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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Advisor to the Prime Minister: Financial measures to accelerate integration into the digital climate

    Rocky
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    financial - Advisor to the Prime Minister: Financial measures to accelerate integration into the digital climate Empty Advisor to the Prime Minister: Financial measures to accelerate integration into the digital climate

    Post by Rocky Sun 05 Nov 2023, 2:10 pm

    Advisor to the Prime Minister: Financial measures to accelerate integration into the digital climate

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    [size=21]Economy News - Baghdad
    The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Sunday, the government’s work to reorganize and unify accounts in government institutions, while indicating that adopting electronic collection and payment will help unify the unified treasury system .                                         
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    Saleh said in an interview with the official news agency, which Al-Eqtisad News reviewed, that “the state’s public finances are working in high harmony with the government program, to reorganize, compile, and unify the accounts of spending or disbursement units in all ministries, regions, and governorates, from the previous state of dispersion to the state of integration and amalgamation.” With an interconnected aggregate account system, within government accounts within the banking system,” he pointed out that “it is a proactive step towards achieving a single unified account for the treasury, or what is called the Treasury Unified Account ( TSA).”
    Saleh added, “This step also aims to monitor financial transactions, flows, and existing government cash balances, moment by moment, in preparation for the next stage, which requires completing the complete electronic link between disbursement or public spending units, with a digital system called (ifmis), which means management system . ” Integrated Information Finance, which is the final advanced stage required by the unified treasury account system, is currently being worked on intensively and diligently by the Financial Authority .”
    He explained, “Adopting electronic collection and payment systems will help unify the unified treasury system, specifically in the field of digital cash flows related to collection and electronic payment, so that digital financial activities are immediately integrated with the unified collective government bank accounts. ”
    Saleh continued: “This will add a source of strength and organizational speed that will bring the unified treasury account closer to its role towards faster integration into the digital climate and electronic payment systems, which have taken their positive role in organizing, speeding and governing cash flows, in order to know the cash presence of public finances clearly and on a daily basis, in addition to To facilitate the activity of financial control over trends in the management of public funds.”


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