Democratic Republic of Timor-Leste: Public Financial Management-Performance Report
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2010/341
Subject:
Auditing Budget execution and treasury management Budget planning and preparation Expenditure Public financial management (PFM)
English
Publication Date:
November 24, 2010
ISBN/ISSN:
9781455212613/1934-7685
Stock No:
1TLSEA2010002
Pages:
64
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