MoF to Attend Session to Discuss Draft Laws to Approve the Consolidated Annual Report

Press release
Published January 20th, 2020 - 12:17 GMT
MoF to Attend Session to Discuss Draft Laws to Approve the Consolidated Annual Report
UAE Ministry of Finance
Highlights
the Ministry of Finance (MoF) is attending a session held by the Federal National Council, as part of its third engagement with the first regular assembly of the seventeenth legislative term.

This Tuesday, the Ministry of Finance (MoF) is attending a session held by the Federal National Council, as part of its third engagement with the first regular assembly of the seventeenth legislative term. Discussed at the session will be methods to draft laws to approve the Consolidated Annual Report of the federation and the final accounts of the independent bodies for the fiscal year ending on 31 December 2018. The session will be held at the headquarters of the council in Abu Dhabi.

The session will be attended by H.E. Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs; H.E. Younis Haji Al Khoury, Undersecretary of MoF; H.E.  Mariam Mohammed Al Amiri, Assistant Undersecretary for the Management of Financial Resources; and the ministry’s team of specialists. During the session, H.E. Al Tayer will review the final account report for the year 2018, which will include a summary of the consolidated account data, as well as a financial performance statement. This is part of the efforts of the Ministry of Finance to enhance the financial performance of the federal government.

The Financial, Economic and Industrial Affairs Committee of the Federal National Council studied the displayed law, the council’s relevant laws, regulations along with the decrees that were presented in light of the constitution during the third meeting of the first session of the seventeenth legislative term. The session was held on 8 December 2019, at the headquarters of the General Secretariat of the council in Dubai, under the leadership of Saeed Rashid Abdullah Al Abdi, Chairman of the Committee. Also in attendance were the representatives from the Ministry of Finance.

Background Information

UAE Ministry of Finance

To be a global leader in the fiscal field and to contribute to achieving the UAE Vision.

To efficiently and proactively manage and develop the federal government financial resources through active fiscal policies, excellent abilities, and local and 
international relations in order to achieve development, sustainability, and integrity of the fiscal system in accordance with best practices. 

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