Ministry of Finance of East Timor

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The East Timorese Ministry of Finance ( tetum Ministériu Finansas ; Portuguese Ministério das Finanças ; short: MF) is the East Timorese government agency for the country's financial policy. The country's finance minister is responsible for managing it . Although there is a new building, the Treasury Department is in the Government Palace complex in building number 5.

tasks

The new building of the Ministry of Finance remains largely unused
Government meeting in Salaun Auditória Kay Rala Xanana Gusmão (2020)

The Ministry of Finance is the central government body responsible for designing, implementing, coordinating and evaluating the budgetary and financial surveillance policies established and approved by the Council of Ministers .

The minister of finance has the following tasks: in cooperation with the central bank, propose monetary and foreign exchange policy, propose the policy and regulatory projects related to macroeconomics, tax and non-tax revenues, budgetary framework, public accounting, public finances, auditing and control of the treasury, issuance and Drafting public debt management, managing the East Timor oil fund, coordinating projects and programs between East Timor and the development partners in conjunction with the East Timorese Ministry of Foreign Affairs , managing external debt, state investments and development partnerships by defining and coordinating tax and financial issues, the management of state property , apart from the role of the Ministry of Justice in relation to real estate, the promotion of administrative policy in relation to movable property of the state in cooperation with other competent authorities public bodies, managing the supply of procured goods to all ministries, negotiating, signing and managing the implementation of public-private partnership contracts to ensure their financial evaluation, to ensure adequate risk sharing between the state and the private partner and the sustainability of each To enable the project to promote the establishment of the National Development Bank, the compilation and publication of official statistics, the promotion of the necessary regulation and implementation of financial control over the state budget expenditure allocated to the other ministries, while at the same time pursuing a policy of financial autonomy of the services, monitoring a correct Manage state budget funds for indirect state administration and local government through audit and follow-up, coordination of national and international technical assistance related to tech ical advice to government agencies, with the exception of the training of human resources, the development of financial management information systems in all services and institutions of public administration in connection with the development of the e-government process and the establishment of coordination and cooperation mechanisms with other government agencies, the related Monitor areas.

Subordinate authorities

  • Inspection and Audit Office (ILO)
  • Legal Department
  • Public-Private Partnerships Department (PPPU)
  • Integrated Financial Management Information System (IFMISU)
  • Department for the Administration of the Petroleum Fund (PFAU)
  • Development Partnership Department

Web links

Commons : Ministry of Finance of East Timors  - Collection of images, videos and audio files

Individual evidence

  1. ↑ Ministry of Finance of East Timor: Contact us , accessed on May 23, 2020. (English)
  2. ^ A b Government of East Timor: Structure of the VI Constitutional Government , accessed May 27, 2020.
  3. ↑ East Timor’s Ministry of Finance: Units Under Minister and Vice Minister , accessed May 27, 2020.

Coordinates: 8 ° 33 ′ 40.4 ″  S , 125 ° 34 ′ 31 ″  E