Move to Establish a National Central Administration for Government Assets

Port Sudan – Sudanhorizon

Minister of State at the Ministry of Finance, Mohamed Nour Abdel Daim, has revealed a plan to establish a National Central Administration for the management of non-financial government assets, which will operate under the supervision of the Ministry of Finance.

During his chairing of a consultative meeting with federal ministry undersecretaries, as well as directors of government agencies, corporations, and units — held at the headquarters of the Sea Ports Corporation in Port Sudan with the participation of Abdullah Ibrahim, Undersecretary of the Ministry of Finance, and Engineer and Advisor Jilani Mohamed Jilani, Director General of the Sea Ports Corporation — the Minister directed the start of a comprehensive inventory of all government assets across institutions.

He emphasized the strategic importance of both fixed and movable government assets and the necessity of integrating them into a comprehensive financial management system as one of the key foundations for reforming the state’s financial performance and strengthening the Ministry of Finance’s authority over public funds.

Nour Abdel Daim highlighted the role of government assets in managing fiscal policies, improving transparency in public performance, enhancing accountability, and increasing the efficiency of capital expenditure. He noted that state-owned assets could also serve as collateral for national and international financing.

He further explained that one of the main current challenges is aligning with international accounting standards for asset measurement, valuation, and the assessment of related financial risks.

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