East Timor | Government approves USD102 million funding for Oe-Cusse Ambeno Authority

The government of Timor-Leste has approved funding of USD102.43 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 a budget of $20.5 million for the special regional authority in the 2014 budget, which is added to $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. MDT/Macauhub