Al-Sudani issues directives related to the unified treasury account

[yota691]

Finance is discussing with the International Monetary Fund the application of the single treasury account

Policy

May 7, 2023 | 09:41

 

 

153 views

 

Today, Sunday, the Ministry of Finance discussed with the International Monetary Fund the application of the single treasury account.

A ministry statement received by Alsumaria News stated, "Today, Minister of Finance, Taif Sami Muhammad, chaired the consultative meeting with experts of the International Monetary Fund (MITAC) through visual communication channels regarding the requirements for designing and implementing the unified treasury account system 𝗧𝗦𝗔, 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 Rafidain and Real Estate Banks and the Iraqi Trade Bank, and representatives of the Al-Rasheed, Industrial, Agricultural and Al-Nahrain Islamic banks.

 

 

The meeting discussed the "approved outputs during the previous period, and a review of 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 payment systems, fixed assets, the salary system, the revenue system, cash management, and others." ".

The minister 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 expertise, in line with efforts to face challenges and facilitate financing procedures in record times."

And she explained that "the application of the account will allow the possibility of monitoring the movement of funds to the spending units 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 and the diagnosis and treatment of errors." momentarily.”

And the Minister of Finance stated, "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."

[6ly410]

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

Economy | Today, 16:45 | 

    "Unified Treasury Account" on the table of the Minister of Finance and the International Monetary Fund » Baghdad News Agency Today (baghdadtoday.news)

 

Baghdad Today - Baghdad

Finance Minister Taif Sami discussed on Sunday with IMF staff the application of the Unified Treasury Account (TSA), which would include subsystems such as budget preparation, procurement and payment systems, payroll and revenue systems, and cash management.

The Ministry of Finance said in a statement received by "Baghdad Today", that Sami "chaired on Sunday the consultative meeting with the experts of the International Monetary Fund (METAC) via visual communication channels on the requirements for the design and application of 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 Rafidain and real estate banks and the Iraqi Trade Bank, and representatives of the banks of Rashid, industrial, agricultural and Nahrain Islamic. "

According to the statement, the meeting discussed "the outputs approved during the previous period, and reviewed the next stages of the implementation of the TSA project according to the specified time frames and allocated costs, as well as discussing the extent of the system's response with the rest of the subsystems such as preparing the general federal budget, procurement and payment systems, fixed assets, payroll system, revenue system, cash management, and others."

 

Sami pointed out that "the ministry is keen to expand the use of technological solutions to ensure the sustainable modernization of financial systems, in accordance with 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 to the spending units and identifying the remaining in the accounts of the departments and restoring it for the benefit of the state treasury, as well as diagnosing the units that are still outside the salary localization system, in addition to that the project will provide an accurate database that contributes in accounting processes and diagnosing errors and addressing them in real time."

 

The Minister of Finance indicated that it seeks to "agree with the support team at the World Bank on the participation of Iraqi cadres within 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."

[6ly410]

Finance Ministry discusses TSA application with IMF staff

Economic News - Finance discusses the application of the Unified Treasury Account (TSA) with IMF staff (economy-news.net)

Economy News / Baghdad

Finance Minister Taif Sami Mohammed discussed on Sunday with the International Monetary Fund (IMF) experts the requirements for designing and implementing the unified treasury account system.

Sami said in a statement that "the ministry is keen to expand the use of technological solutions to ensure the sustainable modernization of financial systems, in accordance with the latest international standards and experiences, in line with efforts to face challenges and facilitate financing procedures in record times."

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 remaining in the accounts of the departments and restoring it for the benefit of the state treasury, as well as diagnosing the units that are still outside the system of localization of salaries, in addition to that the project will provide an accurate database that contributes to accounting processes and diagnosing errors and addressing them in real time."

The Minister of Finance indicated seeking "an agreement with the support team at the World Bank on the participation of Iraqi cadres within 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 pointed out that "the meeting discussed the approved outputs during the previous period, and reviewed the next stages of the implementation of the TSA project according to the specified time frames and allocated costs, as well as discussing the extent to which the system responds to the rest of the sub-systems such as preparing the general federal budget, procurement systems, payments, fixed assets, payroll system, revenue system, cash management, and others."

Views 19

Added 2023/05/07 - 4:51 PM

[yota691]

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

 

money and business
   

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 the 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 recovering 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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Views 18

Added 05/07/2023 - 4:51 PM

[southbeach]

Article of the day here.  

[Laid Back]

Treasury Single Account means a banking arrangement for the consolidation of government financial resources in one bank account or multiple bank accounts linked to one main account through which the government transacts all its receipts and payments on daily, weekly and monthly basis.

 

Go CBI

Go new monetary policy 

Go Stronger Dinar $1+

[ronscarpa]

To monitor state funds.. Sami is discussing with the International Monetary Fund the application of the single treasury account

 

 

2023-05-07 // 07:11

 

Shafaq News/ The Iraqi Minister of Finance, Taif Sami, discussed with IMF experts, on Monday, the possibility and steps to design and implement the Treasury Unified Account System (TSA).

 

This came during Taif Sami's presidency of the consultative meeting with the experts of the International Monetary Fund (MITAC) through visual communication channels, according to a statement received by Shafaq News agency.

 

According to the statement, the meeting was attended by 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 Rafidain and Real Estate Banks and the Iraqi Trade Bank, and representatives of the Al-Rasheed, Industrial, Agricultural and Al-Nahrain Islamic Banks.

 

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 the allocated costs.

 

The meeting also discussed the extent to which the system responds to the rest of the sub-systems such as preparing the general federal budget, procurement and payments systems, fixed assets, the salary system, the revenue system, cash management and others.

 

Sami said, according to the statement, 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 expertise, in line with efforts to face challenges and facilitate financing procedures in record times."

 

She explained that "the application of the account will allow the possibility of monitoring the movement of funds to 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 salary settlement system."

 

And the Minister of Finance pointed out that "the project will provide an accurate database that contributes to accounting processes, diagnosing errors and addressing them in real time," stressing the endeavor to "agree with the support system" rel="">support team at the World Bank on the participation of Iraqi cadres in expanded rehabilitation programs under the supervision of the bank, with the aim of enhancing the expertise and skills of working cadres." account, and ensure the success of its management with professionalism and high efficiency.

 

https://shafaq.com/ar/اقتصـاد/لمراقبة-موال-الدولة-سامي-تبحث-مع-النقد-الدولي-تطبيق-حساب-الخزينة-الموحد

[yota691]

The Minister of Finance stresses the need for ministries to adhere to their expenditures and not exceed them

• Time: 05/14/2023 23:18:01
•  
• Read: 2,262 times

  

{Economic: Al Furat News} The Minister of Finance, Taif Sami, stressed the need for ministries to adhere to their expenditures and not exceed them.

A statement by the Ministry of Finance, which {Euphrates News} received a copy of, stated that Sami "chaired, today, Sunday, the consultative meeting regarding the requirements for designing and implementing the unified treasury account system 𝗧𝗦𝗔, 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 representatives of the Central Bank of Iraq, And the general managers of Al-Rafidain and Al-Aqari Banks, and the Iraqi Trade Bank, and representatives of Al-Rashid, Al-Sanaei, Agricultural and Al-Nahrain Islamic banks.
The statement added, "The outputs approved during the previous meeting were discussed, and the requirements for the next phase of implementing the TSA project were reviewed, according to the specified timelines and the allocated costs."
The Minister of Finance referred to "a package of measures and procedures that the Ministry is working on to control the movement of financial accounts to include various sectors and agencies, and to determine the accuracy of the financial statements, in addition to moving towards updating financing accounts and doubling efforts to control and audit them."
She added that "the system will contribute to improving the quality of financial statements of banks within the framework of applying international standards in auditing, control, transparency and risk management."

[screwball]

discussing means it has happened which is good! good things to come

[6ly410]

Details of a meeting on the unified treasury account chaired by the Minister of Finance

Finance Minister Taif Sami Mohammed chaired on Monday a meeting on the Unified Treasury Account (TSA).

According to a statement by the Ministry of Finance, "Finance Minister Taif Sami Mohammed chaired a meeting today in the presence of the Director General of Accounting, the chairman and members of the supporting committee for the implementation of the unified treasury account, representatives of government banks, representatives of the Financial Supervision Bureau, the Central Bank of Iraq and the Iraqi Trade Bank, to discuss the requirements for designing and implementing the unified treasury system."

The statement added that "the meeting discussed plans to reform the public finance sector through the application of the unified treasury account, which represents a qualitative leap in the management of public funds, as the project will allow the possibility of monitoring the movement of funds and their safety."

In the meeting, Sami stressed "the need to continue the ministry's efforts through the committees formed for the purpose of implementing the system to complete the steps of the project, which represents one of the pillars of developing the ministry's policy towards reforming the financial sector and the optimal application of the stages of the unified treasury account project."

The statement continued, "This comes in line with what came in the government curriculum, which aims to achieve financial and administrative reform and modernize capabilities in state institutions, and in application of the ministerial curriculum prepared by the ministry in order to keep pace with financial and economic progress through the implementation of procedures related to the adoption of the unified treasury account."

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Views 71

Added 2023/08/07 - 5:39 PM

[T B]

send TRUMP over there and fix it  within 24 hours!  ☺️

[horsesoldier]

Big Chunk O Crooks under one roof, what could possibly go wrong ???

[gregp]

2 hours ago, T B said:

send TRUMP over there and fix it  within 24 hours!  ☺️

I think you made Jaygo unhappy 😂😂

[Jaygo]

1 hour ago, gregp said:

I think you made Jaygo unhappy 😂😂

No bro I’m good! Just not a Trump fan. 

[Laid Back]

Big Step Forward.
 

The unified treasury account is an essential tool for government cash management.

It give the ministry of finance oversight of all government cash flow and it brings improvements in budget control. 
 

 

 

 

 

[T B]

jaygo has alot to learn! oh yes! bet!  be blessed !😀

[gregp]

I’ve been hit & run by obummers boy. The famous Utah Rock. 
Thanks for the neg   
 

[yota691]

Al-Sudani directs an amendment to the electronic payment system No. 3 of 2014

2023-08-09 09:20

 

Shafaq News/ The Prime Minister, Muhammad Shayaa Al-Sudani, directed, on Wednesday, to amend the electronic payment system, and to adopt the Office of Financial Supervision as an electronic receipt document as an alternative to the paper one, as part of the economic reforms.

 

Al-Sudani's media office stated, in a statement received by Shafaq News agency, that the latter chaired a meeting to follow up the completion of the unified treasury account and electronic payment procedures at points of sale (POS).

 

The Prime Minister emphasized that these steps come within the government's efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to anti-corruption measures and limiting the ability of corrupt people to exploit loopholes.

 

Al-Sudani directed an amendment to the electronic payment system No. 3 of 2014, as well as the adoption of the electronic payment document by the Financial Supervision Bureau as a substitute for the paper receipt, as part of a series of procedures towards employing and approving electronic payment at POS points of sale in an expanded manner, in the public and private sectors.

[6ly410]

Prime Minister: The unified treasury account will be an added contribution to anti-corruption measures

 

•  Today, 16:19

Baghdad - Prime Minister Mohammed Shia al-Sudani
said on Wednesday that the unified treasury account will be an added contribution to anti-corruption measures.

The Media Office of the Prime Minister, in a statement received by the Iraqi News Agency (INA), said that "Prime Minister Muhammad Shia Al-Sudani, chaired on Wednesday, a meeting to follow up on the completion of the unified treasury account and electronic payment procedures at points of sale (POS)."
The statement added that "during the meeting, they reviewed the progress made in completing the unified treasury account, and the subsequent positive indicators that reflected on the national financial and banking system."
Al-Sudani stressed, according to the statement, that "these steps come within the government's efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to measures to combat corruption and reduce the ability of corrupt people to exploit loopholes."
He directed that "an amendment be made to the electronic payment system No. 3 of 2014, as well as the National Audit Office to adopt the electronic receipt document instead of the paper receipt receipt, as part of a series of procedures towards employing and approving electronic payment at points of sale (POS) in an expanded manner, in the public and private sectors."

[6ly410]

Sudani issues directive on electronic payment

Economic News Agency - Sudanese issues a directive regarding electronic payment (economy-news.net)

 

 

Economy News - Baghdad

Prime Minister Mohamed Shia Al-Sudani chaired, on Wednesday, a meeting to follow up on the completion of the unified treasury account and electronic payment procedures at points of sale (POS).

During the meeting, according to a statement by the Sudanese office, "they reviewed the progress made in completing the unified treasury account, and the subsequent positive indicators reflected on the national financial and banking system."

"These steps are part of the government's efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to anti-corruption measures and reduce the ability of corrupt people to exploit loopholes," al-Sudani said.

Al-Sudani directed "an amendment to the electronic payment system No. 3 of 2014, as well as the adoption of the electronic receipt document by the National Audit Office as an alternative to the paper receipt receipt, as part of a series of procedures towards employing and approving electronic payment at points of sale (POS) in an expanded manner, in the public and private sectors."

 

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Views 23

Added 2023/08/09 - 4:27 PM

[6ly410]

 

 

[yota691]

Al-Sudani: The unified treasury account will contribute to anti-corruption measures

 

August 9, 2023

Baghdad / Obelisk Al-Hadath: Prime Minister Muhammad Shia'a Al-Sudani affirmed that the unified treasury account will be an added contribution to the anti-corruption measures.

The media office of the Prime Minister stated, in a statement received by Al-Masalla, that the Prime Minister, Muhammad Shia'a Al-Sudani, chaired a meeting to follow up on the completion of the unified treasury account and electronic payment procedures at POS points of sale.

The statement added that during the meeting, they reviewed the progress made in completing the unified treasury account, and the subsequent positive indicators that are reflected in the national financial and banking system.

Al-Sudani stressed, according to the statement, that these steps come within the government's efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to anti-corruption measures and limiting the ability of corrupt people to exploit loopholes.

He directed an amendment to the electronic payment system No. 3 of 2014, as well as the adoption of the electronic receipt document by the Financial Supervision Bureau as a substitute for the paper receipt, as part of a series of procedures towards employing and approving electronic payment at POS points of sale in an expanded manner, in the public and private sectors.

[yota691]

Al-Sudani: The unified treasury account contributes to anti-corruption measures

The first  2023/08/10

 

 

 Baghdad: morning

 

Yesterday, Wednesday, Prime Minister Muhammad Shia'a al-Sudani considered the treasury's unified account an added contribution to anti-corruption measures, while he launched the Rustamiya and Nusour Square expansion projects.

 

Al-Sudani said, while chairing a meeting to follow up on the completion of the unified treasury account and electronic payment procedures at points of sale (POS): “These steps come within the government’s efforts to implement financial and banking reforms, and the unified treasury account will be an added contribution to anti-corruption measures and limiting the ability of corrupt people to Exploiting loopholes.

 

Al-Sudani directed that “an amendment be made to the electronic payment system No. 3 of 2014, as well as the approval of the electronic payment document by the Financial Supervision Bureau as a substitute for the paper receipt, as part of a series of procedures towards employing and approving electronic payment at points of sale (POS) in an expanded manner, in the public sectors.” and private.”

 

In this regard, the Prime Minister pointed out, upon his launch, via a teleconference, of the work on the project to implement the bridges linking the Muhammad Al-Qasim Expressway with the Army Canal road from the Al-Rustamiya side, and the expansion of roads on both sides of the Army Canal, stating that it “includes the design, implementation and development of Al-Nusour Square through the construction of three tunnels.” for cars and two bridges.

 

Al-Sudani reaffirmed "the government's endeavor, since day one, to take practical steps towards services, due to the importance of this file for the citizen in terms of living, urban and health," noting that "services in the capital, Baghdad, represent a priority, especially with regard to traffic jams, which constitute a chronic problem." He pointed to "the availability of financial allocations in the three-year budget," explaining that "the projects to remove traffic jams are implemented for the first time in Baghdad, and their positive effects will appear after implementation."

 

He stressed that "the project includes tunnels and bridges, and there are many conflicts according to the maps, which requires the collaboration of all state institutions to find solutions and implement them, in a way that does not affect the level of required service, nor the pace of completion."

 

The Prime Minister directed "to complete the work within the timelines established in the contract, and according to the designs and specifications prepared, in a manner befitting the capital, Baghdad, and the importance of finding alternative ways to relieve the citizen's burden during implementation, in addition to the responsibility that rests with the Traffic Department in assisting technicians to ensure the smoothness of the road during implementation.”

 

He pointed out that "there will be continuous follow-up with the Ministry of Construction and Housing, the Municipality of Baghdad, the executing company and the security services present at the site in order to determine the work requirements."

 

The expansion project of Al-Nusour Square includes the construction of a tunnel with a length of 490 meters, linking Jordan Street and Al-Qadisiyah Street, and another tunnel with a length of 535 meters connecting Jaffa Street and Beirut Street. In addition to the construction of the Al-Nusour Bridge with a length of 890m and connecting Damascus Street and Muhammad Mahdi Al-Jawahiri Street, with the two approach bridges with a length of 300m, and a bridge for cars over the railway line with a length of 478m, linking Qahtan Square, passing through the Baghdad-Basra railway to the intersection of Umm Al-Tabul. The project includes widening the roads surrounding the work sites.

[yota691]

The single treasury account...a step in the right direction.

Articles
   

Economy News-Baghdad
How will the unified treasury account solve Iraq’s financial problems in light of the many difficulties and chronic challenges, including administrative and financial corruption, inefficient management of public money and waste in the state’s resources and its financial and economic institutions, in addition to all that, the most important challenge is the lack of a clear account for the proper management of state resources.

The application of the unified treasury account system will reduce corruption and will allow the Iraqi government to view the actual daily balance to determine government expenditures instead of distributing these expenditures to more than one account, as the central dealing with government bank account balances through the unified treasury account will enhance electronic practices in payment systems Collecting tax and customs revenues, controlling government spending, and identifying daily, weekly, monthly and annual revenues for all sectors of the state and its institutions instead of accounts specialized in each of these sectors.

 

The strange thing is that the government does not know the areas of spending and revenues, and the deal of the century is the best evidence and example of not knowing these revenues and they are linked to some of them. Institutions and personalities who exploited their information about these revenues with some loopholes, and tax funds were seized, amounting to $ 2.5 billion. .

In order to reduce these thefts, the government did well in the beginning by activating the unified treasury account, which requires great efforts in light of the knowledge of everyone that there are political, economic and governmental mafias that will hinder this project because it will expose them and reduce the possibility of thinking about large corruption operations similar to the theft of the century.

The unified treasury account is part of information systems solutions and is managed, monitored and followed up by the general accountant in the Iraqi Ministry of Finance and the central public treasury department. Therefore, opening separate accounts for state institutions and managing their affairs separately contributed to corruption and theft of public money.

 

It is noted that much of the daily revenues of taxes, customs and traffic The Department of Real Estate, Health and Education Revenues, the Capital Municipality and other institutions have their separate accounts and their realized revenues, and they take allocations from the general federal budget. With these revenues transparently, the Iraqi government will know the size of the revenues, and with follow-up and monitoring, corruption will be reduced to large extents, because it is unacceptable to spend a budget of up to 200 trillion dinars, and we do not get revenues for the state of up to 25%. We read that There are non-oil revenues of 11 trillion dinars, but the truth is that only one trillion dinars reach the state treasury, and the survival of reality in this way means the collapse of the Iraqi economy with any crisis affecting the prices of the exported oil. 

 

 In one of the seminars of the College of Administration and Economics, Al-Mustansiriya University, and in the presence of the speaker, Deputy Dr. Magda Al-Tamimi, she says, when auditing the accounts of the general federal budget, the amount of one billion Iraqi dinars, we do not count it from revenues or expenditures on the basis that this amount does not constitute or affect the total account, which is a small amount at a time. Al-Tamimi, when visiting the Japanese parliament, a cup of tea and one piece of organization in a bag (a piece of cloth) was presented as hospitality to a delegation traveling to the Japanese parliament. It was counted as expenditures for this parliament at the time.

 

I remembered the accounts of the State of Iraq, one billion Iraqi dinars, a small amount that is not counted in the revenues and expenditures of the general budget, and examples The similarities are many.

Accordingly, we find that the Sudanese engineer’s government’s step in establishing the unified treasury account is a step in the correct and beneficial direction. It is unacceptable for the state to budget within the limits of 200 trillion Iraqi dinars, and the revenues do not exceed one percent. Therefore, the implementation of the unified treasury account within the framework of developing the work of public finance should be accompanied by efforts, monitoring and follow-up. Sustainable, which sets the goal of efficient exploitation of public money and public financial management in a way that enhances control and follow-up, and this matter will reduce corruption and waste and achieve additional revenues that may reach 50% by reducing corruption and modifying the various administrative systems to become automated and electronic. 

The application of this system will reduce fraud and fraud on state funds, and the seizure documents will not be repeated, as happened in the theft of the century, through 247 checks that were disbursed by companies between the years 2021-2022. Therefore, the application of the unified treasury account system is inevitable and a necessity to get rid of a long period of time of waste and corruption. In order for the revenues to reach the public treasury properly, with determining the productivity of the institutions and their expenditures, and controlling the work of the public administration, this unified account will force the state institutions to transfer the revenues and disclose the expenditures clearly. The continuation of the state of administrative and financial corruption, the inefficiency of public money management, and the waste of economic resources. Emotions, the phenomenon of free riding, and the patriarchal economy do not build a state that might build a luxury for its downfall. It is in the interest of the state and society to control its annual revenues and expenditures.

What do we do when global demand for crude oil changes, what do we do when finding energy alternatives, what do we do when crude oil prices drop. 

The unified treasury account is an imperative condition for completing the digital transformation of managing public finances, information and financial data. Without this account, there is no control over the daily, weekly, monthly and annual cash flows, thus starting the implementation of this project, as well as adjusting the equality of governance, financial discipline, accountability and transparency. 

In addition to the foregoing, we recommend the use of state experiences with regard to the public treasury account, especially the Japanese experience, and proceeding with the application of this project with the electronic financial management project, following up the implementation of the electronic payment project, as well as automating work in the General Authority for Taxes and the General Authority for Customs, and following up on real estate fees funds, health and education revenues, the Capital Secretariat, and others. Other government agencies and agencies.

 

Assistant Professor Dr. Sadiq Al-Bahadli, 
College of Administration and Economics, 
Al-Mustansiriya University 

 

 

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Views 93

Added 08/10/2023 - 2:00 PM

[yota691]

Al-Mandalawi calls for expediting the completion of the final financial accounts for the previous years

• Time: 08/21/2023 18:39:37
•  
• Read: 832 times

  

{Local: Al Furat News} First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, received today, Monday, the head of the Bureau of Financial Supervision, Ammar Subhi Al-Mashhadani; To discuss a number of files and laws related to the work of the Bureau, and ways to activate its oversight role during the current and coming period.

 

Al-Mandalawi stressed, according to his office’s statement, of which {Euphrates News} received a copy, the need to implement proactive control operations, to combat financial and administrative corruption to preserve public money, and to follow up on the measures taken by the Bureau Order Committee No. (50) of 2019 regarding the recovery of real estate. The transgressed state in Baghdad and the provinces, and the adoption of the standard of professionalism and competence in selecting the people who manage this important file.

 

During the meeting, he expressed "the parliament's support for the work of all oversight institutions, by issuing legislation and decisions that enhance the tasks and duties entrusted to it."
 
Al-Mandalawi called for "the importance of completing the final financial accounts for the previous years, and coordinating with the House of Representatives and its concerned committees to achieve integration in the oversight aspect, in a way that contributes to striking corruption and its supporters and preserving the people's goods, and to consider the possibility of allocating a number of job grades to the Bureau in coordination with the Federal Service Council according to a committee Choosing a specialist formed by the Office of Financial Supervision.