MOF issues manual to enhance fiscal policy
Includes procedures for financial departments in all government departments and entities
Abu Dhabi : In line with its ongoing initiatives to enhance fiscal policy coordination and raise performance and efficiency of the legislation and financial systems, the Ministry of Finance (MOF) issued the 2010 Consolidated Financial Procedures Manual for the UAE federal government.
The manual includes procedures for financial departments in all ministries and government entities and ensures standardisation of concepts and practices. The manual was launched at two simultaneous workshops organised by the Ministry at its headquarters in Abu Dhabi and Dubai yesterday.
The manual details all steps, supporting annexes and legal instruments for all financial procedures which Ministries and government agencies need to apply. These are related to the budget, revenues, salaries and current and capital expenses; procurement and property of the federation, state housing, final accounts and banks. It is a clear reference and a simple tool for staff assigned to the federal government.
Detailed
A detailed explanation on the objectives and contents of the manual and suggestions and complaints system in accordance with the legal principles governing them are included.
Abdul Rahim Al Zarouni, Executive Director, Department of Financial Affairs, MOF said: "The Consolidated Financial Procedures Manual for the Federal Government is a necessity for using the latest systems and financial techniques.
We are following the principles of decentralisation and delegating authority to Federal partners involved in the management and preservation of public funds.
