East Timor, also known as Timor-Leste, will announce its new prime minister in two weeks, following the recent elections.
The coalition Alliance for Change and Progress (AMP) led by Xanana Gusmao won the elections, held Saturday, by an absolute majority.
After the scrutiny of more than 90 percent of the ballots, the AMP secured 49.59 percent of the votes, according to East Timor's Technical Secretariat of the Electoral Administration.
However, the official results will be published between May 27 and 28, and as of Monday authorities were still waiting for votes from overseas voters to come in, an efe-epa journalist reports.
The Revolutionary Front for an Independent East Timor (Fretilin), led by incumbent Prime Minister Mari Alkatiri, received 34.18 percent of the votes, and in third spot came the Democratic Party with 8.03 percent.
Damien Kingsbury, head of the Australian observation mission who supervised the voting in East Timor, confirmed to EFE that Fretilin has been relegated to the opposition.
Kingsbury said former guerrilla and independence hero Gusmao would become the head of the government, and predicted that he would step down two years later in favor of his former comrade-in-arms and political ally Jose Maria Vasconcelos, better known as Taur Matan Ruak.
Gusmao served as the first Head of State of East Timor between 2002 and 2007 and then as Head of Government (2007-2015), while Taur Matan Ruak served as president between 2012 and 2017.
According to Kingsbury, the elections went ahead without any serious problems reported, and with a turnout of 80 percent.
The Australian observer said that the new government would check the reduction in oil reserves and the lack of economic diversification.
The elections were called early after the opposition had blocked the budget and other government policies in the parliament along with other opposition parties.
The parliamentary impasse lasted for six months, its maximum legal duration, after which President Francisco "Lu-Olo" Guterres of Fretilin had dissolved the legislature and announced fresh elections.
The Democratic Republic of Timor-Leste, came into existence in 2002 as one of the poorest countries in the world, with a past marked by Portuguese colonization, Indonesian occupation and a subsequent transition overseen by the United Nations.
The country's economy is largely dependent on oil reserves, which account for more than half of its exports, and the International Monetary Fund in 2011 said the country was most oil-dependent economy in the world.
Despite that, much of the Southeast Asian country's population lives in poverty.