ABU DHABI, The Ministry of Finance (MoF) recently held the Government Financial Policy Coordination Council’s third meeting of the year, which was held virtually. Younis Haji Al Khoori, Under-Secretary of MoF and Chairman of the Council, chaired the meeting, alongside Saeed Rashid Al Yateem, Assistant Under-Secretary for Government Budget and Revenue Sector at the Ministry of Finance and the Vice-President of the Council.
The Council members reviewed the minutes of the previous meeting. Details and comparisons of government finance statistics data for the first, second and third quarters (Q1, Q2, and Q3) of 2022 were also presented, as well as a comparison of Q3 of 2022 data with the same period of the previous year. The meeting also discussed the updates on the International Monetary Fund (IMF)’s Article IV Consultations, and the field visits held by MoF, in cooperation with the Government Financial Policy Coordination Council’s technical team, to the local finance departments to discuss the developments and requirements of government finance statistics nationally.
The members also reviewed the latest monetary and banking developments in the country, which were presented by the Central Bank of the UAE. They also reviewed the recent developments regarding tax policies and legislations, as well as the themes and outcomes regarding MoF’s participation in the ninth meeting of the Arab Statistics Initiative “ArabStat”, which was held last November.
The Government Financial Policy Coordination Council was formed by the UAE Cabinet’s decision No. (39) of 2008, and its members consist of the Undersecretary of the Ministry of Finance, representatives from local departments of finance and a representative from the Central Bank of the UAE.
Source: Emirates News Agency