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Major Leaps

The Ministry of Finance has undergone a radical digital transformation, achieving significant strides that have profoundly enhanced the efficiency and development of government operations and procedures. The most notable of these leaps include: a shift from paper-based to digital transactions; automation of financial processes; faster completion times; enhanced transparency in financial transactions; improved customer service; a simplified user experience; greater operational efficiency; cost reductions; and the capability to perform advanced financial data analysis and future forecasting.

MoF has also successfully developed a robust infrastructure of advanced data centers, enhanced cybersecurity and information protection measures, and integrated the use of artificial intelligence. It has also succeeded in establishing a modern work environment which is driven by technical skills, achieving integration across various government agencies, accelerating the transition to a fully integrated digital economy, and developing human competencies.

Continuous Accomplishments

These leaps have resulted in numerous accomplishments that have contributed to the development of digital services and increased efficiency. They also reflect MoF commitment to providing advanced digital solutions and enhancing the efficiency and transparency of government operations, thereby supporting the realization of Vision 2030 and strengthening the competitiveness of the Saudi economy.

The most notable of these achievements include the launch of: the "Etimad" platform for government electronic financial services; the "Sarf" system for the financial rights of government sector employees; the "Tahsil" system for public revenues; the "Sadad" platform enabling citizens and residents to pay government fees electronically; the adoption of the electronic salaries and payments system; and the enhancement of government expenditures efficiency. These achievements have been reflected in the development of national financial systems and improvements in budgeting, accounting, payments, procurement, supply chains, asset management, warehouses, billing, collections, human resources management, and more.

Unwavering Ambitions

The Ministry of Finance's ambitions to drive digital transformation are limitless, in line with Vision 2030, which seeks to build a leading and adaptive digital economy. These ambitions are grounded in the development of digital infrastructure, enhancing the efficiency and transparency of financial services, and fostering innovation by achieving several key targets, including: Building an integrated digital financial system; enhancing transparency and accountability; improving the user experience; fostering innovation in financial services; increasing the efficiency of government spending; strengthening cybersecurity and data protection; and developing digital competencies and skills.

These targets represent significant steps toward achieving a sustainable and advanced financial future, contributing to the Ministry of Finance's enhanced role in supporting the Saudi economy and transforming it into an interconnected, efficient digital government.

These targets, achievements, and leaps mark a successful journey toward transforming the Ministry of Finance into an advanced digital institution that embraces modern technologies to enhance efficiency and transparency and improve beneficiaries' experience. Digital transformation within the Ministry remains a crucial pillar in achieving Saudi Vision 2030, enhancing financial services in ways that align with the aspirations of citizens and partners across both the public and private sectors.

Regarding this transformational journey, the Technical Advisor General Manager of the General Department of Information Technology at the Ministry of Finance, Eng. Mohammed AlGhamdi, says “The digital transformation within the Ministry of Finance is not merely about developing systems or updating procedures. It represents a radical shift toward a more transparent, efficient, and accelerated financial future. Also, our mission goes beyond achieving operational efficiency. We aim to strengthen the Kingdom's position as a regional digital financial hub, capable of keeping pace with rapid advancements in financial technology and ready to attract global investments and talent."

“We eagerly anticipate the outcomes of this transformation, in more transparency, faster financial services, and a more efficient and effective work environment," Al Ghamdi added. “On this occasion I would like to extend my gratitude to everyone who contributes to this ambitious journey, and we pledge to persist in our efforts with unwavering determination to achieve our shared aspirations," he said.​

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