|
Overview
The Ministry of Finance, MoF for short, is the central body of the Government responsible for drafting, executing, coordinating and assessing the policies defined and approved by the Council of Ministers, for the areas of annual planning and monitoring, budget and finance.
The MoF has the following attributions:
- 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;
- To manage the external public debt, the State’s stakes in companies and external assistance, coordinating and defining its financial and tax aspects;
- To manage the State’s assets, without prejudice to the powers of the Ministry of Justice in terms of real estate assets;
- To compile and publish official statistics;
- To take on the responsibility for the implementation of the budget allocated from the State General 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.
Organization of Ministry
|
English
Portuguese 