In line with achieving its strategic objective and in collaboration with the World Bank, the Ministry of Finance (MoF) organised a workshop today on public expenditure and financial accountability for the development of the budgeting system at MoF in Abu Dhabi. The Ministry’s goal is based on the enhancement of international relations with international specialized institutions and bodies in order to benefit from their officials’ technical and scientific expertise as well as to view the tests applied in different countries globally.
The workshop was commenced by HE Younis Haji Al Khouri, Undersecretary of MoF, who welcomed the attendees and wished the workshop to be of benefit to them. The workshop was also attended by Their Excellencies members of the coordination of government fiscal policies of financial departments in the UAE; HE Saif Hadef Al Shamsi, Assistant Governor, Monetary Policy and Financial Stability Affairs at the World Bank, officials from the World Bank, along with HE Saeed Al Yateem, Executive Director of Revenue and Budget, HE Khalid Al Bustani, Assistant Undersecretary for the International Financial Relations Sector, HE Musabah Mohammed Al Suwaidi, Assistant Undersecretary of Support Services Sector, HE Mariam Mohammad Al Amiri, Assistant Undersecretary for the Management of Financial Resources, as well as Heads and Deputy Directors of different departments in the Ministry.
The workshop included a review on the ways and means of modern systems and applications applied in the preparation and monitoring of the implementation of government budgets in addition to reviewing the mechanisms used to apply the principle of transparency in public spending, mission statement of financial accountability to view financial information and data in the manner that will allow for the professionals to follow in order to successfully use it in financial departments. Additionally, the workshop highlighted the importance of setting controls that ensure the maintenance of public money and to achieve the main objective of applying the principle of financial accountability which is summarised in the proper guidance on using government funds to achieve the aspirations of the community and to raise the standard of living.