Democratic Republic of Timor-Leste: Public Financial Management-Performance Report
November 24, 2010
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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.
Subject: Auditing, Budget execution and treasury management, Budget planning and preparation, Expenditure, Public financial management (PFM)
Keywords: annual budget, Auditing, Budget execution and treasury management, Budget planning and preparation, capital budget, cash balance, CR, financial year, Global, ISCR, minister of finance
Pages:
64
Volume:
2010
DOI:
Issue:
341
Series:
Country Report No. 2010/341
Stock No:
1TLSEA2010002
ISBN:
9781455212613
ISSN:
1934-7685
