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Finance is discussing the application of the Treasury Single Account (TSA) with IMF experts

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Finance is discussing the application of the Treasury Single Account (TSA) with IMF experts

May 7 17:16 1 shares
Information / Baghdad..


On Sunday, Finance Minister Taif Sami Muhammad discussed with a minister with experts from the International Monetary Fund (MITAC) the requirements for designing and implementing the single treasury account system ????????????.

"The ministry is keen to expand the use of technological solutions to ensure the sustainable modernization of financial systems, according to the latest international standards and expertise, in line with efforts to face challenges and facilitate financing procedures in record times," Sami said in a statement received by Al-Maaloumah. And she explained that

"the application of the account will allow the possibility of

    monitoring the movement of funds to the spending units and
    identifying the remainder in the departments' accounts and
    restoring it for the benefit of the state treasury, as well as
    diagnosing the units that are still outside the system of settlement of salaries, in addition to that

the project will provide an accurate database that contributes to accounting operations and the diagnosis and treatment of errors momentarily.”

And the Minister of Finance indicated seeking to "agree with the support team at the World Bank on the participation of Iraqi cadres in expanded rehabilitation programs under the supervision of the World Bank, with the aim of enhancing the expertise and skills of cadres working on the account, and ensuring the success of its management with high professionalism and efficiency." The statement indicated that

"the meeting discussed the approved outputs during the previous period, and reviewed the next stages of implementing the TSA project according to the specified timelines and allocated costs, as well as examining the extent of the system's response to the rest of the sub-systems such as preparing the general federal budget, procurement and payments systems, fixed assets, the payroll system, and the system." Revenue, cash management, etc.
Ended/25 h

' https://almaalomah.me/news/economy/المالية-تبحث-تطبيق-حساب-الخزينة-الموحد-tsa-مع-خبراء-صندوق-ال


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