With the launch of the FreeBalance Transparency Portal, the Government of Timor-Leste demonstrates worldwide leadership in transparency, trust and accountability.
Ottawa, Canada (Vocus/PRWEB) March 15, 2011
FreeBalance, a Government Resource Planning (GRP) software For Profit Social Enterprise (FOPSE), today announced that the Government of the Democratic Republic of Timor-Leste (RDTL) has launched the web-based Transparency Portal.
The Timor-Leste Transparency Portal allows citizens to access historical and recent government financial information to monitor RDTL state funds effectiveness. Detail provided includes amounts allocated expenditure location, and program data. Citizens can investigate projects further to view budget transactions to ensure the budget is being spent as intended. This ensures honesty and transparency to improve citizen and investor confidence. The Timor-Leste Transparency Portal provides 10 years of budget information: the budget that was approved and the actual budget spent. Reports and filtered results can be exported in PDF, Word, Excel, XML and HTML formats.
"With the launch of the FreeBalance Transparency Portal, the Government of Timor-Leste demonstrates worldwide leadership in transparency, trust and accountability,” said Manuel Pietra, President & CEO of FreeBalance. "Timor-Leste continues to modernize rapidly by adopting transparency initiatives, some of which have yet been implemented in more developed countries. Transparency and accountability are dominant themes in governance and are key factors at reducing corruption. Government transparency creates participation and confidence. Oversight improves government efficiency and effectiveness, strengthens capacity, and budget execution."
The Government of Timor-Leste has leveraged rich web technology from FreeBalance so that it can integrate data from multiple sources, simplify finding information and make information externally available for other systems. The Governments now has the option to display information from multiple sources, including other government financial databases. The Transparency Portal integrates seamlessly within the FreeBalance Accountability Suite.
FreeBalance has been working with the RDTL since 2000. FreeBalance has provided GRP software and PFM services supporting improved governance, accountability, and transparency. The Government of the Democratic Republic of Timor-Leste uses FreeBalance Financials, Purchasing, Assets, Human Capital Accountability, Treasury, and Performance Budgeting modules. The RDTL and FreeBalance worked closely to implement a range of products including a Minister’s Dashboard.
FreeBalance customers span the globe and the user community includes public financial management professionals in 18 countries. FreeBalance operates in 15 customer time zones. FreeBalance has more than 60,000 users around the world. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide.
About the Democratic Republic of Timor-Leste
Internationally recognized as an independent state in 2002, Timor-Leste is located in South East Asia. After 400 years of occupation, 24 years of war, two years of a United Nation’s led transitional administration, Timor-Leste restored its independence. Timor-Leste has witnessed rapid development in recent years and has been ranked one of the top ten fastest growing economies in the world for the last three consecutive years. Tetum and Portuguese are the official languages.
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. For more information, visit http://www.freebalance.com.
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