[size=36]Finance Minister: The white paper will set the main steps for preparing budgets for the coming years[/size]
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, Minister of Finance, Ali Abdul-Amir Allawi, confirmed, on Sunday, that the white paper will set the main steps for preparing budgets for the coming years.
A statement by the ministry, which Mawazine News received a copy of, stated that "the Minister of Finance, Ali Abdul Amir Allawi, chaired, today, at the ministry's headquarters, a session to follow up the implementation of the reform projects of the "white paper" in the presence of the Executive Director of the Economic Reform Committee Alaa Al-Saadi and the Undersecretary of the Ministry Taif Sami Advisors to the Minister of Finance and the Ministry's general managers
The statement added that "the meeting discussed the reform axes identified by the white paper represented by the public financial management and financial information systems, as part of its steps, which are among the important steps to achieve sustainable financial stability and give an opportunity to achieve other structural reforms."
He continued, "The meeting discussed the implementation of the integrated financial information management system project, which will contribute to increasing the speed of electronic communication for the ministry and the rest of the ministries in order to provide accurate information and will enhance the supervisory role on financial accounts and not exceed the financial appropriations established in the budget, in addition to facilitating the process of implementing the program and performance budget."
The minister said, "The application of the financial management system and the information management system will enhance the state's access to the necessary funds and control government spending, which will lead to spending these funds efficiently and effectively in accordance with the state's financial policy."
Allawi indicated, "The continuing follow-up to the content of the white paper to reform the financial and economic affairs, which will set the main steps for preparing budgets for the coming years." Ended 29/A43