The UAE Ministry of Finance (MoF) has announced receiving the federal budget draft for 2021 from federal entities through its automated budget preparation system, which was fully developed, and for the first time, remotely in compliance with the social distancing rules imposed by the spread of the coronavirus around the world. 

 

This announcement comes as part of the forward-looking and proactive steps taken by the ministry to keep up with the digital revolution, in accordance with the UAE Vision 2021 and the UAE mGovernment Initiative, said a statement. 

 

Saeed Rashid Al Yateem, Assistant Under Secretary of Resource and Budget Sector, praised the efforts and dedication of all employees in accomplishing and performing the tasks entrusted to them with the required efficiency, allowing the federal budget draft for the year 2021 to be submitted to the competent higher authorities in the specified dates in accordance with the constitution and the law.

 

He said: “The Ministry of Finance has achieved during the past years a qualitative shift in updating and conducting a comprehensive development of financial electronic systems, in accordance with the directions of our wise leadership and in in line with the transition to a smart government. This is to conveniently ensure thar the best services to all customers and strategic partners and to improve the quality of services provided to federal entities that use the automated budget preparation system.”  - TradeArabia News Service