Transcribed
Timor-Leste : Government expenditure
Timor-Leste 3.35.4 Government expenditure Capital Recurrent: Goods and services Recurrent: Public transfers Recurrent: Salaries and wages $ billion 2.0_ 1.5_ 1.0_ 0.5_ 0.0_L 2009 2010 2011 2012 2013 2014 Budgeted Note: 2009 to 2011 show actual expenditures, 2012 to 2014 show budgeted expenditures. Source: Timor-Leste 2013 State Budget. Timor-Leste 3.35.4 Government expenditure Capital Recurrent: Goods and services Recurrent: Public transfers Recurrent: Salaries and wages $ billion 2.0_ 1.5_ 1.0_ 0.5_ 0.0_L 2009 2010 2011 2012 2013 2014 Budgeted Note: 2009 to 2011 show actual expenditures, 2012 to 2014 show budgeted expenditures. Source: Timor-Leste 2013 State Budget.
Timor-Leste : Government expenditure
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The budget for 2013 has a large increase in government spending to
$1.8 billion (Figure 3.35.4), or 200% of non-oil GDP, of which $1.6 billion
will come from the Petroleum Fund and other sources of do...
mestic
revenue (with the remainder sourced from development partners).
Capital expenditure, funded from the multiyear Infrastructure Fund,
will remain prominent in the budget, with spending projected to rise to
100% of non-oil GDP. Outlays on the national electrification program are
tapering off but will still be $280 million. Expenditure on the Tasi Mane
project—intended to trigger development on the south coast—is budgeted
at $1.32 billion. The budget also allocates $544 million for road upgrades
over the next 5 years. World oil prices are projected to fall slightly in 2013
and 2014, which could reduce Timor-Leste’s petroleum revenue and its
budget and current account surpluses. Budget surpluses are projected to
fall to about 100% of non-oil GDP in 2013 and 50% in 2014. The country’s
current account surplus is forecasted to fall to just over 100% of non-oil
GDP in 2013 and 66% in 2014.
----Note: 2009 to 2011 show actual expenditures, 2012 to 2014 show budgeted expenditures.
--------------- Source: Timor-Leste 2013 State Budget. - http://timor-leste.gov.tl/?cat=32&lang=en
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