Democratic Republic of Timor-Leste: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste

July 24, 2009

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Democratic Republic of Timor-Leste: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of Timor-Leste, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Summary

This 2009 Article IV Consultation on Timor-Leste highlights that the Timorese economy has posted high economic growth over the past two years, driven by rapid increases in government spending and a recovery in agriculture from a 2007 drought. Central government spending rose sharply in 2008, reflecting efforts to address pressing development needs and secure social cohesion. Executive Directors have welcomed the recently announced moderation in government spending. Directors have also supported the prudent approach toward widening the fund’s investment portfolio.

Subject: Budget planning and preparation, Capital spending, Commodities, Expenditure, Oil, Oil prices, Prices, Public financial management (PFM)

Keywords: Authority, Budget planning and preparation, Capital spending, Country, Country well, CR, Global, Government, ISCR, Land law, Oil, Oil prices, Petroleum revenue, Revenue decline, Timorese authorities, Timorese authority

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/219
Stock No:

1TLSEA2009001
ISBN:

9781451837377
ISSN:

1934-7685

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