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| :: About us :: |
- The Ministry of Finance is the Government’s
main body responsible for the design, execution,
coordination and assessment of the policies defined
and approved by the Council of Ministers for the
areas of budget and finance annual planning and
monitoring. It is incumbent upon the Ministry of
Finance:
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To propose macroeconomic, monetary and
exchange-rate policies, in collaboration with the
central bank;
- To propose policies and draft laws and
regulations on tax and non-tax revenues, budgetary
framework, procurement, public accounting, public
finance, auditing and control of the State treasury,
issuing and management of the public debt;
- To administer the petroleum fund of Timor-Leste;
- To work in cooperation with the Ministry of
Foreign Affairs, so as to coordinate the
relationship of Timor-Leste with the donors;
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To manage the external public debt, the State’s
stakes in companies and external assistance,
coordinating and defining its financial and tax
aspects;
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To manage the State’s assets, without prejudice
to the powers of the Ministry of Justice in terms of
real estate assets;
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To compile and publish official statistics;
- To take on the responsibility for the
implementation of the budget allocated from the
State Budget;
- To draft the necessary regulations and perform
financial control over the expenses of the State
Budget that are allocated to other ministries, in
view of pursuing a policy of granting greater
financial autonomy to the services;
- To look after the good management of the funds
transferred from the State Budget to bodies that are
indirectly administered by the State and by the
local government bodies, through audits and
monitoring;
- To administer and promote international technical
assistance in terms of technical advisory for State
bodies, except for the areas of human resources
training;
To set up collaboration and coordination
mechanisms with other Government bodies responsible
for related areas.
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The Capacity Development Coordination Unit is
placed under the responsibility of the Ministry of
Finance.
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The bodies and services that make up the Ministry
of Finance are those defined in its organic law.
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English