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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, representatives from local UAE governments, and a representative of the UAE Central Bank. The council holds three periodical
meetings annually, and it is to be reconstituted every three years.
The first meeting was held in 2008, with the participation of all members nominated by the Executive Councils and Rulers' Courts of each emirate. Annual
reports of the work completed by the Financial Policy Coordination Council are submitted to the Cabinet.
financial data and
reports at state
consultation on the
balance sheet and
budget in areas of
spending at state
level to support
across the UAE.
policies related to
revenues, as well
as tax policies.
Coordinating on the
by lending or
Coordinating on the
rating of the
matters relating to
development in the
efficiency at state
A Technical Team of the Government Financial Policy Coordination Council was formed by virtue of an
administrative decision taken by the Ministry of Finance (MoF). The team includes representatives from MoF
and the financial departments of local governments in the UAE to provide the necessary support and submit
quarterly reports on the UAE’s consolidated financial statements to the council.
01Collecting and preparing government financial statements at state level in accordance with the UAE Gate for Government Finance Statistics (GFS) Reports..
02Attending workshops and training courses related to the team mission.
03 Coordinating on e-linking Federal Government and local governments across the UAE via the UAE Gate for GFS Reports.
04Coordinating on IPSAS standards in the Departments of Finance in the UAE, and switching to accrual system.
05 Preparing the Classification of the Functions of the Government expenses (COFOG) according to international standards, and submitting to the Government Financial Policy Coordination Council.
06 Implementing the recommendations issued by the International Monetary Fund (IMF) on the
technical support project aiming at coordinating financial policies at state level, subject to the
approval of the Government Financial Policy Coordination Council.
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.
01Collecting and preparing consolidated financial statements in line with international standards, in coordination with the relevant authorities.
02Preparing and publishing periodic financial reports for the state.
03Preparing and following-up the work of the Government Financial Policy Coordination Council and monitoring the implementation of its decisions.
04 Coordinating with the relevant authorities on macro-financial policy for the state.
05Coordinating with the International Monetary Fund (IMF), World Bank Group and International Institutions regarding applying standards and consolidating financial statements in the state.
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
UAE Gateway to reports GFS (this content is available only in Arabic)
UAE Gate for Finance Statistics Reports "Manual"
Government Finance Statistics Manual 2014
Main Changes From The GFSM 2001-Based Questionnaire
Government Finance Statistics Manual 2001
Cabinet Resolution No 24 of 2015 Council Policy Coordination
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