Salalah— The Ministry of Finance evaluated several significant projects and initiatives, such as the Unified Government Financial System (Maliyah), the Unified Treasury Account, the National Register of Government Assets, the Program and Performance Budgeting application, the Government Services Pricing Project, as well as the Public Expenditure Control Initiative, the Beneficiary Services System, along with the revision of the bay-law related to the Financial Law.
This evaluation occurred during a forum hosted by the Ministry of Finance today at the Millennium Hotel in Salalah, situated in the Dhofar Governorate, with the purpose of showcasing its projects and programs.
Abdullah Salim Al Harthy, the Undersecretary of the Ministry of Finance, addressed the attendees, highlighting that the forum demonstrates the ministry's dedication to improving communication and institutional collaboration, further advancing its initiatives in line with Oman Vision 2040.
Such initiatives are vital in promoting sustainable and effective financial governance.
He noted that the Ministry of Finance has made considerable efforts in recent years to advance the financial system by initiating a range of strategic projects, which have played a key role in yielding positive results. These results include lowering the public debt-to-GDP ratio, diminishing dependence on external funding, and creating direct financial savings that bolster developmental spending priorities.
As part of the forum, there was a visual presentation dedicated to the ministry's major projects and initiatives, accompanied by a discussion involving participants from diverse organizations and institutions.
The purpose of the event was to enhance understanding of the Ministry of Finance's initiatives, which aim to boost the efficiency of public financial management through expenditure oversight, procedural governance, and heightened transparency.
