Timor-Leste: Report on Observance of Standards and Codes (ROSC)-Fiscal Transparency Module

November 24, 2010

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Format: Chicago

Timor-Leste: Report on Observance of Standards and Codes (ROSC)-Fiscal Transparency Module, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

Timor-Leste is a unitary state and has made significant progress with improving its fiscal transparency. The government has adopted a transparent, fiscally sustainable governance framework for the petroleum sector. Nonetheless, there are still many areas in which Timor-Leste diverges from the International Monetary Fund Code for clarity of roles and responsibilities, openness of the budget process, public availability of information, and guarantees of integrity. Particular attention should be paid to improvement of the systems consolidating fiscal information and enabling fiduciary responsibilities of the Ministry of Finance.

Subject: Auditing, Budget execution and treasury management, Budget planning and preparation, Commodities, Expenditure, Fiscal accounting and reporting, Oil, Public financial management (PFM)

Keywords: Budget documentation, Budget execution and treasury management, Budget planning and preparation, Budget year, Cash basis, Consolidated fund, CR, Customs authorities, Final accounts, Fiscal accounting and reporting, Global, Government activity, Government holding, Government priority, ISCR, Oil, Petroleum company, Prime minister, Revenue receipt

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/340
Stock No:

1TLSEA2010001
ISBN:

9781455212620
ISSN:

1934-7685

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