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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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    {Arab Monetary} launches a version looking {digitization of public finances}

    Rocky
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    {Arab Monetary} launches a version looking {digitization of public finances} Empty {Arab Monetary} launches a version looking {digitization of public finances}

    Post by Rocky Sun May 05, 2019 3:41 am

    {Arab Monetary} launches a version looking {digitization of public finances}

    Saturday 04 May


    Abu Dhabi / Morning follow up
     
    The Arab Monetary Fund has launched a new periodic series entitled "Policy Brief", which aims to[You must be registered and logged in to see this link.] decision-making in the Arab countries by providing brief research papers that address key priorities and topics of interest to member countries with policy recommendations.
    The second issue of this series touched upon the subject of digitization of public finances. The unprecedented digital transformations that have taken place have affected all aspects of life and have resulted in significant gains in productivity and competitiveness through their role in restructuring the performance of many sectors Productivity and service, as well as the mechanisms of the functioning and performance of macroeconomic policies, including public finance.
    As a result of these transformations and in the context of the Fourth Industrial Revolution and its associated technologies such as artificial intelligence, large data, the blockbuster, biotechnology and other technologies, many governments have taken advantage of these techniques to increase the efficiency of public finance management in achieving their objectives Through the development of more efficient mechanisms to raise and spend public funds to achieve the objectives of fiscal policy.
    The digitization of public finances addresses many aspects, including the digital transformation of managing the two aspects of the public budget (revenues and public expenditures), especially through the adoption of electronic collection and payment systems.
    On the public revenue side, tax digitization has helped many countries increase tax collection levels and expand the tax base by shifting to electronic systems for tax compliance, compliance, collection and billing
    e.
    While digitizing public expenditure has contributed to the efficiency of government procurement systems, combating corruption, improving the efficiency of social remittance systems by creating more accurate databases for those eligible for [You must be registered and logged in to see this link.], and channeling cash transfers to them through electronic payment channels in an easy, secure and verifiable manner such as telephones Using biometric fingerprint signatures, thereby enabling governments to reach a broad base of beneficiaries at the lowest cost.
    Moreover, digitization of public finances is also linked to the adoption of the latest technical systems in relation to other aspects of financial policy, including the Government Financial Information Management System, the Debt Management and Analysis System, and other systems that have helped to increase levels of transparency, comprehensiveness and accuracy of operations
    The state budget.
    The "Policy Brief" referred to examples of digitization of public finances in some Arab experiences. The Arab governments, within the framework of their national plans for digital transformation and their efforts for financial reform, have tended to shift towards digitizing public finances. Many Arab countries have achieved significant successes in this regard, The United Arab Emirates, Saudi Arabia, Egypt, Morocco, Tunisia and Mauritania.


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