East Timor - Public finance

East Timor proposed a $77 million budget for the 2002/03 fiscal year. The government anticipated $42 million in revenues from the Timor Sea Arrangement and from taxes and other revenue; the rest of the budget was expected to come from international donors. East Timor has limited access to domestic borrowing, and the government is cautious with regard to external borrowing. East Timor's public deficit stood at $7.4 million in 2002, and was projected at $5.8 million in 2003.