The United Arab Emirates Ministry of Finance presents its draft report on the adoption of the Unified Final Account of the Union

The Committee on Financial, Economic and Industrial Affairs of the Federal National Council (NCF) reviewed its draft report on a federal bill on the adoption of the unified final account of the Union and the final accounts of the 39 independent entities for the year ended 31/12/2017.

The Committee also discussed at the headquarters of the General Secretariat in Dubai, headed by HE Majid Hamad Al Shamsi, its work plan to examine a draft federal law on linking the general budget of the Union with the budgets of the agencies independent federal corporations related to the 2019 fiscal year.

HE Majid Hamad Al Shamsi, Chairman of the Committee, stated that the Committee had considered its report on a draft federal law concerning the adoption of the unified final account of the Union and the final accounts of the independent entities for the Fiscal year ended 31/12/2017, where he had made several changes to the final recommendations. The report and its adoption at its next meeting will be ready for the consideration and approval of the Council.

The committees of the Council prepare and complete their reports on bills and general items on their agenda, which they then submit to the Council for consideration under its own dome at the Fourth Ordinary Session of the Sixteenth Legislative Chapter and allow it to exercise its legislative, control and policy powers in accordance with the direction and vision of the state in the future.

HE Majid Hamad Al Shamsi reported that the committee had reviewed its plan of action to review a federal bill relating to the binding of the general budget of the Union and the budgets of the independent federal agencies related to the government. FY 2019. The provisions of the plan, which will include several meetings with representatives of the parties concerned, in addition to the technical documents prepared by the General Secretariat of the Federal National Council.

The Council wishes to discuss the greatest number of points related to the implementation of the objectives and initiatives contained in the Council's strategic plan for 2016-2021, which aims to provide the best parliamentary performance within the framework of the Council. exercising the legislative and oversight powers of the Board, in line with the direction and aspirations of management, its vision and strategy for the coming years, which seeks to delight citizens and reach the highest centers and indicators of global competitiveness.