03 October 2008

East Timor Budget Execution Report Quarter 2 2008

Ministry of Finance National Directorate of Treasury Budget Execution Report Up To Second Quarter January – June 2008

Budget Estimates - The Law No.8/2007 has defined that the Financial Year period would be from 1 January to 31 December starting from 1 January 2008.

The Budget of Financial Year 2008 was approved on 31 December 2007 vide Law No 10/2007. It estimated an appropriation of US $ 347.753 million from the Consolidated Fund of Timor-Leste.

The Revenue Receipts for Financial Year 2008 are estimated at US $ 27.0 million. Parliament has also approved transfers from Petroleum Fund not exceeding US $ 294 million during the year.

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