Democratic Republic of Timor-Leste: Public Financial Management-Performance Report

International Monetary Fund

No 2010/341, IMF Staff Country Reports from International Monetary Fund

Abstract: Timor-Leste weathered the global financial crisis well and experienced healthy economic growth rates. It has made solid progress in strengthening the public financial management systems. The budget document provides comprehensive information; fiscal transparency is high. The Ministry of Finance lacks the time and capacity for adequate review of rationale, costing, and impact of public investment. Internal and external audit form the largest gaps in the present public financial management system. Buy-in and long-term commitment from development partners will be essential.

Keywords: ISCR; CR; annual budget; financial year; capital budget; minister of finance; cash balance; Budget planning and preparation; Budget execution and treasury management; Auditing; Global (search for similar items in EconPapers)
Pages: 64
Date: 2010-11-24
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