Subject: Lusa: Govt drafts new budget, upping funds for post-violence rebuilding

17-07-2006 14:05:00. Fonte LUSA. Notícia SIR-8179865 Temas:

East Timor: Govt drafts new budget, upping funds for post-violence rebuilding

Dili, July 17 (Lusa) - East Timor's newly installed government has agreed on a new proposed budget to be sent to parliament for approval, altering priorities and heavily increasing public investment.

In a communiqué Friday, Prime Minister José Ramos Horta's government announced, only hours after taking office, it had approved a new, US$300 million budget for 2006-2007, US$15 million less than the previous proposal drafted by the outgoing Mari Alkatiri cabinet.

The government, it said, agreed to "adjust its budget proposal with an exponential increase in funds for state investment" and to cover costs of reconstructing destroyed public and private infrastructure and the "reintegration" of tens of thousands of displaced people in recent violence.

Alkatiri resigned on June 26 before his crisis-delayed budget was debated by parliament.

The government did not disclose the specific amounts allotted for operational costs, capital expenditure and public investment.



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