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2014 Actual
2015 BB1 Rec
2016 Projection
2017 2018
2019 2020
Revenues from institutions that are now autonomous agencies
1.5 1.5
0.0 0.0
0.0 0.0
0.0 Source: National Directorate of Economic Policy, Ministry of Finance, 2015
Total fees charges are expected to increase by 24.7 in 2016 in comparison to the 2015 Rectification Budget figure. This is mostly due to improvements in the
collection, administration and monitoring procedures in the line ministries, as well as the growing services that the Government provides. In particular, dividends profits
and gains, visa fees, property rentals and vehicle registration fees are expected to increase. This is due to higher dividends from the Central Bank, greater controls in
immigration, more follow ups on payment of Government property rentals and an increasing number of vehicles in Timor-Leste respectively. Projections for outer years
are also expected to continue a positive trend, following the improvement and reinforcement of collection mechanisms in line ministries.
2.6.2.3: Interest
Interest reflects interest payments received from cash held in Government funds. Interest is expected to decrease to 0.01 million in 2016 compared to 0.04 million
in the 2015 Rectification Budget.
11
This is due the fact that the Government now holds smaller cash reserves in the Government accounts compared to previous
years, a trend which is expected to continue in the near future. Controlled, smaller cash reserves are a positive sign in that the Government has been running down
cash balances before withdrawing money from the PF. This policy contributes to PF investment returns, as the yield on PF assets is higher than the interest rate on cash
held i the Go e
e t’s a ou ts.
2.6.2.4: Autonomous Agencies
Over the past years many agencies have had their financial status changed to autonomous by law. Broadly speaking there are three types of autonomous entities:
x Public institutions that collect revenue x Public institutions that do not collect revenue
x Public companies All of the entities that are legally autonomous will now be set up in a manner such
that none of their expenditure is subject to control or verification by the Ministry of
11
Table 2.6.1.1. shows 0.0 million for interest, as interest figures are expected to remain below 0.5 million.
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Finance - instead all payments will be sent electronically to the Central Bank to be processed.
However, in order to provide the State the capability to monitor and evaluate the spending, all of these transactions will be undertaken using the Government
Financial Management Information System FMIS, which will also allow reporting through the Government Transparency Portal. Of the revenue collecting agencies,
Table 2.6.2.4.1 has a list of their revenues for which they will be fully accountable to the Parliament.
Table 2.6.2.4.1: Au to o ous Age cies’ Reve ues
– 2020 m
2014 Actual
2015 BB1 Rec
2016 Projection
2017 2018
2019 2020
Total Autonomous Agencies
6.4 7.6
8.6 9.3
9.9 10.6
11.2
Timorese Resistance Archive and Museum
- -
0.0 0.0
0.0 0.0
0.0 Conselho Imprenza
- -
0.0 0.0
0.0 0.0
0.0 Institute for Business
Support IADE -
- 0.0
0.0 0.0
0.0 0.0
Specialized Investment Agency
- -
0.0 0.0
0.0 0.0
0.0 Service for Registration
and Verification of Entrepreneurs
- -
0.4 0.5
0.5 0.5
0.6 Bamboo Center
- -
0.0 0.0
0.0 0.0
0.0 Centro de Formação
SENAI -
- 0.0
0.0 0.0
0.0 0.0
Polícia Cientítfica de Investigação Criminal
- -
0.0 0.0
0.0 0.0
0.0 National Agency for
Academic Assessment and Accreditation -
ANAAA -
- 0.0
0.0 0.0
0.0 0.0
Guido Valadares National Hospital
- -
0.2 0.2
0.2 0.2
0.2 SAMES
0.0 0.0
0.0 0.0
0.0 0.0
0.0 National Laboratory
- -
0.0 0.0
0.0 0.0
0.0 Institute of Health
Sciences -
- 0.0
0.0 0.0
0.0 0.0
National Rehabilitation Centre
- -
0.0 0.0
0.0 0.0
0.0 Equipment
Management Institute 0.1
0.1 0.1
0.2 0.2
0.2 0.2
Administration of Airports and Air
Navigation of Timor- Leste
1.6 2.1
2.5 2.6
2.7 2.8
2.9
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2014 Actual
2015 BB1 Rec
2016 Projection
2017 2018
2019 2020
Total Autonomous Agencies
6.4 7.6
