The Timorese Petroleum Fund ended 2025 with a balance of 18.61 billion dollars (17.74 billion euros), according to a report released this Monday, 9th, by the Central Bank of Timor-Leste (BCTL).
The fund lost around 340 million dollars (around 287.62 million euros) in the second quarter of 2025, when it recorded a balance of 18.95 billion dollars (around 16.03 billion euros), can be read in the report for the last quarter of 2025.
According to BCTL data, “total revenue during the quarter amounted to 11.37 million dollars [9,62 milhões de euros] and the gross investment income was 251.64 million dollars [212,87 milhões de euros]”.
“In that quarter, the total value of withdrawals from the Petroleum Fund was 604.34 million dollars [511,23 milhões de euros]of which 600 million dollars [507,56 milhões de euros] were transferred to finance the State Budget and 4.34 million dollars [3,67 milhões de euros] were used to pay management and investment costs”, highlights the BCTL
The Timor-Leste Petroleum Fund was created in 2005 and the portfolio is managed by the Central Bank of Timor-Leste.
Since its creation, according to the BCTL, total revenue was around US$25.28 billion (€21.39 billion), the return on investment was US$12.03 billion (€10.18 billion) and the amount raised to finance the various general State budgets was US$18.86 billion (€15.95 billion).
Transfers from the Petroleum Fund must be approved by the national parliament.
Leave a Reply