MoF organises workshop on govt balance sheet preparation

The workshop in collaboration with the IMF, aims to strengthen the technical capabilities of UAE government entities in processing and managing financial data

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The Ministry of Finance, in collaboration with the International Monetary Fund (IMF), organised a specialised workshop titled “Preparing the Government Balance Sheet According to the GFSM 2014 Guidelines” in Dubai.

The event brought together representatives from the Ministry of Finance, the Central Bank of the UAE, the Federal Competitiveness and Statistics Centre, and local financial departments nationwide.

Delivered over four days by IMF experts, the workshop aimed to strengthen the technical competencies of government staff and enhance their ability to accurately collect, process, and publish government financial data.

It also aimed to support the institutional cooperation and coordination among relevant authorities and benefit from the IMF expertise to enhance the quality of financial data and boost transparency as well as competitiveness at both regional and international levels.

Saeed Rashid Al Yateem, Assistant Under-secretary for Government Budget and Revenue Sector at the Ministry of Finance, stated that organising the workshop reaffirms the UAE's commitment to constantly developing public financial statistics by not only adopting international standards but also providing a specialised training environment to enhance government entities' readiness for accurate and transparent balance sheet reporting.