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 23 February 2010
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Timor Leste forges ahead with economic development

23/02/2010

Timor Leste is making efforts to improve its economic performance, according to the country's Deputy Prime Minister Jose Luis Guterres.

Coffee handler

Coffee handler

Speaking in the Security Council on Tuesday, Mr. Guterres said despite the current world economic and financial crises, Timor Leste's economic growth of non-oil gross domestic product in 2008 was over 12 per cent.

He added that preliminary estimates of economic growth for 2009 are around 12 per cent while the annual average inflation is less than 2 per cent.

"The agriculture sector substantially increased its productivity by introducing high yielding and hybrid variety of crops and by improving irrigation systems. The Ministry of Finance improved the system of Public Finance and Management and the budget execution (and) at the same time remained steadfast on the path of fiscal prudence and discipline."

Deputy Prime Minister Guterres said the government is committed to maintaining the growth of non-oil gross domestic product for years to come.

He said it will invest in rural areas, human resources and basic infrastructure in order to reduce poverty and unemployment.

Gerry Adams, United Nations
Duration: 1'13"

Sound bites

Deputy Prime Minister Jose Luis Guterres

"The agriculture sector substantially increased its productivity by introducing high yielding and hybrid variety of crops and by improving irrigation systems. The Ministry of Finance improved the system of Public Finance and Management and the budget execution (and) at the same time remained steadfast on the path of fiscal prudence and discipline."
Duration: 21"

Deputy Prime Minister Jose Luis Guterres cut 2

"Despite the current world economic and financial crises, our economic growth of non-oil GDP in 2008 was 12.8 per cent. And for 2009, our preliminary estimate is around 12 per cent. In the meantime, the annual average inflation is less than 2 per cent."
Duration: 20"

Deputy Prime Minister Jose Luis Guterres cut 3

"It is our commitment to maintain the growth of non-oil GDP for years to come, invest in rural areas, in human resources and in basic infrastructure in order to reduce poverty and unemployment. Reducing unemployment is not an easy task. We need foreign, national and public investment. To minimize the high level of unemployment we made an agreement with the Republic of Korea to export our labour force. Hundreds of Timorese are already working in that country and we hope that other countries may follow the example of Korea."
Duration: 42"

Deputy Prime Minister Jose Luis Guterres cut 4

"The Prime Minister Xanana Gusmao is finalizing the strategic plan for the country. This plan will play a major role in the development of the country and to better prepare our people and our nation to face the present and future challenges. The budget for 2010 is $637 million. The national priorities for this year are: roads and water supplies, food security, human resources training, access to justice, social services and administrative decentralization, good governance and public security."
Duration: 37"

Deputy Prime Minister Jose Luis Guterres cut 5

"The government of Timor Leste aims to make the public management of public finance the most accountable and the most transparent in the world. We will try. Few days ago executives from a Canadian management software company Free Balance, have visited Timor-Leste. They are providing accounting services to many countries. An agreement was reached in which they will provide software solutions for public financial and human resource management."
Duration: 31"

Deputy Prime Minister Jose Luis Guterres cut 6

"These new solutions will produce at least two portals for the public via a web-based interface. One is called transparency portal where the public can access real time information on how the state funds are being executed, including details like amounts allocated, timing of the project, location of the project and under which programme the project is being implemented. The other is a procurement portal that gives access to information on the procurement plans of the government, providing the business community equitable participation and adequate preparation time to complete and submit
Duration: 59"