Post by : Badri Ariffin

The Ajman Finance Authority recently organised a workshop titled “Financial Circular and Procedures for Preparing the Financial Plan and General Budget.” This event targeted key officials engaged in budget development, human resources, and project-related technical needs across various government sectors in the emirate.

This workshop is part of the authority’s continuous initiative to optimise the government financial framework and boost planning efficiencies. It supports Ajman’s vision for fostering a sustainable and progressive financial landscape.

A primary focus of the workshop was to furnish government professionals with essential skills to devise proactive financial plans aimed at enhancing resource utilization while promoting long-term financial sustainability within the emirate.

The workshop revolved around three main pillars. A significant highlight was the “Programme and Performance Budgeting” framework, a practice Ajman has refined for nearly 17 years. This methodology strengthens the connection between financial planning and strategic objectives, ensuring better resource management.

Regarding sustainable development, participants delved into the evolution of the budgeting system since its inception in 2009, showcasing its adaptability to global economic fluctuations.

The capacity-building segment emphasized imparting practical insights and expertise, aimed at cultivating skilled professionals adept at generating reliable financial plans that bolster stable governmental operations.

Attendees also engaged in hands-on learning about the “Estidama” system, designed for seamless input of financial data and enhanced oversight of budget preparation processes, thereby refining accuracy and planning quality.

Marwan Ahmed Al Ali, Director General of the Ajman Finance Authority, stated that the workshop manifests the authority’s dedication to managing financial assets via innovative and dependable methods. He underscored the necessity of collaborative efforts and adaptability in attaining financial sustainability and elevating the quality of life in Ajman.

He further elaborated on the authority’s commitment to advancing a culture of sustainable financial planning and developing proficient financial experts by providing contemporary tools and insights for accurate budgeting aligned with global best practices.

Additionally, he pointed out the authority’s initiatives aimed at standardising financial protocols and bolstering compliance with established policies, enhancing the precision of planning and ensuring effective execution across various government departments.

This workshop is anticipated to elevate the quality of financial planning, bridge the gap between projected and actual outcomes, and boost efficiency in governmental expenditures. It aims to facilitate informed financial decision-making and contribute to Ajman’s long-term sustainability and competitive standing on a global scale.

This initiative is part of a broader suite of training programmes offered by the Ajman Finance Authority throughout the year, designed to refine financial practises and bolster the objectives of Ajman Vision 2030.

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