DILI, 04 february 2021 (TATOLI)- The Central Bank Of Timor-Leste (BCTL) is officially releasing a quarterly Petroleum Fund added up to 19,65 Billion for the period ended 31 december 2021.
According to the note officially published on the official site of BCTL, the Central Bank of Timor–Leste (BCTL), announced the Quarterly Report of the Petroleum Fund of Timor-Leste for the period ended 31 december 2021.
The report shows that the capital of the fund as of 31 December 2021 was $19,65 billion compared to $19,17 billion at the end of the previous quarter.
The report shows that the gross capital inflows during the quarter were $467,10 million, consisting of $284,17 million of contributions from taxpayers to the Fund and royalty contributions from the National Petroleum Authority was $180,43 million, and annual pipeline fees were $2,50 million.
The investment income of the Fund for the quarter was $357,70 million comprising dividends and interest received were $57,72 million, change in the market value of financial assets was $303,46 million and FX was $0,56 million.
This represented the total portfolio return of the Financial Market Investments for the quarter was 1.88% while the benchmark return for the period was 1.91%.
The Petroleum Fund law specifies that the Operational Manager (Banco Central de Timor-Leste) is the agent responsible for the operational management of the Fund. The Ministry of Finance is responsible for setting the overall investment strategy for the Fund.
Highlights of the LXI Quarterly Report, which covers the period from 01 October 2021 to 31 December 2021 include:
– The capital of the Fund at 31 December 2021 was $19,65 billion.
– Gross cash inflows to the fund from royalties and taxes were $467,10 million.
– Cash outflows were $452,19 million of which $350 million was transferred to the State Budget and $3,32 million was for management costs.
– This represented the total portfolio return of the Financial Market Investments for the quarter was
1.88% while the benchmark return for the period was 1.91%. The Quarterly report, as well as included of the Petroleum Fund Law and Management Agreement.
It is known that the Bank Central of Timor-Leste (BCTL) has launched a trimester report for the 58th which covers the information from april 01 to june 31, 2021 recorded the indicates the capital fund post slight rise to $19.49 billion in last April 01 to june 31, 2021.
Journalist: José Belarmino De Sá
Editor: Rafy Belo
