisco Sony

DILI, 07 january 2025 (TATOLI) – The Ministry of Finance (MoF) through the Directorate General for Treasury, on tuesday, disseminated a Decree-Law on the execution of the General State Budget (GSB) 2025 to all the ministries and public institutions.

The dissemination ceremony of the decree-law took place at the auditorium of the Ministry of Finance, in Dili, with all members of the government present, including Prime Minister, Kay Rala Xanana Gusmão.

In his speech, Prime Minister Gusmão called on all members of the government and public institutions to execute the state budget responsibly, adding that the State Budget must be implemented properly in order to benefit the Timorese people.

He said that if a government fails to execute a state budget, then “other people may consider our country a fragile state.”

The Head of Government also urged all members of the government and public institutions to ensure that the state budget must be executed in accordance with the law.

At the same place, the Director General of Planning and Budget of the Ministry of Finance, José Alexandre de Carvalho said that during the dissemination ceremony, the State Budget package, including the budget execution rules, was also distributed to all ministries.

Carvalho said that the Ministry of Finance would soon launch the Government Resource Planning (GRP) to enable the implementation of the GSB 2025.

In november 2024, 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.

Related News: President Horta promulgates 2025 State Budget Bill

 

TATOLI

iklan
iklan

Leave a Reply

iklan
error: Content is protected !!