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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 "Treasury Single Account" is on the table of the Minister of Finance and the International Monet

    Rocky
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    • Post n°1

    The "Treasury Single Account" is on the table of the Minister of Finance and the International Monet Empty The "Treasury Single Account" is on the table of the Minister of Finance and the International Monet

    Post by Rocky Mon 08 May 2023, 4:49 am

    The "Treasury Single Account" is on the table of the Minister of Finance and the International Monetary Fund

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    Baghdad today - Baghdad
    Finance Minister Taif Sami discussed today, Sunday, with International Monetary Fund experts, the application of the Treasury Unified Account (TSA), which would include sub-systems such as budget preparation, procurement and payment systems, payroll system, revenues and cash management.
    And the Ministry of Finance stated, in a statement received by “Baghdad Today”, that Sami “chaired today, Sunday, the consultative meeting with the experts of the International Monetary Fund (MITAC) through visual communication channels regarding the requirements for designing and implementing the unified treasury account system, in the presence of the Director General of the Accounting Department and the ministerial team concerned with the project. In addition to the participation of the general managers of the Al-Rafidain and Al-Aqari banks, the Iraqi Trade Bank, and representatives of the Al-Rasheed, Al-Sanaei, Agricultural and Al-Nahrain Islamic banks.
    According to the statement, the meeting discussed the “approved outputs during the previous period, and reviewed the next stages of implementing the TSA project according to the specified timelines and allocated costs, as well as examining the extent of the system’s response to the rest of the sub-systems such as preparing the general federal budget, procurement and payments systems, fixed assets, the salary system, and the revenue system.” cash management, etc.

    Sami indicated that "the ministry is keen to expand the use of technological solutions to ensure the sustainable modernization of financial systems, according to the latest international standards and experiences in line with efforts to face challenges and facilitate financing procedures in record times," explaining that "the application of the account will allow the possibility of monitoring the movement of funds into units." Spending and determining the remainder in the departments' accounts and restoring it for the benefit of the state treasury, as well as diagnosing the units that are still outside the salary settlement system, in addition to that the project will provide an accurate database that contributes to accounting operations, diagnosing errors and addressing them in real time.

    And the Minister of Finance indicated seeking to "agree with the support team at the World Bank on the participation of Iraqi cadres in expanded rehabilitation programs under the supervision of the World Bank, with the aim of enhancing the expertise and skills of cadres working on the account, and ensuring the success of its management with high professionalism and efficiency."
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    • Post n°2

    The "Treasury Single Account" is on the table of the Minister of Finance and the International Monet Empty Finance is discussing the application of the Treasury Single Account TSA with the experts of the Int

    Post by Rocky Mon 08 May 2023, 5:25 am

    Finance is discussing the application of the Treasury Single Account TSA with the experts of the International Monetary Fund

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    Economy News / Baghdad
    On Sunday, Finance Minister Taif Sami Muhammad discussed with a minister with experts from the International Monetary Fund (MITAC) the requirements for designing and implementing the single treasury account system.
    "The ministry is keen to expand the use of technological solutions to ensure sustainable modernization of financial systems, according to the latest international standards and expertise, in line with efforts to face challenges and facilitate financing procedures in record times," Sami said in a statement.
    And she explained that "the application of the account will allow the possibility of monitoring the movement of funds to the spending units and identifying the remainder in the departments' accounts and restoring it for the benefit of the state treasury, as well as diagnosing the units that are still outside the system of settlement of salaries, in addition to that the project will provide an accurate database that contributes to accounting operations and the diagnosis and treatment of errors momentarily.”
    And the Minister of Finance indicated seeking to "agree with the support team at the World Bank on the participation of Iraqi cadres in expanded rehabilitation programs under the supervision of the World Bank, with the aim of enhancing the expertise and skills of cadres working on the account, and ensuring the success of its management with high professionalism and efficiency."
    The statement indicated that "the meeting discussed the approved outputs during the previous period, and reviewed the next stages of implementing the TSA project according to the specified timelines and allocated costs, as well as examining the extent of the system's response to the rest of the sub-systems such as preparing the general federal budget, procurement and payments systems, fixed assets, the payroll system, and the system." Revenue, cash management, etc. 


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