Syria, Russia discuss implementing MoU on modernizing the public treasury system

Moscow, (ST) – A delegation from the Ministry of Finance and a Russian delegation on Wednesday followed up on the steps to implement the memorandum of understanding (MoU) signed between the Syrian Finance Ministry and the Treasury of the Russian Federation, regarding the development of treasury technologies, automation of budget implementation procedures and access to the best Russian technologies in this field.

This came during a visit by a delegation from the Ministry of Finance to the Russian Federation. During this visit, the delegation was briefed on the stages of work regulating the automation of the budget and the implementation of the treasury procedures in the Russian Federation, and how to benefit from the Russian pioneering experience in developing the treasury work system and automating the state’s general budget in Syria.

The delegation includes Assistant Minister of Finance for Budget Affairs Manhal Hanawi, Director of the Central Treasury Hussam Fallouh, Director of the Investment Budget Bassam Al-Ali, Director of the Current Budget Dr. Muhammad Safa, and Head of the Informatics Department Amal Al-Mahaini.

The Ministry of Finance signed a memorandum of understanding with the Treasury of the Russian Federation in Damascus in October last year on technical cooperation in the financial field, to modernize the public treasury system, through the exchange of experiences between the two parties.

Raghda Sawas