The capital of the fund at the end of the quarter was $18.95 billion, up from the previous quarter’s $18.74 billion [€16.25 billion], according to the BCTL report.
The document notes that gross cash inflows into the fund from royalties and taxes amounted to $6.73 million (€5.84 million).
Liquidity outflows during the quarter were $355.78 million (€308.51 million), including $351.95 million (€305.19 million) in transfers to the State Budget and $3.83 million (€3.32 million) in management fees.
In this three-month period, the fund’s profit was $553.30 million (€479.79 million). “The investment return on the financial market was 3.5%,” the BCTL adds.
The Timor-Leste Petroleum Fund was established on August 3, 2005, with the Timorese central bank responsible for its operational management.
