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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Sudanese government is preparing for the unified treasury system.. It regulates spending and cur

    Rocky
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    The Sudanese government is preparing for the unified treasury system.. It regulates spending and cur Empty The Sudanese government is preparing for the unified treasury system.. It regulates spending and cur

    Post by Rocky Sun 05 Mar 2023, 2:16 pm

    [size=38]The Sudanese government is preparing for the unified treasury system.. It regulates spending and curbs corruption[/size]


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    March 5, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: In an important step on the road to organizing financial policy and developing its mechanisms, the office of the Iraqi Prime Minister, Muhammad Shia' al-Sudani, announced the implementation of the "unified treasury account" system, in coordination with those responsible for monetary and financial policy.
    The project aims to end corruption and chaos in spending, and to provide real information about the amount of expenditures, which are distributed over large numbers of accounts, which makes auditing difficult and provides wide opportunities for manipulating public money.
    The unified treasury system provides centralization in monitoring government bank account balances.
    Iraqi institutions used to have their own accounts, which they controlled separately.
    The International Monetary Fund emphasized that the “sound financial framework” in Iraq is “a critical element in overcoming economic challenges,” as “policy makers should carefully find a balance between the goals of saving exceptional and unexpected oil profits, in order to enhance the ability to withstand in the face of The volatility of oil prices in the future, the increase in social spending is very important, and spending on public investments, while gradually reducing the level of dependence on oil.
    He added, in a statement, at the end of last December, that “the implementation of the public finance framework … must be accompanied by sustainable efforts,” which include “raising the efficiency of public financial management, especially by establishing the unified treasury account, and implementing the Integrated Financial Management Information System (IFMIS), urgently, in addition to strengthening control over potential contingent liabilities and liabilities.
    The Iraqi economic expert, Salam Sumaisem, attributed Iraq’s delay in implementing this system to “the multiplicity of decision-making bodies in Iraq, and the fragmentation of powers in some years.”
    And if the unified treasury system is implemented, it will control public spending.
    Prime Minister Muhammad al-Sudani said the unified treasury account system would contribute to reducing corruption.
    And the journalist Ahmed Ali talks about the weakness of the financial policy in Iraq, but rather it is almost missing, forming a knot before approving the budget in light of the price of the dinar, and a barrel of oil pending resort to the financial management system or law.
    Ali al-Rubaie, who is interested in Iraqi affairs, also talks about that working on the electronic platform is the real challenge for the success of financial policy, and one of the most important ways of success is the approval of the money settlement law for all importing companies, communications, and Iraqi and foreign investors, considering that all of these must have bank accounts in Iraq.
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