Muscat: The Ministry of Finance today launched the first phase of transition to the Unified Government Financial System codenamed 'Maliya'. The step is in pursuance of a national scheme to modernize and facilitate financial procedures, ushering in a process of comprehensive digital transition that supports connectivity among government institutions.
According to Oman News Agency, the ceremony marking the start of the first phase of 'Maliya' was held under the auspices of Sultan bin Salim Al Habsi, Minister of Finance. Abdullah bin Salim Al Harthy, Undersecretary of the Ministry of Finance and Chairman of the Supervisory Committee for the Transition to the Unified Financial System 'Maliya', stated that this initiative was the result of cooperation between various ministries and the Tax Authority and Royal Hospital.
Dr. Ali bin Amer Al Shidhani, Undersecretary of the Ministry of Transport, Communications and Information Technology for Communications and Information Technology, highlighted that digital transitions are key elements of Oman Vision 2040 and the National Digital Economy Programme. He emphasized that 'Maliya' is among the significant initiatives aimed at enhancing government digital transition programs.
Ali bin Abdullah Al Hinai, Director General of Financial Systems, remarked that the launch of this phase aligns with the Finance Ministry's ongoing efforts to optimize public finance management operations. The initiative aims to adapt to the evolving digital landscape and establish a new financial scheme that enhances the efficiency of public finance management while linking different government systems.
During the event, the development of the financial system in Oman was reviewed, tracing back to the establishment of the first computer department in 1976 at the Ministry of Finance, followed by the Comprehensive Government Financial System introduced in 1986. The features of the new financial system 'Maliya' were also discussed, with plans for gradual implementation alongside the existing financial system (IFS) in government units until 2028.
'Maliya' is designed to offer integrated financial solutions and a more user-friendly interface, enhancing government capabilities for advanced financial planning and quicker decision-making based on comprehensive data. The transition to the Unified Government Financial System will continue progressively across government units until 2028.