MoF upgrades ‘Emirates Gate’ system for financial reporting

  • Date: 24-Apr-2020
  • Source: Emirates Business
  • Sector:Financial Markets
  • Country:UAE
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MoF upgrades ‘Emirates Gate’ system for financial reporting

The Ministry of Finance (MoF) announced the launch of the upgraded version of the Emirates Gate system for government financial statistics reports.. Saeed Rashid Al-Yateem, Assistant Under-Secretary of the Ministry of Resources and Budget, highlighted the importance of cooperation between the Ministry of Finance and all financial departments in the Emirates to develop an intelligent system for Emirates Gate for government financial statistics reports.. We develop financial reporting systems to enhance transparency and make government financial statistics data available to decision-makers and financial-policy makers in the country.. The government financial database enables decision-makers to formulate sound financial plans and make appropriate decisions within the framework of the government's financial and economic policies.. Government financial statistics are of local and international importance, as they clarify the size of government financial operations within the state, along with government-sector contribution to the national economy..