Arab Today, arab today dubai launches smart fiscal planning
Last Updated : GMT 23:18:35
Arab Today, arab today
Arab Today, arab today

Dubai launches smart fiscal planning

Arab Today, arab today

Arab Today, arab today Dubai launches smart fiscal planning

Dubai - WAM

Dubai Government's Department of Finance has officioally launched a landmark initiative aimed at strengthening and automating the emirate's fiscal planning and budgeting processes and transitioning Dubai Government to performance based budgeting. The Smart Fiscal Planning Program, which is expected to result in savings in hundreds of millions of Dirhams, has been sponsored by HH Sheikh Ahmed bin Saeed Al Maktoum, the Chairman of Dubai Government's Supreme Fiscal Committee, and falls within the framework of the Smart Government initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The program is representative of the strategic direction that will be taken by Dubai Government and is an expression of the vision of the Department of Finance, which seeks to enhance the transparency of financial processes and support stable economic growth by increasing the efficiency and effectiveness of the administration of public funds. Abdulrahman Al Saleh, the Director General of the Department of Finance, said the Smart Fiscal Planning Program will save Dubai Government hundreds of millions of Dirhams in expenses, streamline processes and directly impact the achievement of the Department of Finance's vision of sound management of public finance. Furthermore, through efficient management of public resources, the program will enable the Department of Finance to move towards the achievement of its strategic objectives in accordance with Dubai's strategic plan and will strengthen the integrity and effectiveness of fiscal operations. Al Saleh emphasise the importance of the continuing professional development for all finance personnel across Dubai Government as a prerequisite for enduring growth and progress. The Department of Finance expects the Smart Fiscal Planning Program to result in substantial savings as it will increase the accuracy of projections, enabling the Department of Finance to link them to the strategic plans of government entities and to the overall strategic plan for the emirate of Dubai. Moreover, efficiencies in all stages of the planning and budgeting process that will result from the successful implementation of the program will translate into significant savings and increased transparency of all fiscal processes, enhancing the effectiveness of the administration of public funds. The program will address weaknesses in fiscal planning and budgeting processes and systems at Dubai Government entities and will link fiscal planning with strategic planning while transitioning Dubai Government to performance based budgeting. Budget processes will be automated using Oracle Hyperion Public Sector Planning and Budgeting application, the world's most advanced application for public sector strategic and fiscal planning. The new system will be implemented during the 2016 budget cycle, with a gradual transition to performance budgeting which will take place in accordance with a comprehensive plan for the transformation of Government-wide fiscal processes which spans several stages. The current contractual agreement covers two stages: current state assessment and future state design for fiscal and strategic planning and budgeting processes. The scope of the consultants' agreement with Dubai Government also includes detailed design of all significant elements of the future state, ranging from the assignment of relevant authorities to the design of relevant procedures and reports. Arif Ahli, Executive Director - Budget and Planning at the Department of Finance, and the Chairman of the Reform Program Steering Committee revealed that the launch of the Smart Fiscal Planning Program signifies the beginning of a total transformation of all fiscal planning, budgeting and strategic planning activities throughout Dubai Government departments which will enable the Department of Finance to optimise resource allocation and administration of public funds. The Department of Finance, which began preparations for the Smart Fiscal Planning Program in 2011, has appointed KPMG and PDP Consulting, specialists in public fiscal policy, fiscal planning and implementation of Oracle Hyperion, as its consultants for the program. The launch ceremony was attended by 40 government related entities, 300 fiscal and budget planners, partners of the Department including KPMG, PDP Consulting and Oracle.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai launches smart fiscal planning Arab Today, arab today dubai launches smart fiscal planning

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai launches smart fiscal planning Arab Today, arab today dubai launches smart fiscal planning

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday