Ministry of Finance Generalizes Government Assets’ National Register Project

Muscat, 28 Jan (ONA) --- The Ministry of Finance began disseminating the “National Register of Government Assets” (codenamed “Osool” or "Assets"). The ministry organized an inaugural meeting today to implement the 4th phase of the registry project in the presence of representatives of more than 40 government units.

The meeting was aimed at enlightening target government units about the project. The discussion covered the project’s implementation stages, workflow mechanisms, responsibilities and priorities of the project.

Abdullah Salim Al Harthy, Undersecretary of the Ministry of Finance, said that the meeting was in pursuance of the Finance Ministry’s efforts to generalize the application of the project of “National Register of Government Assets” to all government units.

The meeting also sought to devise an integrated central system to inventory government assets within a unified strategy that ensures the centralization of management, raises efficiency, maximizes government benefits and revenues by streamlining their utilization in an optimal manner. This is envisaged to contribute to boosting the State Budget with additional financial resources.

Al Harthy stressed the importance of cooperation of all government units in inventorying and registering their assets in the “National Register of Government Assets”.

As many as 467,439 assets have so far been registered in the “National Register of Government Assets” during the implementation of the first three stages. The assets include real estate investment in land and land rights, buildings and constructions, transport assets, machinery and equipment, furniture and office equipment, computers, communications and technology tools, in addition to intangible assets.

--- Ends/Bishara/AG