Dr.
In accordance with the states’ strategy to deal with the negative effects of the current global economic crisis, he said, public spending has been reprioritized. Additionally, unused allocations have been distributed to administrative authorities in accordance with actual needs.
In order to achieve financial discipline and acquire treasury rights, the minister explained that we are eager to resolve financial entanglements between administrative authorities, liquidate government debt debts, collect government arrears, and develop new mechanisms for separating budget revenues, funds, special accounts, and units of a special nature.
The general public of the state, improving the management of public resources, reducing the budget deficit, lowering the ratio of public debt to GDP, and maintaining an improvement in the structure and rate of growth; This enables the creation of more job opportunities and encourages the advancement of humankind.
In order to begin legalising their conditions as of next January, he noted that the state level inventory of funds, special accounts, and units of a special nature had been completed. He also noted the need to create unified regulations for related activities in order to ensure the ethical and effective management of public funds.
To ensure the best possible use of public resources, the state’s financial governance needs to be strengthened.
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