Maktoum bin Mohammed announces MoF Strategic Plan 2023-2026
August 06, 2023 / 3:56 PM
Sharjah 24 – WAM: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, Sunday announced the launch of the Ministry of Finance’s Strategic Plan 2023-2026.
It is a roadmap to accelerate government performance through financial empowerment, sustainability, innovation, and future foresight, financial leadership and sustainable development.
The Ministry of Finance’s four-year strategy is in line with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the objectives of the UAE Centennial Plan 2071.
“We will develop and implement sustainable financial policies to promote economic growth, create a competitive business environment, strengthen international economic relations and build trust and transparency,” Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said.
The Ministry’s strategic plan include six values – building team spirit, achieving leadership and excellence, ensuring integrity and transparency, enhancing agility in financial work management, and achieving high level of wellbeing, and equality in work environment.
The Ministry of Finance’s Strategic Plan 2023-2026 includes three strategic goals. Firstly, enable financial performance excellence within the federal government through two initiatives – designing a public finance roadmap and strengthening analytical capabilities, and ensuring sound financial management.
Second, ensure fiscal sustainability for an inclusive future. This will be driven by two initiatives – managing public debt, and designing balanced tax policies that are aligned with local and international developments.
Thirdly, strengthen national financial resilience. Two initiatives will enable this goal – designing a framework for emergency response and recovery in finance, and developing a programme for cooperation with international ministries of finance in the field of public finance.