The Ministry of Finance organizes an integrated training program for the initiative "Money leaders"

Dubai, November 13 / WAM / The Ministry of Finance, at its headquarters in Dubai, organized the training program activities for the “Money Leaders” initiative, within the “Young Financial Advisors” program, with the participation of an elite group of Emirati youth, as part of its commitment to supporting national initiatives aimed at building a financially aware generation capable of leading the future, and as a contribution to achieving the goals of the general society.

The program, which lasted for four days and concluded today, is the first phase of the initiative, within the various sectors of the Ministry of Finance, and aimed to introduce participants to the mechanisms of government financial work, and enable them to acquire skills and prepare budget analysis and mechanisms for allocating financial resources, managing revenues, public finances, and government assets, in addition to managing public debt and digital transformation in financial systems.

The participants were introduced to the mechanism for preparing financial reports at the state level, which contributes to raising the country’s global competitiveness indicators in the financial field, and they were informed of the most important financial and economic studies prepared by the Ministry, which contribute to the process of making financial decisions and policies.

The role of the Government Financial Policy Coordination Council in financial coordination at the state level was discussed.

The program included interactive sessions presented by a group of leaders and experts in the ministry, which included a review of the most prominent tax legislation and the role of taxes in financing development, and highlighting the state’s relations with international financial institutions, in a way that enhances the integration between theoretical knowledge and field experience.

The program also included an introductory presentation on government communication and financial media, and their importance in enhancing public awareness of financial policies and clarifying their impact on society and the national economy.

Participants learned about the strategic communication mechanisms followed by the Ministry in delivering its financial and media messages, and the role of financial media in supporting transparency and enhancing confidence in the government’s financial policies.

His Excellency Saeed Rashid Al-Yateem, Assistant Undersecretary for the Budget and Government Revenues Sector, said that this program is an important opportunity for young people to learn closely about the cycle of preparing the general budget of the Union and the mechanisms of government revenue management, in addition to the various stages of partnership projects between the public and private sectors, in a way that enhances their knowledge and contributes to building their capabilities in the areas of financial and economic work. Sessions and work programs were designed to give participants a deep understanding of the financial planning process and the allocation of public resources in a way that achieves efficiency and sustainability, while introducing them to the historical development of the federal budget and its role in supporting growth. Through this program, we seek to provide Emirati youth with analytical financial tools that qualify them to participate actively in formulating future policies, and to enhance their awareness of the importance of financial discipline in achieving the country’s strategic goals.

In turn, Her Excellency Maryam Mohammed Al Amiri, Assistant Undersecretary for the Government Financial Management Sector, said that the training program for the “Money Leaders” initiative represents a practical model for integration between training and applied education, as participants interacted with various work teams to gain direct experience in how to manage public financial resources in accordance with international best practices. The program provided an important opportunity to learn about the system of implementing public finance procedures and policies, closing accounts, raising the unified final account of the federal government, government asset management, the government procurement system, and treasury management, in addition to highlighting digital transformation. In financial systems, this comes within the Ministry’s efforts to enhance the principles of good financial governance and enhance the efficiency of public spending.

The program included specialized presentations presented by various sectors of the Ministry of Finance, which enhanced the practical aspect of the interactive sessions and gave participants an advanced practical understanding of the federal financial work system.

The Government Budget and Revenues Sector reviewed the mechanisms for preparing the general budget and allocating resources, and the Government Financial Management Sector gave a presentation on financial governance and the efficiency of public spending, while the International Financial Relations Sector addressed areas of financial cooperation with regional and international institutions. The Tax Policy Sector also gave a presentation on modern tax legislation, electronic invoicing and international cooperation in the tax field.

This diversity in the program content reflects the integration of the roles of the ministry’s sectors in qualifying a new generation of national competencies capable of understanding the mechanisms of government financial work and employing them in developing future policies efficiently and sustainably.

It is worth noting that the “Money Leaders” initiative comes in partnership with the Federal Youth Foundation, to achieve the general goals of society.

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