Thursday, 23 Mar 2023
State Council’s Economic Committee hosts World Bank delegation

State Council’s Economic Committee hosts World Bank delegation

The meeting was held in the presence of Sheikh Dr Al Khatab bin Ghalib al Hinai, vice chairman of the State Council.

At the commencement of the meeting, Sheikh Mohammed bin Abdullah al Harthy, head of the Economic Committee, welcomed the delegation, and explained the nature of its pay a visit to.

The meeting, which was held in the presence of the members of the Economic Committee of the council, addressed the objectives and procedures of spending budget preparations. These consist of the readiness of the program of preparation and implementation of the spending budget the readiness of choice help systems primarily based on the integrated overall performance readiness of audit and oversight of overall performance of the monetary, org-anisational and technical programme the readiness of the legislative structure and capacity developing for the application as effectively as the improvement of governance frameworks to help transformation and stick to-up.

The delegation also created a presentation on legislative oversight of the spending budget. The presentation – titled ‘Programme-based Budgeting and Legislative Oversight’ – highlighted the varieties of oversight, the stages of annual spending budget procedure, public monetary accountability, its
rewards, disadvantages, the part of legislatures in international parliaments and the part of committees in international parliaments.

The presentation cited the instance of the Netherlands, its spending budget process and its parliament oversight action. This was followed by showcasing the Australian model and the roles and responsibilities and the institutional arrangements in the parliament.

Information Source: Muscat Daily

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