Strategic Programs
Government Accounting System and Auditing Standards Enhancement Program
The government accounting system and auditing standards play a vital role in strengthening financial oversight and supporting informed decision-making. Enhancing the accounting system contributes to improved planning and forecasting by providing a comprehensive view of the State’s assets and liabilities.
Performance Indicators
i
Indicator
Indicator Description
1
Percentage of Payment Orders Exceeding 60 Days from the Date of Receipt by the Ministry of Finance
This indicator measures the percentage of payment orders that exceed the Ministry’s established payment period of 60 days from the date a complete payment request is received.
2
Average Time Required for Contract Award
This indicator measures the average time taken to complete the procurement process, from the opening of bid submissions to the contract award.
Last Modified Date: At Saudi Arabia Time