Democratic Republic Of Timor–Leste: Staff Report for the 2006 Article IV Consultation

February 28, 2007

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Democratic Republic Of Timor–Leste: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2007) accessed December 24, 2024

Summary

Timor-Leste had made good progress in establishing the basis for a stable and healthy economy prior to the civil unrest in 2006, although it remains one of the poorest countries in the world. This 2006 Article IV Consultation highlights that real non-oil GDP growth turned positive in 2004–05 after contracting for two years. Macroeconomic stability was achieved through the early adoption and maintenance of prudent fiscal and monetary policies. The authorities have maintained a policy of avoiding domestic or external borrowing, hence there is no public sector debt.

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

Keywords: Asia and Pacific, Budget planning and preparation, Capital spending, CR, Currencies, Fund, Gas resource, Gas revenue, GDP, Global, Government, ISCR, Oil, Private sector, Resource curse, Revenue, Saving policy, Sub-Saharan Africa, Timor-Leste economy

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/079
Stock No:

1TLSEA2007001
ISBN:

9781451837339
ISSN:

1934-7685

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