Finance Qualifying national financial frameworks to preserve public money …

(MENAFN-Al-Anbaa)

  • The rehabilitation process reduces waste in spending, rationalizes expenses and maximizes revenue
  • Implementation of the program and performance budgeting system to achieve financial performance efficiency
  • Development of legislative and regulatory frameworks for state procurement and increasing the efficiency of procurement systems
  • Restructuring of warehouse systems and activities in the country to rationalize government spending

Ali ibrahim
Al-Anbaa has learned from informed sources that the Ministry of Finance aims to achieve the strategic objectives of the ministry, namely to prepare public financial policies that support financial and economic stability, through a strategic training project for the financial sector elements in ministries, departments and government agencies during the current financial year.
This is in addition to the completion of plans to restructure the state’s financial system and the application of the program and performance budgeting system to achieve effective financial performance and control government spending, in addition to developing legislative and regulatory frameworks for state procurement, increasing the efficiency of procurement systems and methods in government agencies, and restructuring of storage systems and activities in the government sector to rationalize spending.
Through its programs, the “Finance” seeks to qualify the national financial frameworks in these agencies with the aim of increasing the level of job performance in the financial sectors, which contributes to the preservation of public money, reducing wastage in government spending , rationalization of expenditure and maximization of income.
While the Ministry of Finance has been working for years on the process of shifting from the “restrictions and clauses” budget to the “programs and performance” budget as one of the financial and economic reform instruments, and the role of “finance” re-sign, especially as this type of budget is an important building block in achieving the idea of ​​financial and economic sustainability, the Ministry is currently training the financial elements on this new type of budget to develop the skills of employees accordingly with the policy of the government administration.
“Finances” builds the employees’ experiences in this aspect by mentioning the objectives of the program budget and performance evaluation, the benefits of using this type of budget, defining the objectives and programs in government agencies, the budget measurement indicator and the successful experiences. . in some developed countries in the application.
Finance aims to train accountants and new financial staff working in the financial sector in government agencies, attached bodies and independent institutions whose term of office does not exceed 3 years and who have a university degree or diploma in that aspect.
In a related context, the ministry trains employees in the supervisory levels of government agencies on the types of offenses monitored by the supervisory bodies to provide participants with the skills to deal with them and how to respond and treat them.
Finance will educate workers in supervisory positions to combat financial corruption in the government’s financial sector by introducing them to the manifestations of financial corruption and ways to combat it in accordance with applicable laws and regulations.
It covers in addition to the types and causes of financial corruption, procedures to detect financial corruption, methods and mechanisms for combating financial corruption and ways to develop it, the effectiveness of government agencies involved in combating financial corruption, the effectiveness of laws and regulations related to the fight against financial corruption, and the obstacles that limit the efforts of the relevant authorities to implement regulations and procedures.
7 objectives for the training of employees in public finances
The plan to train workers in financial positions aims to achieve a set of goals, the most important of which are:
1- The transfer of modern knowledge and information in the financial and accounting fields and benefit from it in the development of the financial function in the state apparatus.
2 – Build technical, financial and accounting capabilities and skills for the financial function to help perform work efficiently and effectively.
3 – Contribute to the acquisition of skills and capabilities for the application of electronic management in the financial and accounting fields through the programs of government financial systems – GFMIS.
4 – Implementation of financial instructions and circulars issued by the Ministry of Finance related to the affairs of the general budget, accounting, warehouses, procurement systems and asset systems.
5 – Rationalization of government spending through the use of effective audit methods to reduce financial irregularities.
6 – Preservation of public money by reducing financial waste, counterfeiting, fraud and deception.
7- Managing cash and financial payments in accordance with modern automated systems.

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