Latest news with #MoF
Mid East Info
13-06-2025
- Business
- Mid East Info
MoF Organises Workshop on Cabinet Resolutions Related to Outsourcing and Instalment of Debt Collection from Federal Entities
Workshop aims to enhance collection efficiency and support financial sustainability across federal entities In a step aimed at enhancing the efficiency of debt collection and supporting financial sustainability across federal entities, the Ministry of Finance (MoF) organised a specialised workshop in Dubai to discuss the provisions of Cabinet Resolution No. (14) and Cabinet Resolution No. (15) of 2025, concerning the outsourcing and instalment of the collection of debts owed to federal entities. The workshop was attended by directors of financial and legal affairs from various federal entities, as well as representatives from the Ministry's Government Revenue and Legal Affairs departments. The session comes as part of the Ministry's ongoing commitment to supporting federal entities in their capacity as creditors and parties responsible for the collection of dues, and to familiarise them with the mechanisms and procedures that allow for greater flexibility in implementing these resolutions. This, in turn, contributes to improving the efficiency of financial collections and raising levels of compliance, in line with Federal Decree-Law No. (15) of 2024. H.E. Saeed Rashid Al Yateem, Assistant Undersecretary for the Government Budget and Revenue Sector at the Ministry of Finance said: 'This workshop reflects the Ministry of Finance's commitment to enhancing transparency and efficiency in managing federal financial resources by empowering entities to implement the Cabinet resolutions on debt collection in a flexible and financially governed manner. Implementing outsourcing and instalment mechanisms is an important step toward advancing the federal financial system and ensuring financial sustainability. At the Ministry, we are keen to provide full support to federal entities and equip them with the tools and mechanisms needed to ensure the swift and effective implementation of these resolutions, thereby strengthening confidence in the federal financial system.' The workshop featured a detailed explanation of the legal and regulatory frameworks related to the Cabinet Resolutions, in addition to discussions around proposed execution models for outsourcing and instalment. The session also addressed how to integrate these mechanisms into the financial systems and procedures of federal entities. Furthermore, it provided a platform to respond to participants' queries and facilitated knowledge exchange among the various concerned parties.
Al Etihad
12-06-2025
- Business
- Al Etihad
MoF graduates Emirati cadres specialised programmes in financial sustainability, accounting
12 June 2025 20:46 DUBAI (WAM)The Ministry of Finance (MoF) has organised a graduation ceremony for a group of federal government employees who successfully completed a series of specialised programmes and diplomas in financial sustainability and government accounting as part of the Financial Sustainability and Accounting Capacity Building programmes and diplomas aimed to enhance the participants' readiness for the future and promote best practices in financial management across federal ceremony was attended by the Assistant Undersecretary of Government Finance Management at the Ministry of Finance, Mariam Mohammed Hassan Al Amiri, President of the American University in Dubai, Dr. Kyle Long, and Executive Director, ACCA, Lucia Real Martin GAICD, as well as several department directors from the federal entities and representatives from international academic and professional Amiri stressed that the graduation of a distinguished group of federal government employees from specialised financial programmes and diplomas represents a significant milestone in the Ministry of Finance's journey to prepare qualified Emirati talent to lead the future of public financial management.'This achievement reflects the Ministry's ongoing commitment to developing human capital and equipping them with the tools and knowledge necessary to keep pace with the rapid development in accounting and public finance, in line with international best practices and standards,' she added, 'We are committed to providing an exceptional learning environment, in partnership with leading academic and professional institutions, to ensure the preparation of financial leaders capable of anticipating future trends and addressing challenges with efficiency and professionalism.'She further emphasised that these specialised programmes constitute a fundamental pillar in enhancing the financial governance framework, reinforcing the principles of accountability and sustainable digital transformation, and supporting the strategic objectives of the UAE Government in the field of public financial Dr. Long stressed that the successful completion of the Executive Diploma Programme in Government Financial Policy Sustainability by federal government employees is indeed a significant milestone in their professional added that this achievement reflects their strong dedication to driving the UAE's vision of a sustainable government financial system. Dr. Long also noted that the university is committed to strengthening its partnership with the Ministry of Finance to further support national talent in areas such as artificial intelligence, financial technology, and sustainable policy further said, 'The Executive Diploma Programme exemplifies precisely how universities like ours can meaningfully collaborate with government to build capacity, enhance skills, and ensure sustainability. It aligns with the UAE government's objectives of empowering national talent, enhancing financial efficiency, and advancing digital transformation and AI.'Martin said, 'ACCA is proud to partner with the UAE Ministry of Finance to honour public sector professionals who represent the future of public finance leadership in the UAE. Through ACCA's programme, participants have gained insights into financial management, governance, sustainability, and digital transformation, providing lifelong learning which is vital to staying ahead in a rapidly changing world.'The achievement is part of a comprehensive initiative launched by the Ministry of Finance to strengthen the financial and accounting sustainability capabilities of federal government initiative is implemented in strategic partnerships with leading academic institutions, both local and international, including the American University in Dubai, which hosts the Executive Diploma Programme in Government Financial Policy Sustainability, and the Association of Chartered Certified Accountants (ACCA), which delivers globally recognised certifications such as the Certificate in International Public Sector Accounting Standards, Certificate in Public Finance, and the Certificate in Sustainability for ceremony concluded with the honouring of graduates, celebrating their dedication and achievements and recognising their successful journey in acquiring specialised knowledge and practical event highlighted the Ministry of Finance's commitment to developing national talent capable of advancing the UAE's government financial system and embedding global excellence in public financial management.
Time of India
07-06-2025
- Politics
- Time of India
Guv Kataria reviews development projects
1 2 3 Chandigarh: A review meeting of various departments was held under the chairmanship of the governor Gulab Chand Kataria, to assess the progress of ongoing development projects, revenue generation, and expenditure management in the UT. The meeting also included a detailed discussion on infrastructure initiatives aimed at addressing the housing needs of govt employees. During the meeting, the finance secretary apprised that the ministry of finance (MoF) set specific targets for monthly revenue receipts and expenditure. Consequently, all departments were instructed to achieve these targets. Directions were issued to the administrative secretaries concerned to ensure strict adherence to these goals. The administrator also reviewed the present govt housing available for the employees of the Chandigarh administration. He directed the engineering department to ensure the timely and quality completion of the upgradation and renovation work of old govt housing units so that they can be allotted to employees without delay. The governor also reviewed various projects in the education and healthcare sectors. He was informed that the government school in Kajheri was complete, while the school in Karsan was at an advanced stage of completion. Sarangpur project is expected to be ready in the current year itself. The governor instructed that work on schools in Dhanas and Maloya should be started within this year. These institutions, located in the peripheral areas of Chandigarh, must be made functional at the earliest to ensure access to quality education for all. In the healthcare sector, the Mother and Child Care Centre at GMCH-32 and the MBBS hostel block in Sector 48, which are in progress, should also be completed within the timeline fixed. Additionally, the IT block is ready for use, and the girls' hostel in govt college, Sector 46, should also be completed within this year. The governor also emphasised the need to expedite the construction of the hostel block for Kurukshetra students at Punjab Engineering College, Chandigarh, and directed departments to speed up pending works to enable its use by the students. Recognising the growing demand for housing among UT employees, the administrator reiterated the need for swift construction of new housing units to meet accommodation requirements. In terms of police housing, it was noted that 240 houses for Chandigarh Police personnel were completed and will be handed over within the next three months. Kataria urged all departments to maintain momentum and adhere to project timelines so that essential infrastructure is delivered promptly and benefits reach the people without delay.
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Qatar Living
03-06-2025
- Business
- Qatar Living
State Budget Records QR 0.5 Billion Deficit in Q1 2025
The State of Qatar's general budget posted a deficit of QR 0.5 billion during Q1 2025 (January, February, and March), the Ministry of Finance (MoF) announced on Tuesday. In a statement published on its account on the social media platform X, MoF highlighted that the deficit was covered through debt instruments, according to the actual data for Qatar's budget performance in Q1 2025. The total revenues for Q1 2025 stood at approximately QR 49.4 billion, reflecting a 7.5 percent decrease compared to Q1 2024, the statement read. It clarified that these revenues comprised QR 42.5 billion in oil and gas revenues and QR 6.9 billion in non-oil revenues. The statement further noted that total public expenditure during Q1 2025 amounted to roughly QR 49.9 billion, registering a 2.8 percent decline compared to Q1 2024. The expenditure was allocated as follows: QR 16.9 billion for salaries and wages, QR 18.5 billion for current expenditures, QR 13.1 billion for major capital expenditures, and QR 1.2 billion for minor capital expenditures. The statement highlighted that the total value of government procurement contracts executed through tenders and auctions by public entities during Q1 2025 amounted to approximately QR 6.4 billion. Contracts awarded to foreign companies totaled around QR 1.5 billion, marking a 50 percent increase compared to Q1 2024. Overall, MoF stated that the top four sectors according to the Business Activity Index during Q1 2025 were municipality and environment, health, energy, and the General Secretariat of the Council of Ministers. --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
Qatar Tribune
03-06-2025
- Business
- Qatar Tribune
State budget records QR0.5 bn deficit in Q1 2025
DOHA: The State of Qatar's general budget posted a deficit of QR0.5 billion during Q1 2025 (January, February, and March), the Ministry of Finance (MoF) announced on Tuesday. In a statement published on its account on the social media platform X, MoF highlighted that the deficit was covered through debt instruments, according to the actual data for Qatar's budget performance in Q1 2025. The total revenues for Q1 2025 stood at approximately QR49.4 billion, reflecting a 7.5 percent decrease compared to Q1 2024, the statement read. It clarified that these revenues comprised QR42.5 billion in oil and gas revenues and QR6.9 billion in non-oil revenues. The statement further noted that total public expenditure during Q1 2025 amounted to roughly QR49.9 billion, registering a 2.8 percent decline compared to Q1 2024. The expenditure was allocated as follows: QR16.9 billion for salaries and wages, QR18.5 billion for current expenditures, QR13.1 billion for major capital expenditures, and QR1.2 billion for minor capital expenditures. The statement highlighted that the total value of government procurement contracts executed through tenders and auctions by public entities during Q1 2025 amounted to approximately QR6.4 billion. Contracts awarded to foreign companies totaled around QR1.5 billion, marking a 50 percent increase compared to Q1 2024. Overall, MoF stated that the top four sectors according to the Business Activity Index during Q1 2025 were municipality and environment, health, energy, and the General Secretariat of the Council of Ministers.
