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Oman News

Finance ministry launches guide for Oman’s ‘Budget Programmes and Performance’

The Ministry of Finance launched a guide for ‘Budget of Programmes and Performance’, as a step forward in the field of public finance management in the Sultanate of Oman.

Oman News Agency

info@thearabianstories.com

Monday, July 8, 2024

MUSCAT : The guide seeks to raise the efficiency of public spending and achieve the desired outcome from allocating budgets to units of the state’s administrative apparatus. It fits within the objectives, programmes and activities focusing on the implementation of the State Budget in an ‘item-based manner’.

The guide includes a set of criteria on measuring performance and decision-making support systems. It deals with financial tools and advanced financial analysis of ‘Budget-Performance-Related Methods and Techniques’ to be applied within a medium-term financial framework.

The guide also includes a detailed section for implementing budgets, drafting reports and auditing accounts. It thereby provides a roadmap for all government units.

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