Al-Sudani directs the adoption of the main electronic account for the settlement of financial operations

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Al-Sudani directs the adoption of the main electronic account for the settlement of financial operations

November 23, 2023

 

Prime Minister Mohamed Shia Al-Sudani directed the adoption of the main electronic account branched to solve the problem of settling government financial operations.

A government source told Al-Sumaria News, "The Prime Minister Mohamed Shia Al , SudaniHe directed the adoption of the main electronic account to solve the problem of settling government financial operations and collecting electronic payments from beneficiaries, including collecting funds and increasing the transparency of their movement, noting that this account will ensure the settlement of transactions on the same working day and increase the government's ability to monitor public money.

He added, "The directives were issued to
Ministry of Finance by instructing government institutions (tunnel units) to implement this with the banks holding their official accounts."

 

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Treasury Single account; A unified structure of government bank accounts, where all government account balances are accumulate to show the movement of net revenues and expenses. This would lead to the optimal use of government cash resources.

 

- Facilitation of Financial Control Process.

- Ensure effective financing.

- Improve monetary forecasts.

- Enhance transparency.

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