MUSCAT : The Ministry emphasized the importance of highlighting the results and objectives achieved in implementing each institution’s approved budget. Institutions are required to include a comparative statement of approved versus actual revenues and expenditures, as well as detailed information regarding cash and banking balances, permanent and temporary advances, and any financial rights owed to the government by third parties.

In addition, the Ministry has instructed all state institutions to compile a statement of non-financial assets, which should encompass real estate, land, warehouse assets, government movables, and libraries associated with government units. Institutions must also attach a copy of the reports generated by their internal audit units for the last quarter of the fiscal year 2024.

This circular aligns with the implementation of Articles 36 and 37 of the Financial Law, as stipulated in Royal Decree No. 47/98, and Article 10 (Clause 7) of the State Financial and Administrative Control Law, issued by Royal Decree No. 111/2011.

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