FreeBalance® Transparency Portal
Fully Transparent Governance
Transparency and accountability have become the dominant themes in governance and are the key factors at reducing corruption. Government transparency creates participation and confidence. Oversight improves government efficiency and effectiveness, improves capacity, and budget execution. The implementation of the FreeBalance Transparency Portal represents a major step towards achieving the government resource planning goals of a government.
The FreeBalance Transparency Portal provides a country's citizens with unencumbered access to government budget and expenditure information. This information is publically accessible and therefore extends beyond citizens to media, donors, and any other interested parties. Generated reports can be easily exported to Excel, Word, PDF, HTML and XML.
Citizens benefit from access to the financial information that supports government performance. Citizens can easily monitor the government’s budget to ensure it is being allocated and spent in line with expectations.
Donors, aid agencies, and NGOs make significant investments to improve the country's economy and increase prosperity for all citizens. The FreeBalance Transparency Portal provides investors with the assurances that their investments are being administered properly within the mandate of their aid programs.
The FreeBalance Transparency Portal makes government spending more transparent and provides budget execution to the public. The media and other interested parties can track all aspects of budget and budget execution. This provides an assessment of progress towards achieving the goals and country priorities outlined in the budget by the government.
Web-based
- Citizens, investors, government officials can access from anywhere in the world
- Supports a portal style interface that enables users to navigate through information
- Enables the use of templates to provide Government of Timor-Leste personalization – logos, fonts, headers/footers etc.
- Supports multiple languages.
- Supports ability to place pictures, video, documents and presentations within the portal
- Supports ability to publish static statutory reports
- Supports ability to publish interactive reports
Content Managed by the Government
- Budget information
- Blog
- Legislation
- News Article
Data Simplification
- Supports method that presents the COA in a visual format
- Supports method that supports filtering, and sorting
- Supports wiki or wiki-type help interface that enables users to find out more about COA elements such as explaining the government organization
- Enables the user to view the assessment to see how much money was spent on that program or project
Financial Data Preparation
- Provides a base data structure for data coming from the financial management system for display in the portal
- Provides a method for updating financial information based on government policy and frequency
Reports
- Enables users on the system to navigate through the Chart of Accounts and supports drill-down
- Enables users to filter and sort to produce reports
- Supports ability to publish any method of self-assessment
- Supports export to Excel, Word, PDF, HTML and XML
Budget Execution Information
- Summary View
- Original
- Transfers
- Commitments
- Obligations
- Actual
- Detailed Budget View
- Any fiscal year
- View by fund category, directorate, program sectors, category or fiscal period
- Detailed General Ledger View
- Any fiscal year
- View by fund category, ministry, millennium development goals, category, district, or fiscal period
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