Timor-Leste budget for 2015 outlines surplus of US$1 billion

9 October 2014

The Timor-Leste State Budget for 2015, approved at a special meeting of the Council of Ministers on 2 October, includes a surplus of US$1 billion, the government said in a statement issued Wednesday in Dili.

The state budget, due to be discussed and approved by the Timorese parliament by the end of the year, includes an estimated US$1.5 billion in expenses.

According to the statement estimated total revenue from all sources (oil, non-oil, tax and non-tax proceeds from loans) for 2015 is US$2.5 billion.

In 2015, the government of Timor-Leste expects to spend US$184 million on wages and salaries, US$504 million on goods and services and US$340 million in public transfers. (macauhub/TL)