MIL OSI Translation. Timor-Leste Portuguese to English –
Presidency of the Council of Ministers
Spokesperson for the Government of Timor-Leste
……………………………………………. ……………………………………………. …………………….
Press release
Extraordinary Meeting of the Council of Ministers on September 30, 2024
The Council of Ministers met at the Government Palace in Dili and approved the Draft State Budget (OGE) Bill for 2025, presented by the Minister of Finance, Santina José Rodrigues F. Viegas Cardoso, with a total value of US$ 2.6 billion allocated to the Central Administration, the Special Administrative Region of Oe-Cusse Ambeno (RAEOA) and Social Security, including the Social Security Reserve Fund. This amount includes an allocation of US$ 2.07 billion for the Central Administration, US$ 482 million for Social Security and US$ 62 million for the RAEOA.
The 2025 State Budget Bill continues the strategy of implementing the priorities set out in the Government Programme, under the motto “Investment in strategic infrastructure, strengthening the economy and improving the well-being of citizens”. The Proposal is formulated based on the Strategic Objectives of the IX Constitutional Government, with a view to promoting the socio-economic development of the Nation through targeted investments in strategic infrastructure, economic strengthening and initiatives aimed at improving the well-being of citizens. The 2025 State Budget aims to promote economic development and improve the living conditions of the Timorese population, through a clear strategy focused on sustainable economic growth, improving public services and ensuring that the benefits of development reach all citizens.
In terms of strategic infrastructure, US$227.3 million has been earmarked for the construction, expansion, rehabilitation and maintenance of road networks and bridges, as well as for the implementation of measures to protect against natural disasters, with the aim of improving connectivity and protecting communities from the effects of climate change. Funding is also provided for the rehabilitation of Presidente Nicolau Lobato International Airport and for the completion of the submarine fibre optic cable that will link Timor-Leste to Australia. The expansion of the internal fibre optic network will enable the provision of high-speed internet throughout the country from 2025 onwards. In the electricity sector, the budget foresees a significant increase in subsidies to the public company EDTL, EP, with the aim of improving and expanding the continuous supply of electricity, especially in rural and remote areas, ensuring a more stable and comprehensive service.
In the natural resources sector, the proposal allocates US$40 million to improve industrial and oil and mineral extraction areas on the country’s southern coast, contributing to economic development and strengthening energy security.
In the financial sector, an investment of US$5 million is expected in the capitalization of the Central Bank of Timor-Leste, with the aim of strengthening the stability and resilience of the national financial system.
The bill allocates a significant portion of the spending, around US$406 million, to support civil society, health and social services. In human capital development, US$17.2 million is allocated to vocational and technical training programs, as well as to grant scholarships. Education will also receive US$145.8 million to build new schools, train teachers and strengthen the education management system.
In health, the budget allocates US$99.2 million to improve the hospital network and health centers throughout the country, in addition to US$14.2 million for the acquisition and distribution of essential medicines and medical equipment. In terms of social protection, the Bolsa da Mãe program will be strengthened with an increase of more than US$7 million, plus US$2.86 million earmarked for improving the health and nutrition of pregnant women and children. The proposal also includes a transfer of US$124.1 million to the Social Security Budget, an increase of US$37.4 million compared to 2024, which reflects the expansion of the Social Security system and the value of the social old-age and disability pension. END
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.