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

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.

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Year of publication:	2010-11-24
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Budgetary policy \| Fiscal management \| Fiscal transparency \| Intergovernmental fiscal relations \| Oil sector \| Reports on the Observance of Standards and Codes \| Tax administration \| Tax collection \| budget documents \| budget process \| budget execution \| financial management \| budget year \| internal audit \| budget circular \| decentralization \| fiscal information \| budget preparation \| fiscal activities \| fiscal data \| budget documentation \| fiscal risks \| annual budget \| budget document \| capital budget \| public finances \| budget requests \| fiscal policy \| annual accounts \| contingent liabilities \| fiscal envelopes \| state budget \| national accounts \| budget preparation process \| external audit \| fiscal reports \| central government budget \| government priorities \| budget estimates \| taxation \| quasi-fiscal activities \| accounting standards \| budget formulation \| budget cycle \| public debt \| tax revenues \| fiscal sustainability \| aggregate fiscal \| internal control \| budget review \| financial management information system \| fiscal decentralization \| fiscal position \| fiscal envelope \| integrated financial management information system \| budget proposal \| integrated financial management \| government budget \| financial management information \| budget outturn \| budget submissions \| tax system \| fiscal aggregates \| medium-term fiscal framework \| fiscal expenditures \| fiscal framework \| budget classification \| fiscal reporting \| budget law \| budget revenues \| capital expenditure \| budget committee \| budget outturns \| fiscal affairs \| public spending \| fiscal years \| government finance statistics \| accounts payable \| budget expenditures \| public investment \| annual budget process \| fiscal affairs department \| public financial management \| budget execution report \| fiscal rules \| budget review process \| fiscal expenditure \| government finance \| public finance \| tax authorities \| tax compliance \| government expenditure \| fiscal outturn \| national budget \| public expenditure \| government spending \| budget planning \| fiscal roles \| tax administrations \| budgeting process \| treasury single account \| budget proposals \| budget allocations \| budget implementation \| capital expenditures \| pfm system \| budget allocation \| current budget \| fiscal report \| budget directorate \| fiscal policy framework \| fiscal indicators \| fiscal balances \| revenue projections \| budget covers \| tax burden \| public investment program \| public expenditures \| government policies \| fiscal regime \| credible budget \| resource allocations \| fiscal forecasts \| budget office \| budget requirements \| budgetary fund \| government accounts \| budgetary accounting \| government spending programs \| budgetary impact \| fiscal targets \| fiscal forecasting \| budget aggregates \| financial accounting \| fiscal policy objectives \| fiscal risk \| fiscal strategies \| taxpayer registration \| fiscal relations \| government finances \| capital investments \| annual budget execution \| budget reporting \| actual expenditure \| budgetary expenditure \| fiscal terms \| ifmis \| fiscal powers \| budgetary items \| government expenditures \| controlling budget execution \| intergovernmental fiscal \| budget discussions \| budget commission \| tax credit \| treasury directorate \| fiscal activity \| budget preparation system \| local government budget \| public finance laws \| budget formulation process \| sustainable fiscal policy \| tax incentives \| fiscal projections \| reports on budget execution \| budget requirement \| fiscal balance \| budget execution system \| internal control system \| reduction in public spending \| budget expenditure \| statement of accounts \| fiscal regimes \| national accounts statistics \| capital investment \| budget plans \| tax liability \| tax authority \| international accounting standards \| state treasury \| budget guidelines \| information on budget execution \| fiscal sustainability analysis \| cash accounting \| fiscal emergencies \| financial management systems \| fiscally sustainable \| capital budget execution

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/340 5 pages long
Source:	RePEc - Research Papers in Economics

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