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[size=36]Finance: Changing our way from traditional budget to projects and prompt performance[/size]
Economy | 02:27 - 28/07/2019
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BAGHDAD -
The Prime Minister for Economic Affairs and Finance Minister Fuad Hussein announced on Sunday the change of the way the Ministry of Finance from the traditional budget to budget projects and performance directed.
"It is a pleasure to be with you in the workshop," Hussein said during his participation in the program budget workshop organized by the US Agency for International Development in cooperation with the United Nations Development Program in Iraq and the advisers of the Prime Minister. "This is an important task which comes, as I see it, as a step to strengthen the approach we started in Iraq several months ago in coordination with the Iraqi ministries and governorates." He pointed out that "the traditional budget" has been adopted, Not directed by Each strategic, designed to focus on reducing costs more than achieving tangible results, and many of the limitations and shortcomings which I am sure you fully aware of them. "
"We have changed our approach from the" traditional budget "to the" balanced projects and performance directive "will not be easy, and this approach is new to us, and so far we do not have the individual and institutional capabilities necessary to formulate a real" budget projects and performance "contribute to the guidance of our resources To the real need for them with a clear vision on how to translate the budgeted costs into concrete results. "
The Prime Minister for Economic Affairs and Finance Minister Fuad Hussein announced on Sunday the change of the way the Ministry of Finance from the traditional budget to budget projects and performance directed.
"It is a pleasure to be with you in the workshop," Hussein said during his participation in the program budget workshop organized by the US Agency for International Development in cooperation with the United Nations Development Program in Iraq and the advisers of the Prime Minister. "This is an important task which comes, as I see it, as a step to strengthen the approach we started in Iraq several months ago in coordination with the Iraqi ministries and governorates." He pointed out that "the traditional budget" has been adopted, Not directed by Each strategic, designed to focus on reducing costs more than achieving tangible results, and many of the limitations and shortcomings which I am sure you fully aware of them. "
"We have changed our approach from the" traditional budget "to the" balanced projects and performance directive "will not be easy, and this approach is new to us, and so far we do not have the individual and institutional capabilities necessary to formulate a real" budget projects and performance "contribute to the guidance of our resources To the real need for them with a clear vision on how to translate the budgeted costs into concrete results. "
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