MoF Organises a Workshop on Spending in the Education and Health Sectors in Collaboration with the World Bank

WAM Abu Dhabi: In cooperation with the World Bank, the Ministry of Finance (MoF) has recently held a workshop at the Madinat Jumeirah on spending in the education and health sectors in conjunction with state officials in the UAE.

The workshop was attended by the Saeed Rashid Al Yateem, Executive Director of Revenue and Budget of MoF, and a number of managers at the ministry in addition to senior executives and expertise in the education and, health sectors on federal and local levels., , as well as representatives from various universities in the UAE. They all gathered to share their experience gained in these areas with officials of the World Bank and MoF in addition to reviewing diverse experiences in some countries of the world.

They also reviewed ways and means of development spending in the education and health sectors to reach the best levels of service according to international standards and to raise the efficiency and effectiveness of the federal budget spent on education and health programs. These sectors have a direct impact on the lives of citizens with public, higher, and university education budgets for the financial year 2012, amounting to 20% of the total budget, whereas the health sector accounted for 8% of the total budget, which demonstrates the critical importance of these sectors.

World Bank experts also presented studies on public spending in the education sector in different countries around the world, which showed that the spending ratio in the education sector in the UAE is one of the highest worldwide relative to the total budget of expenditure on a global level.

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