Saudi Ministry of Finance Collaborates with AMF & IMF for Government Finance Statistics Training Program

KSA, 29 April, 2024 : The Saudi Ministry of Finance, in partnership with the Arab Monetary Fund (AMF) and the International Monetary Fund (IMF), has launched a training program titled "Government Finance Statistics: Preparation, Publication Standards, and Economic Analysis." The initiative, organized by the Government Finance Statistics Development Committee, aims to enhance participants' understanding of collecting, preparing, and presenting government finance statistics for economic analysis. 

The program, held in Jeddah from April 28 to May 9, 2024, will benefit 45 participants from various Saudi and GCC government entities. It seeks to familiarize attendees with the IMF's approved Government Finance Statistics Manual and provide guidance on designing economic policies based on statistical insights.

Mr. Hamad Alkanhal, the Saudi Deputy Minister of Finance for Financial Affairs & Accounts and Chairman of the Government Finance Statistics Development Committee, emphasized the program's significance in boosting the capabilities of government employees. He highlighted its role in strengthening cooperation with GCC states and leveraging Saudi Arabia's successful experiences in financial and economic domains.

Covering topics such as SDDS implementation, public debt management, and data reporting to international financial organizations, the program addresses recommendations from initiatives like the G20 New Data Gap Initiative (NEW-DGI) and the Human Capital Index (HCI). Practical case studies and group activities, overseen by lecturers from the IMF and AMF, complement the lectures, providing participants with a comprehensive learning experience.

Source : www.mof.gov.sa