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Tax and Revenue Management

Timor Leste sets up financial management system

By Johanna Morden | 18 April 2011

The Timor Leste government is furthering its drive to improve revenue management by establishing an integrated financial management information system.

“In order to strengthen Public Financial Management, the Government of Timor Leste has been placing greater emphasis on improving financial management systems,” Robert Vardy, Senior Management Advisor for State Finances at the Timor Leste Ministry of Finance, told FutureGov Asia Pacific.

The integrated Financial Management Information System (FMIS) of Timor Leste will be substantially completed by the end of this year, but the system will be continuously enhanced to keep up to date with needs and technology, said Vardy.

The initial funding for FMIS was US$6 million in 2010, but an additional US$7.7 million was allotted this year for more improvements on the system. Costs will be shouldered by the Timor Leste government.

The Ministry of Finance is the executing body for the FMIS project.

This year, FMIS will see more developments, particularly in the support of the existing system, and the budgeting, payment and reporting elements.

“[This is] to ensure that all software is efficiently and effectively used to strengthen financial management,” said Vardy.

Assets, Procurement, Contract Management and other modules will be distributed to line ministries. All line ministries will undergo FMIS-related capacity building and training activities.

In addition, an independent systems needs analysis and systems audit will also be completed under the project.

Under FMIS, the 27 Organs of State will be interconnected, enabling access to the existing FMIS software that is currently hosted at the Ministry of Finance. All systems applications will be decentralised, as well.

“This will allow for all Line Ministries to connect securely to a centrally managed and supported FMIS solution,” said Vardy.

“The network connectivity and hardware set up currently being undertaken in this project will position the Government to enable greater access to the FMIS in the ministries and serve as the basis for building and extending the network,” he said.

The Timor Leste government has partnered with FreeBalance, a software solutions provider for public financial management, to implement FMIS

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