The Department of Coordination of Fiscal Policies was established by the Cabinet Resolution No. 3 of 2009 of the organisational structure of MOF. The department consists of the Consolidating Fiscal Policies Division, which consolidates fiscal policies on both the federal and local levels and identifies the legislative framework to set the rules governing the process of consolidating and collecting financial statements, in addition to monitoring the work of the Government Financial Policy Coordination Council.
The department also consists of the Consolidating Fiscal Statements Division, which consolidates financial data in accordance with international standards and in coordination with the concerned authorities, in order to issue the consolidated financial report at state level. Additionally, it identifies data gaps and takes the necessary measures to increase the overall quality of the prepared reports.
Tasks and Competencies Tasks and Competencies
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01Collecting and preparing consolidated financial statements in line with international standards, in coordination with the relevant authorities.
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02Preparing and publishing periodic financial reports for the state.
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03Preparing and following-up the work of the Government Financial Policy Coordination Council and monitoring the implementation of its decisions.
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04 Coordinating with the relevant authorities on macro-financial policy for the state.
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05Coordinating with the International Monetary Fund (IMF), World Bank Group and International Institutions regarding applying standards and consolidating financial statements in the state.
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06Any other competencies related to the work of the department or entrusted to it by the Assistant Under Secretary of the Resource and Budget Sector