Restructuring the Ministry of Finance.. to ensure optimal utilization of state resources
Fathi Al-Sayeh
Managing the state’s public finances through centralized mechanisms that are more comprehensive, flexible, and impactful on people’s lives
The functional division of the budget contributes effectively to the implementation of the strategy of building the Egyptian person
Linking financial performance to the technician is reflected in the quality of health and education services and achieves financial savings
The newly created departments contribute to determining the actual needs of the service sectors and measuring performance
A more prudent management of financial policies.. in order to deal flexibly with global economic challenges
Balancing programs and performance ensures that resources are allocated to activities and projects rather than government institutions
(Reliance more on technological mechanisms In managing the public finances of the state.. to ensure the momentary assessment of revenues and expenditures
an integrated sector to maximize Projects of “participation with the private sector” to enhance economic growth
20230323034688 (20230323 Dr. Mohamed Maait, Minister of Finance, affirmed that the Ministry of Finance has been restructured, based on a more developed career path, and the ability to achieve economic and development goals, based on The rational management of the state’s public finances requires centralized mechanisms that are more comprehensive, flexible, and impactful on people’s lives, linking financial and technical performance in a manner that is reflected in the quality of health, education, culture, youth, and sports services, and achieves financial savings, in a way that contributes effectively to the implementation of the strategy to build the Egyptian person, and to identify the actual needs of the sectors. services and accurately measure performance, in a way that helps ensure optimal utilization of state resources, raise the efficiency of public spending, and achieve financial discipline, pointing to the development of a more prudent management of financial policies; In order to ensure flexible dealing with global economic challenges, absorb internal and external shocks, mitigate their severity, and their effects on citizens, especially the most vulnerable and needy groups.
The minister added that the new organizational structure of the Ministry of Finance is consistent with the state’s strategy for administrative reform, which coincides with the move to the new administrative capital, and aims to modernize government work patterns, raising the level of performance and building individual and institutional capabilities according to the best technological methods and global experiences; In a way that contributes to creating a stimulating environment for job excellence, in a way that is reflected in the quality of public services; As a major destination among the development goals in our new republic.
The minister explained that balancing programs and performance ensures fair distribution of budgetary allocations according to a unified institutional vision based on allocating financial resources to economic activities and projects instead of government institutions. In a way that contributes to laying the foundations for an effective mechanism to follow up and measure the results achieved from the allocation and disbursement of financial resources.
The minister indicated that we are keen to manage the state’s public finances by relying more on technological mechanisms, in accordance with international best practices; which contributes to the real-time estimate of revenues and expenses; Hence the ability to make accurate decisions, which are reflected in maximizing resources, and optimal utilization of public expenditures, in a way that supports the process of financial and economic reform, and reduces deficit and debt rates for GDP, pointing to the development of an integrated sector to maximize partnership projects between the public and private sectors; In a way that enhances economic growth, opens broad horizons for private investments in various fields, and is consistent with the efforts made by the state that were crystallized in the “State Ownership Policy Document”, and the related government proposals, and incentive measures, including the golden license, in order to empower the sector.
20230323 Dr. explained . Abdulaziz Hashim, Advisor to the Minister of Finance for Institutional Development, said that the new organizational structure aims to sustain the capabilities and competence of the Ministry’s employees in its various sectors, and to equip them with the necessary skills. To keep pace with the process of comprehensive and integrated development, and the electronic systems developed in the work system; In order to continuously qualify them to master the optimal employment of modern technology in performing their duties to the fullest, in a way that contributes to facilitating citizens’ access to services of high quality.
