The Finance Ministry started implementing the first phase of the GFMIS
The Financial Operations Department discussed a number of projects and financial regulations adopted by the Ministry such as the financial and administrative federal system - GFMIS
, Smart BI reporting system, automated budgeting system and visual analysis of the Federal Government, in addition to the government finance statistics reports.
By 2001, the system had failed, and even to this day after considerable additional support from the IMF and the World Bank, a proper GFMIS
has not been implemented at the Federal level.
Minister Al-Saleh made the statement during an inspection tour on Sunday, the first day the GFMIS
is applied in 47 government bodies.
primarily aims to achieve the goals prescribed in 2030 Qatar National Vision ranging from efficiently manage the available financial resources to maintain the financial stability in line with the national priorities to upgrade the public fund dealing mechanisms and the services provided to the ministries and public bodies in Qatar.
The application of the GFMIS
system comes as part of the Ministry of Finance's plans to boost fiscal and accountancy reform, to upgrade the performance of the public administrative units and to enhance transparency, accountability, efficiency and cost-efficiency of public services.
To support improved management of public expenditures in Armenia which will include (a) preparation of a comprehensive Business process Review for GFMIS
which will be included in the new PSMP 3 currently under preparation; (b) an assignment on policy based budgeting and public investment; and (c) a comprehensive e-procurement system.
As part of this strategy, a phased approach to development and implementation of GFMIS
has been proposed, with Phase I focusing on improving the efficiency of the core functions of CGA i.