Timor-Leste Must Win Independence from Petroleum

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Presentation transcript:

Timor-Leste Must Win Independence from Petroleum Comments from Charles Scheiner, La’o Hamutuk 3 May 2011

Can Timor-Leste achieve the fastest economic growth in the world?

HDI doesn’t represent people’s lives.

GNI doesn’t measure Timor-Leste’s economy

GNI doesn’t measure Timor-Leste’s economy

Table 14 from the UNDP NHDR

Table 14 from the UNDP NHDR The 2011 State Budget prioritizes physical infra-structure over health and education. 2011 17.3 1.7 13.7 6.2 9.6 41.4 4.3 3.8 0.2 100.0

State Budgets 2002-2015 Showing transfers from Petroleum Fund

State Budgets 2002-2015 Showing Non-oil GDP Growth

Many children will become youth

Our oil and gas wealth is very limited.

Petroleum Fund Balance in the Future

Thank you. You can find this presentation and more information from La’o Hamutuk’s website http://www.laohamutuk.org La’o Hamutuk’s blog http://laohamutuk.blogspot.com/