Timor-Leste's State Budget and Veterans Programs
Discover how Timor-Leste funds its state programs primarily through oil and gas resources, with a focus on spending for veterans including pensions, scholarships, and emergency projects. Explore the allocation of the state budget, future projections for veterans' benefits, and more.
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Presentation Transcript
The states money? Money to pay for all state programs, including benefits for veterans, comes 95% from oil and gas wealth under the Timor Sea. Timor-Leste s total petroleum resources are worth about $26 billion to the nation. When we spend our resources on one thing, we cannot use them for something else.
Spending on Veterans and the Future Executed expenditures in a few sectors $120 Veterans' pensions $100 Ministry of Education Millions of dollars per year Ministry of Health $80 $60 $40 $20 $0 2008 2009 2010 2011 2012
Spending for veterans per month (million U.S. dollars) $50 $45 $40 $35 $30 $25 $20 $15 $10 $5 $0 Jul-08 Dec-08 Jul-09 Dec-09 Jul-10 Dec-10 Jul-11 Dec-11 Jul-12 Dec-12 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Jun-08 Nov-08 Jun-09 Nov-09 Jun-10 Nov-10 Jun-11 Nov-11 Jun-12 Nov-12 Feb-08 Feb-09 Feb-10 Feb-11 Feb-12 Apr-08 Aug-08 Apr-09 Aug-09 Apr-10 Aug-10 Apr-11 Aug-11 Apr-12 Aug-12 Jan-08 May-08 Oct-08 Jan-09 May-09 Oct-09 Jan-10 May-10 Oct-10 Jan-11 May-11 Oct-11 Jan-12 May-12 Oct-12
Spending on veterans programs during 2008-2012 Ceremonies, museum, etc. $14m Pensions and scholarships $199m Emergency Projects $24m
Emergency projects to veterans 2012 (part.) 2010 2011 Total Number of projects 54 53 16 123 Total contract value $30.5m $30.1m $17.4m $78.0m Average value of each project $0.56m $0.57m $1.09m $0.63m
Veterans pensions: how much in future decades? The 2013 state budget allocates $92.5 million for benefits for veterans of the liberation struggle during 2013 and projects this to increase by exactly 4.00% each year in the future, which ignores inflation and the passage of generations. This year s budget rectification included a huge increase in veteran s benefits, and we are dubious that they will be reduced from now on. This is a large part of the budget, and Parliament deserves better information about how much it will cost the state over the next decades. La o Hamutuk s submission to Parliament on the 2013 Budget
Total cost in the future? According to an internal government report: Payments to veterans will continue until 2122. The estimated total cost is $2.8 billion, which could double if new veterans continue to register or the minimum wage goes up.
Higher case: $7 billion Total petroleum wealth: $26 billion
For more information Visit www.laohamutuk.org or http://laohamutuk.blogspot.com/ Thank you.
