Sustainability in Government Financial Management

30/10/2024 Finance and investment | Her Excellency Mariam Mohamed Al Amiri, Assistant Undersecretary of the Government Financial Management Sector

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The UAE has positioned the Sustainable Development Goals (SDGs) at the core of its ambitions, vision, and national agenda 2030, integrating them into its development strategies, while paying particular attention to sustainable fiscal policies to enhance the management of the federal government's financial resources.

These policies not only regulate fiscal activities, and conserve economic and environmental resources, but also foster societal benefits, and bolster economic growth while managing diverse impacts. Driven by this commitment, the Ministry of Finance has made sustainability a key priority within its strategic objectives, which also include financial empowerment, national resilience, future foresight, innovation, and artificial intelligence.

The Ministry has tailored its Strategic Plan 2023-2026 to advance excellence within the federal government, ensuring alignment with the UAE government's vision, future plans, aspirations, and both national and global trends. The Ministry's key objectives also include developing a robust fiscal policy framework, which can upgrade financial planning, maintain the sustainability of public finances and enhance risk management practices. Other strategic objectives also include ensuring financial stability for a comprehensive and sustainable future.

Therefore, sustainability is considered a cornerstone for implementing best practices in government finance and plays a fundamental role in creating a sustainable management system, boosting financial performance, and addressing the needs of stakeholders.

Sustainability policies are very useful in setting high standards for managing and governing public funds, as well as promoting transparency and integration. They can effectively help achieve sustainability across economic, environmental, and social dimensions and launch initiatives, which set the stage for effective sustainability management by adhering to the best international practices in government procurement and asset management while ensuring that our business governance and services align with international sustainability standards.

To drive development forward through a sustainable fiscal policy, the UAE set up the National Committee for Sustainable Development Goals and used tax policy to create green financing tools that boost investments in renewable energy. Green and sustainable finance does undoubtedly guarantee that funds support projects and technologies that help build a sustainable future.

Ensuring sustainable prosperity for current and future generations necessitates the implementation of policies that adhere to the principles and requirements of sustainable development. We must identify best practices, incorporate them thoroughly into our business and service operations, and ensure they enhance all related activities and initiatives. This comprehensive integration is a step in the right direction towards realizing the UAE's strategic sustainability objectives."

Her Excellency Mariam Mohamed Al Amiri, Assistant Undersecretary of the Government Financial Management Sector

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3 Comments

Anonymous Commented on 29/04/2025

التمويل الأخضر خطوة ذكية لضمان مستقبل اقتصادي وبيئي مستدام لأجيالنا القادمة


Anonymous Commented on 29/04/2025

لفتني اهتمام وزارة المالية بتطبيق أفضل الممارسات العالمية في الحوكمة والمشتريات الحكومية.


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