Sharjah: The Sharjah Finance Department (SFD) has conducted the third financial forum of 2024 at the Holy Quran Academy. The forum brings together over 100 representatives from governmental and independent entities to convey key methodologies for pricing government services. The forum also formulates an electronic system designed to lead the determination of service fees.
High-ranking officials, including directors and specialized managers from several financial departments across Sharjah’s institutions, participated in the event. The focus was on enhancing financial management, aligning strategies to enhance government revenues, inspire investments, and promote sustainability in public financial services.
Arwa Al Owais, Director of the Financial Policies Office at SFD, highlighted the department’s commitment to enhance the financial performance of government agencies. Arwa Al Owais highlighted the need for streamlined efforts to nourish revenue generation and drive long-term investment in Sharjah.
Huda Al Yassi, Director of the Financial System Department at SFD, underscored the forum’s significance in fostering financial literacy and embracing innovative tools to price government services. This aligns with Sharjah Executive Council Decision No. 23 of 2019, which highlights modernizing service pricing mechanisms. Al Yassi introduced the department’s new electronic system, designed to regulate service fees more efficiently.
Dr. Falah Al Hussaini, Advisor to the Tax Affairs Office, delivered an in-depth presentation on the pricing methodology for government services. He clarified how the newly developed electronic system retrieves financial data and calculates fees within seconds, ensuring competitiveness and holding up economic sustainability.
The forum put an end with an overview of the legislative framework governing fee approvals, alongside a live demonstration of the electronic system’s capabilities in optimizing financial operations across government entities in Sharjah.