National Parliament approves the State Budget for 2013

The discussion and vote on Draft Law No. 2/III, 2013 State Budget (SB), ended this Monday, February 18, in the National Parliament, with its final approval.

The diploma proposed by the V Constitutional Government has undergone changes resulting from the adoption of some amendments tabled by Members of Parliament. According to the proposals put forward by the Members, expenses decreased by $150 million dollars regarding the proposal presented by the Government.

The total budget is thus of $1.647,519 billion U.S. dollars by category of expenditure, is as follows:

1 – $160,531 (one hundred and sixty million and five hundred thirty-one thousand U.S. dollars) for Salaries and Wages;

2 – $441,530 (four hundred forty-one million and five hundred and thirty thousand U.S. dollars) for Goods and Services.

3 – $238,985 (two hundred thirty-eight million and nine hundred eighty-five thousand U.S. dollars) for Public Transfers;

4 – $49,595 (forty-nine million and five hundred ninety-five thousand U.S. dollars) for Minor Capital;

5 – $756,877 (seven hundred fifty-six million and eight hundred seventy-seven thousand U.S. dollars) in Capital Development.

The Infrastructure Fund, including loans, was assigned with $604,377 (six hundred and four million and three hundred seventy-seven thousand U.S. dollars), whilst $42,448 (forty-two million and four hundred forty-eight thousand U.S. dollars) were approved for the Human Capital Development Fund.

The total maximum approved for public debt in 2013 is $ 43.6 million dollars.

The 2013 Sate Budget Law was approved in its final vote, having obtained 64 votes in favor, 0 votes against and 0 abstention.

The final text will be drafted by the National Parliament’s Commission C – Economy, Finance and Anti-Corruption, before being sent to the President of the Republic for promulgation.

url: https://timor-leste.gov.tl?lang=en&p=7727