SFD reviews best practices to enhance performance with Ajman

Enhancing benefits from government financial support and optimal resource utilization
The Sharjah Central Finance Department presented the procedures followed to raise recommendations for improving spending efficiency, with the goal of enhancing the departments' benefits from government financial support and achieving optimal resource utilization. The discussion also covered the preparation and approval mechanisms for financial policies that ensure alignment with the vision of Sharjah, highlighting the core components of financial policy and the criteria for determining them according to the emirate's strategic directions.

Implementing best financial practices and providing an integrated financial environment
Marwa Al Suwaidi, Director of the Budget Department at the Sharjah Central Finance Department, emphasized the department's commitment to developing and improving financial operations and monitoring government support for local entities in line with Sharjah Government directives and the emirate's ambitious vision. She stated, "Continuous cooperation with financial departments in the UAE is a key aspect of enhancing efficiency in financial performance, contributing to financial sustainability and economic growth. We are committed to applying best financial practices and providing an integrated financial environment that maximizes the benefit from available resources."

Participation in events and activities supporting financial stability and experience exchange
Ahmed Al Shammari, Acting Director of Government Budgets at the Ajman Finance Department, noted that the Ajman Finance Department is always striving to develop best financial practices that ensure effective resource allocation for the advancement of the emirate’s citizens and residents. He praised the collaboration with the Sharjah Finance Department and encouraged everyone to participate in events and activities that support financial stability and exchange successful experiences in the UAE.

Effective mechanisms to ensure financial sustainability and resource allocation
The meeting also addressed key financial indicators used to monitor the effectiveness of financial policy and evaluate its performance periodically. Discussions included the financial policy guidelines and how to manage reports to ensure efficient oversight of financial performance, utilizing financial technologies to enhance the stability of public finances.