RE: Tourist Destination12 Dec 2023 09:33
Https://www.timorleste.tl/
http://timor-leste.gov.tl/?p=35468&n=1&lang=pt
The Head of Government explained that “in order to be able to implement strategic measures to leverage the productive sector and social capital, it is necessary to carry out a transfer from the Petroleum Fund above the Estimated Sustainable Income”, which will serve “to invest in economic diversification and not to feed the current expenses of the State”. He further argued that “without investment there is no growth, nor economic and social development. Without investment, it is not possible to boost the productive sectors that generate employment, nor to develop healthy, qualified citizens capable of contributing to the diversification of the economy, which is so necessary to avoid the depletion of the Petroleum Fund”. “Investments in agriculture, fisheries and livestock, tourism, small and medium-sized industries and companies and support for the private sector. In other words, in everything that promotes the creation of sustenance and income for families, while strengthening sovereignty and independence through the replacement of imported goods with domestic production”. Xanana Gusmão highlighted that “the Government is committed to establishing a supply
base and a refinery on the South Coast, to connect to the Greater Sunrise gas pipeline, with a view to developing a national oil industry that, among other things, provides employment to the Timorese”, because “in a country like ours, young and fragile, where around 60% of our population is under 25 years old, we need to have the courage to invest in projects that transform the economy and consolidate national stability”.
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