MoF continues to promote financial literacy in UAE

The Ministry of Finance (MoF) recently organised a lecture on the methods of preparing the Federal General Budget for a group of Political Science female students at the United Arab Emirates University (UAEU). The lecture is one of the many initiatives that MoF is taking part in to increase financial literacy awareness amongst the community. Some of the lectures attendees included Younis Haji Al Khouri, Undersecretary of MoF, Saeed Al Yateem, Executive Director of Revenue and Budget of MoF, and a number of the Ministry’s Department Directors. Some of the main topics addressed during the lecture were the stages of the zero-based budgeting (ZBB) and its implementation, the objectives of ZBB, in addition to highlighting adopted mechanisms in managing financial operations. The session also shed light on the benefits of the Joint Financial Procedures Manual and a range of the financial systems developed by MoF. Commenting on this lecture, Al Yateem said: “The Ministry of Finance is keen on continuously enhancing financial awareness and knowledge among various groups in the UAE and particularly amongst youth. Driven by this principle, we have been hosting a number of lectures and organising field visits to various educational institutions in the UAE.” From Gulf Today