Sharjah 24: The Sharjah Finance Department (SFD) recently received a visiting delegation from the Ajman Department of Finance, with the aim of learning about the department’s experience in the field of public finance, its best applied practices, and approved smart applications in the field of financial collection and sustainability.
Implementing common strategic objectives and improving performance and level of services provided to clients
In this context, Marwa Al Suwaidi, Director of the Budget and Financial Planning Department at the Sharjah Finance Department, stressed the importance of holding mutual institutional visits with the aim of transferring experiences and knowledge, which contribute to implementing common strategic goals and improving performance and the level of services provided for the benefit of clients. Benchmarking visits also represent an ideal opportunity to enhance the success and development of partnerships with government entities at the federal and local levels.
She added: “Over the past years, the Sharjah Finance Department has succeeded in creating an ideal work environment based on the concepts of creativity and innovation, and adopting pioneering initiatives and projects to serve government and private institutions in the Emirate and abroad in terms of financial services and facilitating their requirements in the field of electronic collection and connectivity, as well as using the latest smart applications and advanced technological devices regarding financing and making or receiving financial payments, in addition to ensuring conservation of expenses and investment of resources with high efficiency and effectiveness.”
Exchanging experiences, knowledge, and best practices with government entities and departments concerned with financial affairs across the UAE
For his part, Khalifa Al Alili, Director of the Government Budgets Department at the Ajman Department of Finance, indicated that this visit comes within the framework of the department’s continuing efforts to consolidate cooperation and joint work and exchange experiences, knowledge and best practices with government entities and departments concerned with financial affairs at the level of the UAE, which contributes to continuously improving the efficiency of financial performance and achieving common strategic goals in supporting sustainable development and enhancing competitiveness, both at the level of the Emirate of Ajman and at the state level in general.
Al Alili praised the distinguished experience of the Sharjah Finance Department, stressing the importance of benefiting from its experience, especially with regard to the mechanism for preparing the financial plan and the general budget, and the systems used to achieve them, based on the department’s keenness to implement the latest global practices that support enhancing the efficiency of government spending and developing the financial system.
He highlighted that this achieves financial stability and provides added value to all concerned, in order to accomplish the vision of the Emirate and the UAE in raising the quality of life in the country and ensuring its sustainable future.
Reviewing Sharjah Finance Department procedures for preparing the financial plan and general budget
This visit comes within the framework of the memorandum of understanding concluded between the two sides, as the visit’s agenda included holding a meeting that included reviewing the procedures of the Sharjah Finance Department for preparing the financial plan and general budget, and following up on the implementation of this budget.
The Ajman Department of Finance delegation also learned about the systems used in preparing both the plan and the budget and the mechanism for monitoring the operation of these systems and the accuracy of their outputs, in addition to reviewing the performance indicators used, and the processes associated with managing budgets and digital inventory procedures.
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