Democratic Republic of Timor-Leste : 2017 Article IV Consultation-Press Release and Staff Report.

This 2017 Article IV Consultation highlights that Timor-Leste's non-oil real GDP growth in 2016 is estimated at 5.5 percent, supported by a near doubling of government capital spending, albeit with large import leakages. Real total GDP declined by 7.9 percent in 2016, owing to a sharp fall in o...

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Autor corporatiu: International Monetary Fund. Asia and Pacific Dept
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2017.
Col·lecció:IMF Staff Country Reports; Country Report ; No. 2017/360
Accés en línia:Full text available on IMF
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Sumari:This 2017 Article IV Consultation highlights that Timor-Leste's non-oil real GDP growth in 2016 is estimated at 5.5 percent, supported by a near doubling of government capital spending, albeit with large import leakages. Real total GDP declined by 7.9 percent in 2016, owing to a sharp fall in oil production. The overall fiscal deficit widened to 30.8 percent of GDP in 2016. Non-oil real GDP growth is projected to moderate to 3 percent in 2017, owing to lower government expenditure and the slowdown of activity owing to the delayed formation of the new government after the parliamentary elections in July. Inflationary pressures remain low, albeit with a return to positive territory with rising global food and fuel prices.
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Descripció física:1 online resource (85 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students