east timorlusophony

Transparency Portal says budget execution reached 92.9% in Timor

The East Timorese state executed 92.9% of the estimated $ 1,277 million (€ 1,118 million) last year, according to provisional data from the Transparency Portal of the Timor-Leste Ministry of Finance.

By the end of 2018, the State had executed 1,152.06 million dollars, with commitments of 12.16 million and obligations of 34.69 million dollars.

With regard to revenues foreseen for 2018, the same source – which registers in real time the inflows and outflows of public accounts – points to the execution of 107%, with a total of 201.94 million dollars, plus 13.26 million than the budgeted 188.68 million.

The data show that the Government accelerated implementation in the final stretch of the year since in the second half of November had executed only 787.4 million dollars.

As regards expenditure, the Treasury account had executed 94.2% of the budgeted 757.4 million and the Infrastructure Fund had executed 99.2% of the $ 324.4 million.

Among the revenues, the largest slices came from the National Directorate of Customs, which raised $ 68.88 million, and the Directorate General of Domestic Taxes, which collected revenues of $ 63.62 million.

It is recalled that Timor-Leste lived between January and the end of September last year under the regime of twelfths, with the General State Budget (OGE) to be applied with normality only in the final stretch of the year.

Even this process was affected by several problems in the state’s payment system.

This problem, which conditioned the action of the State, resulted from the reconciliation that was necessary to apply between the data referring to the OGE of 2018 and the data of revenues and expenses applied, under the duodecimal regime, from January 1 to September 30.

A difficult process because it also forced to adjust the budget categories according to the organic of the VIII Constitutional Government, in office for four months.

Timor-Leste began 2019 again with twelfths since the OGE was approved and sent by the Timorese parliament to the President of the Republic only on December 26.

The head of state has 30 days to decide whether to enact or veto the document.

Show More

Related Articles

Deixe uma resposta

O seu endereço de email não será publicado. Campos obrigatórios marcados com *

Back to top button
error: Content is protected !!