Municipalities to have 15% share of the profit of Petroleum Fund

Minister Alfredo Pires

*Diario, June 3, 2013 Language source: Tetun

Minister for Petroleum and Natural resources (MPRM), Alfredo Pires said when municipalities had been established, 15 % of Timor-Leste’s petroleum revenue would be transferred to municipalities in each district to facilitate it.

“We propose to hand over 15 % of petroleum revenue to municipalities and to monitor needs coordination with municipalities,” Alfredo Pires said at Dili Convention Centre when presenting MPRM’s program for municipalities’ establishment.

He added MRPM would coordinate with municipalities to find each district’s wealth and the district would know its own wealth as budget to develop municipalities.