Ajman Finance Department Conducts Budget Planning Seminar

The Ajman Finance Department hosted a focused seminar named “Financial Circular and Procedures for Preparing the Financial Plan and General Budget.” This gathering was directed towards officials engaged in budget formulation, resource management, and technical project requirements from various government sectors within the emirate.

This event is part of the Department’s ongoing initiative to enhance the financial systems of the government and improve financial planning efficiency. It aligns with Ajman’s vision for creating a sustainable financial landscape.

The primary aim of the seminar was to empower government employees with essential skills to develop effective and proactive financial plans. Such plans are designed to optimize resource allocation while fostering long-term financial sustainability in the region.

The seminar was structured around three fundamental pillars. A major point of discussion was the “Programme and Performance Budgeting” methodology, increasingly adopted in Ajman for about 17 years. This strategy effectively connects financial planning with strategic objectives, enhancing resource management within the government.

In regard to the sustainable development pillar, attendees reviewed the progression of the system since its inception in 2009. The flexibility and responsiveness of the system to global economic shifts were significantly highlighted.

The capacity-building pillar aimed to share hands-on knowledge with attendees, focusing on cultivating professionals adept at creating precise financial plans that support consistent government performance.

Participants engaged in practical training on the “Estidama” system, which facilitates government entities in entering financial data and streamlining budget preparation processes, thereby enhancing accuracy and quality in planning.

Marwan Ahmed Al Ali, General Director of the Ajman Finance Department, commented that this seminar illustrates the Department's dedication to managing financial resources via innovative and dependable strategies. He stressed the need for cooperation and adaptability to achieve financial sustainability and enhance the quality of life in Ajman.

He also noted the Department's focus on fostering a culture of sustainable financial planning and nurturing skilled financial experts. This initiative includes offering modern resources and knowledge to ensure precise and realistic budgeting aligned with top global practices.

Furthermore, he pointed out the Department's commitment to standardizing financial processes and enhancing adherence to established policies. This aims to boost planning accuracy and ensure effective execution across governmental bodies.

The seminar is anticipated to enhance financial planning quality, bridge the gap between forecasted and actual results, and improve the efficiency of government spending. It also aims to foster superior financial decision-making while contributing to Ajman's sustainable development and global competitiveness.

This project is part of an extensive range of training initiatives organized by the Finance Department throughout the year, designed to refine financial practices and support Ajman Vision 2030.