Dubai: The Ministry of Finance (MoF) has launched its strategic plan for the third session of 2014-2016 at an event in the presence of Obaid Bin Humaid Al Tayer, Minister of State for Financial Affairs, Younis Haji Al Khouri, Under-Secretary of the MoF, and a number of assistant Under-Secretaries at MoF, in addition to Heads of Departments and employees.
Al Tayer welcomed the participants and stressed the Ministry’s commitment to strengthening its strategic partnership with various federal and local government bodies. He also highlighted the fact that the strong partnership between the Ministry and its partners is positively reflected in their ability to achieve the best results in the reports, which indicate the international competitiveness of the UAE’s financial sector. He said that these indicators have become the standard procedure to measure the Ministry’s achievements and its stability as it progresses towards achieving its vision, mission, strategic priorities, objectives and future aspirations. He added, “The strategic plan for both the second and third session played a pivotal role in determining the historical achievement record of the Ministry, and paved the way for achieving more success at a global level, through enabling the ministries and federal bodies to deal with the principles of decentralised management, the limits of accountability and corporate governance, in addition to creating a more interactive environment with local governments as well as regional and international organisations.” He also highlighted that the new strategic plan is in line with the federal budget and will focus in the upcoming three years on social sector concerns, with health, education and social services to be treated as top priorities. With its new strategic plan, the Ministry aims to fully support the budget through developing its financial systems efficiently and therefore improve the country’s financial management.
Moreover, the MoF is committed to enhancing the qualifications, capabilities and skills of its national employees.