The government of Timor-Leste has approved funding of US$102.43 million, for the 2014 and 2015 budget, of the Authority of the Special Administrative Region of Oe-Cusse Ambeno, according to a statement issued in Dili.
In the statement, the government said that this funding, which will also be channeled to the Special Social Market Economy Zone of Oe-Cusse Ambeno and Atauro, was approved at the extraordinary meeting of the Council of Ministers held on 23 January 23 in Pante Macassar, in the enclave.
The meeting also approved the budget of US$20.5 million for the special regional authority in the 2014 budget, which is added to US$81.93 million for this year’s budget.
In addition to the budgetary allocation, the government approved the “transfer of functions, means and resources for the Oe-Cusse Special Administrative Region Authority.”
The government also decided to dissolve the Oe-Cusse Ambeno Transition Commission established in September 2014, and create a Coordination and Monitoring Committee between the central government and the regional authority. (macauhub/TL)