Timor-Leste: East Timor Faces ‘Fiscal Cliff’ without Gas Project, IMF Warns

Sep 25, 2022 | John Kehoe, Australian Financial Review
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East Timor faces a “fiscal cliff” next decade if the Greater Sunrise gas field north of Australia is not developed in the next few years, the International Monetary Fund says. The warning that the impoverished country’s $US17.4 billion petroleum fund could be depleted by 2038 has ramped up pressure on East Timor’s government, Australia and Woodside Energy to ensure the Greater Sunrise gas field goes ahead.