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Loan-financed expenditures for 2016 have increased by 52.9 in comparison to the 2015 Rectification Budget, reaching 107.0 million in 2016. Several existing
infrastructure projects are entering an intensive construction phase, which has contributed to this increase in loan disbursements for 2016. In addition, the
Government expects several new loan projects to be signed in 2016, the implementation of which would also contribute to increased disbursements.
Table 2.5.1.1: Expenditure by Fund m
2014 Actual
2015 BB1 Rec
2016 Budget
2017 2018
2019 2020
Combined Sources Budget
1,629.4 1,824.3
1,705.6 2,052.3 2,532.1 2,115.5 1,746.8 Government
Expenditures by Fund 1,359.1
1,570.0 1,562.2 1,973.0 2,494.0 2,113.5 1,746.8
CFTL excl. loans 991.5
1,211.6 1,421.2 1,590.6 2,085.3 1,904.1 1,656.3
HCDF 35.2
41.1 34.0
34.0 42.5
48.9 51.3
Infrastructure Fund Special Fund, excl. loans
316.6 247.3
- -
- -
- Loans
15.8 70.0
107.0 348.4
366.2 160.5
39.2
Development Partner Commitments
270.3 254.3
143.4 79.3
38.1 2.0
-
Sources: National Directorate of the Budget and Development Partners Management Unit, Ministry of Finance, 2015
2.5.2: CFTL Expenditures
The CFTL is the G o e
e t’s e t al a ou t a d i ludes all e pe ditu es fo li e ministries and autonomous agencies with the exception of the HCDF. Within it,
recurrent and capital expenditures are spread across five appropriation categories as laid out in table 2.5.2.1.
Expenditures in the CFTL will increase by 17.3 in 2016 compared to the 2015 Rectification Budget. This is largely due to the decision to include the Infrastructure
Fund as an autonomous agency under the CFTL. The VI Constitutional Government has also reviewed and will stabilize the level of expenditures in order to control the
growth of the public sector, minimize wasteful expenditures and therefore boost returns on investment. A smaller and more efficient public sector will provide an
opportunity for greater private sector investment-led growth. Recurrent expenditures have decreased by 3.0 in 2016 compared to the 2015 Rectification
Budget, particularly on goods and services. However, transfers to the Oecusse Special Zone for Social Market Economy ZEESM will continue to increase in 2016.
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Table 2.5.2.1: CFTL Expenditure by Fund m
2014 Actual
2015 BB1 Rec
2016 Budget
2017 2018
2019 2020
Total CFTL Expenditure 991.5
1,211.6 1,421.2
1,590.6 2,085.3
1,904.1 1,656.3
Recurrent 877.6
1,106.6 1,072.9
1,115.8 1,160.5
1,206.9 1,255.2
Salary and Wages 162.5
177.5 181.9
189.1 196.7
204.6 212.8
Goods and Services 423.5
474.6 415.0
431.6 448.9
466.8 485.5
Public Transfers 291.5
454.5 476.0
495.1 514.9
535.5 556.9
Capital 113.9
105.0 348.3
474.8 924.8
697.2 401.2
Minor Capital 53.3
31.0 18.8
19.6 20.4
21.2 22.0
