Vice Ministry of Finance Santina JRF Viegas Cardoso and Vice Prime Minister Fernando “La Sama” de Araujo, with management team of Ministry of Finance conducted a one day workshop for Private Sector in Dili Convention Center (DCC), on 11 April 2014.
In opening remarks Vice Minister of Finance stated that, One of the roles of Ministry of Finance is to widely do socialisation of rules and procedures of state budget execution which was put in place together with all line ministries, therefore, this session with private sector is very importante as private sector is a very importante partnert in developing this country.
Furthermore, she said private sector needs to understand all rules and procedures and budget callender which was stablished by government in relation to state budget execution and according to enacted law budget preparation should be submitted to National Parlament by 15 October each year.
She closed her remarks by encouraging private sectors to work together to better execute state budget and a high quality of execution.
In the occasion, Vice Prime Minister Fernando “la Sama” de Araujo, in his remarks expressed his gratitute to Vice Minister of Finance and all relevant directors for their inisiative of having this workshop for private sector, so they can better understand all existing regulation and procedures regarding budget executuin iha this country.
Furthermore, he shared point of views of Prime Minister for 2014 which no PDD and PDID new projects, as in 2014 is aimed for all previous project from 2013 should be concluded.
Also, Vice PM solicited private sector to understand rules and real situation such as accurances of late payment, including fill up form correctly.
Moreover, he requested private sector to learn from this workshop, and if there any questions could be raised but do not urging for amendment of existing rules and procedures, becuase it is not easy as National Parlament is the only entity which has the competency to do so.
Besides that private sector apreciated Ministry of Finance and its General Directors for being able to address to private sector phone call during 24 hours to advice them on their payment related issues