European Parliament Library

Democratic Republic of Timor-Leste :, 2013 Article IV Consultation

This 2013 Article IV Consultation highlights that the non-oil economy of the Democratic Republic of Timor-Leste has grown rapidly in recent years with growth averaging close to 12 percent from 2008 to 2011, allowing the average per capita income to steadily increase. The growth was driven by a rapid increase in government spending, which boosted the public administration and construction sectors. So far, the contributions from agriculture and manufacturing have been modest. Despite falling from the peak of more than 15 percent in 2011, the inflation rate is still in double digits. Executive Directors have welcomed the revised budgetary framework that anticipates a stabilization of government expenditures and revenue diversification
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Bolstering the Macroeconomic Framework; FIGURES; 1. Key Macroeconomic Forecasts under the Revised 2013 Budget; B. Fiscal Policy; C. Boosting Growth by Catalyzing the Private Sector; D. Monetary and Exchange Rate Policies; E. Financial Policies; F. Other Issues; STAFF APPRAISAL; BOXES; 1. The g7+ and Timor-Leste; 2. Recent Developments in the Petroleum Sector; 3. Economic Growth and Living Standards in Timor-Leste; 4. Inflation and Government Spending; 5. Development Strategy and Industrial Policy
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (67 p.)
Specific Material Designation
Form Of Item

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