The discussions coated the Executive Finance Statistics Guide 2014, public sector debt reporting, knowledge dissemination requirements and the will for more potent integration between fiscal knowledge and different macroeconomic signs.
Higher knowledge for coverage choices
The Ministry stated the workshop was once designed to strengthen institutional and technical features in compiling and disseminating govt monetary knowledge. The purpose is to beef up knowledge high quality, give a boost to consistency throughout govt finance and public debt statistics, and make stronger extra correct monetary making plans.
Saeed Rashid Al Yateem, Assistant Undersecretary for Executive Finances and Earnings Sector on the Ministry of Finance, stated the workshop displays the Ministry’s dedication to bettering the federal government monetary knowledge ecosystem and generating correct and dependable knowledge for making plans and decision-making.
He stated funding in those spaces is essential for fiscal sustainability and for strengthening the rustic’s readiness to care for converting financial stipulations.
Focal point on debt and financial transparency
The workshop tested the Executive Finance Statistics Guide 2014, together with its goals, analytical tables, institutional protection and govt monetary reporting ideas.
Members additionally reviewed Public Sector Debt Statistics, together with debt tools, sector classification, valuation ideas and the general public sector debt reporting framework.
The periods additionally coated knowledge dissemination requirements and financial transparency necessities, together with the Enhanced Common Information Dissemination Machine, the Particular Information Dissemination Usual, metadata necessities, reporting frequency and broader transparency ideas.
Linking key financial knowledge
A big a part of the workshop curious about bettering coherence between several types of macroeconomic knowledge. Those come with Executive Finance Statistics, Public Sector Debt Statistics, nationwide accounts, steadiness of bills statistics, financial and fiscal statistics and different financial datasets.
The Ministry stated more potent consistency between those datasets would make stronger the improvement of a extra built-in monetary and financial knowledge ecosystem.
The workshop additionally integrated sensible periods at the key findings and suggestions of the IMF technical venture, with discussions on knowledge demanding situations, gaps, reconciliation problems and proposed technical measures.
Roadmap for long run reporting
The Ministry stated the workshop helps a transparent roadmap for making improvements to the compilation of presidency finance and public sector debt statistics. The paintings will come with bettering knowledge protection and high quality, strengthening institutional coordination and development extra environment friendly processes for compiling and the use of monetary knowledge.
The initiative additionally helps evidence-based policymaking by means of serving to ensure that govt monetary knowledge are correct, complete and higher aligned with global reporting necessities.
Al Yateem stated the Ministry’s collaboration with the IMF displays its dedication to the use of global technical experience and strengthening coordination amongst related entities.
Those efforts, he stated, will assist beef up knowledge high quality and make sure larger consistency between monetary statistics and different macroeconomic datasets.
Nivetha Dayanand is Assistant Trade Editor at Gulf Information, the place she spends her days unpacking cash, markets, aviation, and the large shifts shaping lifestyles within the Gulf. Sooner than returning to Gulf Information, she introduced Finance Heart East, whole with a podcast and video collection.
Her reporting has taken her from breaking spot information to long-form options and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, IMF’s Jihad Azour, and an extended checklist of CEOs, regulators, and founders who’re reshaping the area’s financial system.
An Erasmus Mundus journalism alum, Nivetha has shared study rooms and newsrooms with reporters from greater than 40 international locations, which almost definitely explains her weak point for knowledge, context, and a just right follow-up query.
When she is clear of her keyboard (AFK), you’re possibly to search out her on the gymnasium with an Eminem playlist, bingeing One Piece, or exploring video games on her PS5.
