By Staff Reporter
The UAE Ministry of Finance partnered with the International Monetary Fund (IMF) to host a specialised four-day workshop in Dubai focused on preparing the government balance sheet according to the GFSM 2014 guidelines.
This initiative brought together key government bodies, including the Central Bank, Federal Competitiveness and Statistics Centre, and financial departments across the country.
IMF experts led the sessions aimed at enhancing the technical skills of government staff to accurately collect, process, and publish government financial data. The workshop also fostered greater coordination among authorities to improve data quality, transparency, and competitiveness at regional and international levels.
Saeed Rashid Al Yateem, Assistant Undersecretary for Government Budget and Revenue Sector, emphasised that the workshop reflects the UAE’s ongoing commitment to advancing public financial statistics by adopting global standards and providing specialised training for government entities. He described the balance sheet as a critical tool for decision-makers, offering a clear view of government assets and liabilities to support effective resource allocation and financial planning.
The training covered key topics including the theoretical framework of government financial statistics, balance sheet components, and methodologies for compiling balance sheet reports. Discussions also included reviewing data sources, institutional and technical improvements, and developing a national roadmap for phased implementation.
IMF officials praised the active engagement from UAE participants and highlighted the importance of such initiatives in accelerating progress toward international-standard financial reporting. These efforts align with the UAE’s “We the UAE 2031” vision to enhance transparency and leadership in government financial governance.
News Source: Emirates News Agency
