Emirate finance ministry reviews preparation of federal budget

GMT 16:48 2014 Thursday ,03 July

Arab Today, arab today Emirate finance ministry reviews preparation of federal budget

Emirate finance ministry
Abu Dhabi - WAM

The Ministry of Finance has organised a workshop in collaboration with the Department of Finance in Fujairah, DoF, to share its experience in preparation of the federal budget.
The workshop reaffirmed ministry's commitment to the memoranda and joint action plans signed and agreed with various federal and local government entities in Fujairah.
The employees of the DoF- Fujairah were introduced to the tools to prepare the general federal budget, as well as the technical characteristics of the zero-based budgeting system adopted by the Ministry to build the budget.
The workshop was attended by Mariam Mohammad Al Amiri, Assistant Under-Secretary for the Management of Financial Resources; Saeed Rashid Al Yateem, Assistant Under-Secretary of Resources and Budget Sector at MoF; Ali Mostafa Mohamed, General Director of DoF - Fujairah and Youssef Abdullah Al Awadi, Deputy Director of DoF- Fujairah; where the Ministry s employees gave a presentation titled Evolution of the Federal General Budget .
The presentation included a discussion on the different procedures adopted by the Ministry to develop the federal general budget in addition to the e-systems.
Commenting on this workshop, Mariam Mohammed Al Amiri said: " We believe in the importance of consolidating cooperative relations and exchanging its experiences with different partners from the federal or local government level in the U.A.E. This is reflected through the our commitment to strengthen its partners capabilities including the adoption of the latest globally, recognised technologies in government financial work." She added: "The Ministry has signed a memorandum with DoF - Fujairah in 2013, which formed a strategic relationship between the two parties. The Ministry is committed to strengthening this partnership with activities such as this workshop." For his part, Ali Mostafa Mohamed, General Director of DoF - Fujairah welcomed the participating employees from the Ministry and stressed on the department s keenness to organise the workshop. The workshop falls in line with the directives of H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah and H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah on the need to consolidate joint working relationships with various ministries and federal agencies, including MoF.
A discussion at the workshop centred on the different stages of the budget plan for the fiscal years 2014-2016, starting from the strategic plan, the financial circular for the general federal budget, its project, review and approval, as well as the start of its implementation. Participants also discussed the latest e-financial systems at a federal government level including the federal financial system.

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