LatestOman News

Government institutions must submit final accounts before March 2021: Ministry of Finance

TAS News Service
November 22, 2020 3:14 pm

MUSCAT: All ministries and government institutions must submit their final accounts for the fiscal year 2020 to the Ministry of Finance and State Audit Institution latest by March 31, 2021.

In a circular issued by the ministry stated the final accounts should have revenue and expenditure. The details should also have the financial position that also include cash balances in the bank accounts of the ministries and government establishments.

“A detailed statement should also be made on government’s non-financial assets such as real-estate, lands, inventory, equipment, and others,” the statement said.

 “Any violation of the provisions of the circular will be considered as financial misconduct as per the Article (No. 41) of the Financial Law promulgated by the Royal Decree No. (47/98),” the circular added.

Show More

Related Articles