DED brings out handbook on managing government finances

The Internal Audit sector in the Department of Economic Development (DED) has issued a Government Employee Handbook on the specific mechanism ways of managing finances within any government institution. 

The handbook on ‘Integrity of Financial Procedures’ states the rules and regulations for spending government funds internally and externally. Mistakes often made by government employees in spending state funds are highlighted in the book along with the consequent risks and the corrective action to be taken in such instances. 

Mohammed Hilal Al Murooshdi, CEO of the Internal Audit sector in DED, said: “Organisations cannot achieve their goals without proper financial management. When employees are aware of such systems productivity improves as work processes become smoother. We will distribute the handbook among DED employees to start with and to all government employees in due course.” 

The handbook has answers to a series of questions and answers relating to employee entitlements and financial procedures to be followed in dealing with external suppliers and contractors. Rules governing payment to temporary employees, moving a temporary employee to a permanent position, outstation travel allowances to employees, petty cash, action to be taken in case of failure to comply with procurement guidelines etc. are stated in the handbook. 

The bilingual (Arabic/English) handbook will be updated with details on more financial procedures, said Al Murooshdi.