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Showing results for tags 'unified treasury account system (π§π¦π)'.
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Finance holds a consultative meeting to implement two systems...and reveal their benefits Time: 05/12/2022 14:23:51 Reading: 845 times {Economic: Al Furat News} The Ministry of Finance held, today, Saturday, a consultative meeting on the application of the integrated financial management systems and the unified treasury account. And the ministry said in a statement that {Euphrates News} received a copy of it, that βMinister Ali Allawi held a consultative meeting on the requirements for designing and implementing the unified treasury account system π§π¦π, in the presence of the Undersecretary Taif Sami, the Director General of the Accounting Department and the representative of the General Secretariat of the Council of Ministers, in addition to the stakeholders in the Ministry Finance, the Ministry of Planning, the Central Bank of Iraq, the Financial Supervision Bureau, and the general managers of Rafidain, Rasheed and π§ππ banks, with the participation of the project management team for the modernization of public financial management systems and the support team at the World Bank. During the meeting, "a presentation was made on the preparation of requirements for the design, implementation and dissemination of the integrated financial management system (πππ ππ¦) and its direct relationship to the design and implementation of the unified treasury account system (π§π¦π) in a way that suits the nature of the financial and accounting system in Iraq, and the investment of support provided by international organizations and the International Monetary Fund was discussed. To complete the project, emphasizing the need to build the capabilities and skills of those working on the system. The system is "a means of linking all public government agencies and contains all functions of public financial management and financial and accounting operations that take place in all stages of budget preparation and implementation, starting from the strategic planning stage and ending with the accounting stage and submitting final accounts." The application of the system will also provide the achievement of several goals, the most important of which are: financial discipline, reducing errors, achieving efficiency and effectiveness in the use of government resources, in addition to providing accurate and timely data and information that pertain to all government financial information that helps provide services efficiently and effectively and raise the level of financial transparency, follow-up, control and accountability. finance, as well as increasing the ability to properly plan government cash flows. The process of initiating the implementation of the system comes within the framework of the financial and economic reform project, represented in the white paper, with the aim of shifting towards integrated financial and accounting management, which is consistent with internationally approved programs and systems. -
ERBIL (Kurdistan 24) β Kurdistan Region Prime Minister Masrour Barzani discussed opportunities to implement joint projects with the private sector in the region with a delegation from the International Finance Corporation (IFC) on Monday. During the meeting, the delegation presented a summary of the IFC's work and activities. The institution is a member of the World Bank Group. The delegation also praised the efforts made by Prime Minister Barzani's Kurdistan Regional Government (KRG) ninth cabinet to carry out reform in various sectors. They also discussed enhancing prospects for coordination and cooperation with the KRG, in addition to opportunities to implement joint projects with the Kurdistan Region's private sector.
