The Ministry of Finance (MoF) recently held the second meeting of the Government Financial Policy Coordination Council virtually. His Excellency Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Government Financial Policy Coordination Council chaired the meeting alongside His Excellency Saeed Rashid Al Yateem, the Assistant Undersecretary of Resources and Budget Sector and the Vice-President of the Council.
His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA) attended the meeting, alongside council members from several UAE government entities such as: His Excellency Dr. Sabri Hamed Al Azazi, Chief Operating Officer at the Central Bank of the UAE; His Excellency Mohamed Khaleefa Alnuaimi, Director General of Executive and Financial Affairs at DoF - Abu Dhabi; His Excellency Arif Abdulrahman Ahli, Executive Director, Planning and General Budget Sector at DoF – Dubai; His Excellency Waleed Ibrahim Al Sayegh, Director General of the Sharjah Finance Department; His Excellency Yousef Muhammad Al Balushi, Director General of Ras Al Khaimah Finance Department; His Excellency Khalifa Saeed Ghanim, Director General of DoF – Umm Al Quwain and Her Excellency Mariam Abdullah Al Matroushi, Deputy Director of DoF – Fujairah.
During the meeting, His Excellency Younis Haji Al Khoori stressed on the Council’s pivotal role in enhancing the efficiency and effectiveness of government financial work, by devising proactive solutions and initiatives to future challenges, and ensuring the integrity of the country's financial system.
His Excellency Al Khoori said: “We thank all Council members for their commitment to working as one committed team that devises sound financial policies and enhances spending and investment efficiency in line with the government priorities, to support the comprehensive economic development.”
The Council members were briefed on the implementation of the previous meeting’s recommendations. The annual financial statements of the UAE, the FTA’s presentation, and the latest developments in implementing a Guide on Simplified Common Costs were presented. Also, the Central Bank of the UAE delivered a presentation on the monetary and banking developments in the country.
The Government Financial Policy Coordination Council was formed by Resolution No. 39 of 2008 of the Cabinet. Its members consist of the Undersecretary of the Ministry of Finance, a representative of the Central Bank of the UAE, and representatives from local UAE governments.
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© Press Release 2021