IMF Staff Country Reports

Democratic Republic of Timor-Leste: Selected Issues

Publication Date:

July 24, 2009

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Petroleum is now by far Timor-Leste’s largest source of income. If well harnessed, Timor-Leste’s petroleum wealth offers the potential for a more prosperous future. This Selected Issues paper provides an overview of how Timor-Leste’s Petroleum Fund functions. It considers the extent of the country’s petroleum wealth, discusses the developmental challenges, and outlines key challenges ahead. The paper depicts the origins of the fund and details its operating mechanisms. It also assesses how the fund has performed to date.

Series:

Country Report No. 2009/220

Subject:

Budget planning and preparation Commodities National accounts Oil Oil prices Oil, gas and mining taxes Personal income Prices Public financial management (PFM) Taxes