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Financial circular no. (9) for 2016 on ministries and entities accepting sponsorship from third party

The financial circular directed to undersecretaries of ministries and general directors on accepting to project sponsorships from third party, as part of the federal law No.8 of 2011 concerning the rules of preparing the general budget draft and final accounts (47) that states “taking into account donations and earmarked contributions for a particular purpose, the action of collecting and settling revenue and distributing it to the Ministry according to the provisions of the laws and regulations issued by the Minister”. Third party sponsorship for ministries and entities projects is part of the government excellence system; and a requirement for the Innovation Department. The Ministry should put controls and procedures to document and register sponsorship operations, gifts or donation to a particular activity.

Financial circular no. (9) for 2016 on ministries and entities accepting sponsorship from third part