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[size=36]Finance: IFMIS will contribute to improving control over the accounts and not exceeding the appropriations in the budget[/size]
Economie| 02:34 - 02/26/2023
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Baghdad - Mawazine News
The Ministry of Finance announced, on Sunday, that the IFMIS modernization system project will provide several advantages, including improving control over accounts and not exceeding appropriations in the budget.
A statement by the ministry, received by Mawazine News, said, "Minister of Finance, Taif Sami Muhammad, chaired the coordination meeting with the steering committee to implement the IFMIS modernization system project."
The statement indicated, “The meeting was attended by the representative of the World Bank, Salam Maarouf, and the representative of the AARC consulting company, who is responsible for preparing bid documents to purchase the requirements of the system, in the presence of the directors of the budget, accounting, legal, administrative, and information technology departments in the ministry.”
He added, "During the meeting, a presentation was heard by the consulting company regarding the initial selection document to be published with the aim of attracting discreet companies to implement the system project, which in turn will contribute to increasing the speed of electronic communication of the Ministry of Finance with other ministries and institutions, and improving the process of monitoring financial accounts.” Not to exceed the financial appropriations established in the budget.
He continued, "The new system also provides a safe and integrated information environment for financial management operations in a way that allows for a safe transmission of information between ministries and government departments, and secures an integrated environment in which information is available in a timely and Accurate manner to all concerned parties regardless of their geographical locations. Ended 29/N33
The Ministry of Finance announced, on Sunday, that the IFMIS modernization system project will provide several advantages, including improving control over accounts and not exceeding appropriations in the budget.
A statement by the ministry, received by Mawazine News, said, "Minister of Finance, Taif Sami Muhammad, chaired the coordination meeting with the steering committee to implement the IFMIS modernization system project."
The statement indicated, “The meeting was attended by the representative of the World Bank, Salam Maarouf, and the representative of the AARC consulting company, who is responsible for preparing bid documents to purchase the requirements of the system, in the presence of the directors of the budget, accounting, legal, administrative, and information technology departments in the ministry.”
He added, "During the meeting, a presentation was heard by the consulting company regarding the initial selection document to be published with the aim of attracting discreet companies to implement the system project, which in turn will contribute to increasing the speed of electronic communication of the Ministry of Finance with other ministries and institutions, and improving the process of monitoring financial accounts.” Not to exceed the financial appropriations established in the budget.
He continued, "The new system also provides a safe and integrated information environment for financial management operations in a way that allows for a safe transmission of information between ministries and government departments, and secures an integrated environment in which information is available in a timely and Accurate manner to all concerned parties regardless of their geographical locations. Ended 29/N33
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