Democratic Republic of Timor-Leste: Staff Report for the 2003 Article IV Consultation

July 28, 2003

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Democratic Republic of Timor-Leste: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 30, 2024

Summary

Owing to poor infrastructure, limited administrative capacity, and nascent institutions, Timor-Leste is one of the most underdeveloped countries in the world. During the turmoil, two-thirds of the physical infrastructure is estimated to have been destroyed. Executive Directors stressed that fiscal policy should bear the major burden of sustaining macroeconomic stability. The authorities' decisions to address poor management and bill collection through the introduction of an external management contract and the adoption of a prepaid meter system are welcomed. The development of a medium-term fiscal strategy is also encouraged.

Subject: Budget planning and preparation, Commodities, Expenditure, Fiscal policy, Oil, Public financial management (PFM), Revenue administration

Keywords: Authority, Budget planning and preparation, CR, Gas revenue, Government, IMF staff estimate, Investment regime, ISCR, Oil, Power authority, Timor-Leste authorities, U.S. dollar

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/227
Stock No:

1TLSEA0012003
ISBN:

9781451837254
ISSN:

1934-7685

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