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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

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    Advisor Mazhar Saleh: Adopting electronic payment will help unify the unified treasury system

    Rocky
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    Advisor Mazhar Saleh: Adopting electronic payment will help unify the unified treasury system Empty Advisor Mazhar Saleh: Adopting electronic payment will help unify the unified treasury system

    Post by Rocky Sun 05 Nov 2023, 2:20 pm

    [size=38]Advisor Mazhar Saleh: Adopting electronic payment will help unify the unified treasury system[/size]


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    November 5, 2023[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that adopting electronic collection and payment will help unify the unified treasury system.
    Saleh said that the state’s public finances are working in high harmony with the government program, to reorganize, compile and unify the accounts of spending or disbursement units in all ministries, regions and governorates, from the state of dispersion in the past to the state of integration and integration with an interconnected aggregate accounting system, within the government accounts within the banking system, pointing out. It is a proactive step towards achieving the single unified account for the treasury, or what is called the treasury unified account (TSA).
    He added that this step also aims to monitor financial transactions, flows, and existing government cash balances, moment by moment, in preparation for the next stage, which requires completing the complete electronic link between disbursement or public spending units, with a digital system called (ifmis), which means the Integrated Information and Financial Management System. It is the final advanced stage required by the unified treasury account system, and work is currently being done on it by the Financial Authority intensively and diligently.
    He explained that the adoption of electronic collection and payment systems will help unify the unified treasury system, specifically in the field of digital cash flows related to electronic collection and payment work, so that digital financial activities are immediately integrated with the unified collective government bank accounts.
    He continued: This will add a source of organizational strength and speed that will make the unified treasury account approach its role towards faster integration into the digital climate and electronic payment systems, which have taken their positive role in organizing, speeding and governing cash flows, in order to know the cash presence of public finances clearly and daily, in addition to facilitating... Financial oversight activity on trends in public money management.
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