The Ministry of Finance in Muscat has introduced a new guide titled "Budget of Programmes and Performance" today. This guide marks a significant advancement in the realm of public finance management in Oman.
The main objective is to enhance the effectiveness of public expenditure and ensure that budgets allocated to various government entities yield the desired results. The guide aligns with the goals, programs, and activities aimed at implementing the State Budget in a detailed manner.
Key components of the guide include performance measurement criteria and decision-making support systems. It covers financial instruments and sophisticated financial analysis techniques related to budget performance, all to be implemented within a medium-term financial framework.
Furthermore, the guide outlines procedures for budget implementation, report drafting, and account auditing in detail. It serves as a comprehensive roadmap for all government departments.
