Action plan on govt financial system okayed

DUBAI — The high-powered 10-member Financial and Economic Committee (FEC) has agreed an action plan for developing the financial system across federal government.

By A Staff Reporter

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Published: Wed 9 Feb 2005, 10:43 AM

Last updated: Thu 2 Apr 2015, 4:24 PM

The committee established by UAE Cabinet in January held its first meeting yesterday at the Ministry of Finance and Industry in Dubai. The committee is chaired by Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry.

Dr. Mohammed Khalfan bin Kharbash, UAE Minister of State for Financial and Industrial Affairs and an FEC member, said: "The measures that will be adopted will help facilitate service provision by federal institutions. The committtee discussed three issues — federal resource development, re-engineering government procedures, and way the work of the committee will be carried out. Our main objective here is to continue developing high quality and cost-effect government services, while keeping economic and social development in perspective. All government procedures, especially those related to service provision are under scrutiny and restructuring will follow in order to create a more effective and user friendly system that eliminates duplication and gives more flexibility and efficiency to both government agencies and the public. The use of the latest technology through e-government will provide an integrated one-stop-shop for citizens, residents and businesses and an effective tool for government service provision."

"Moreover, we are examining the possibilities of outsourcing some government services to the private sector. By doing so we will improve their quality, efficiency and effectiveness. The Federal Budget would be presented to Cabinet within a fortnight. The Committee agreed to meet at least once every 21 days.

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