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Democratic Republic Of Timor–Leste : Staff Report for the 2006 Article IV Consultation.
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ISBN: 1455221708 145274792X 1283554240 9786613866691 1452796157 Year: 2007 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

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.

Keywords

Monetary policy --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Government policy --- Timor-Leste --- Democratic Republic of East Timor --- Democratic Republic of Timor-Leste --- East Timor --- Higashi Timōru --- Itä-Timor --- Östra Timor --- Östtimor --- RDTL --- Repoṕlika Democrátika Timor Lorosa'e --- República Democrática de Timor-Leste --- Repúblika Demokrátika Timor Lorosa'e --- Repúplica Democrática de Timor-Leste --- Timor Lorosa'e --- Timor Wschodni --- Тимор-Лесте --- 東ティモール --- Timor Timur (Indonesia) --- Economic conditions. --- Economic policy. --- Constitutional Government of East Timor --- Governo Constitucional de Timor-Leste --- Governu Konstitutionál da Timor-Leste --- Budgeting --- Investments: Energy --- Exports and Imports --- Money and Monetary Policy --- Public Finance --- National Government Expenditures and Related Policies: General --- Energy: General --- National Budget --- Budget Systems --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Public finance & taxation --- Investment & securities --- Budgeting & financial management --- International economics --- Monetary economics --- Expenditure --- Oil --- Budget planning and preparation --- Currencies --- Capital spending --- Commodities --- Public financial management (PFM) --- Money --- Expenditures, Public --- Petroleum industry and trade --- Budget --- Capital investments --- Timor

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