Structural and administrative reforms for the fiscal year 2017 The Ministry of Finance is working in collaboration with other ministries, government agencies and partners to ensure the transformation covers the following: A.The achievement of a fiscal balance program that contributes to the achievement of Vision 2030. This program will restructure and strengthen the Kingdom’s finances, and deliver fiscal balance through a continuous, comprehensive review of revenues, expenditures and projects. The main components of this program are: 1.Increasing the efficiency of capital and operational expenditure. 2.Increasing non-oil revenues. 3.Improving the efficiency of government support, including directing it to the groups of the society that need it most. 4.Promoting and supporting the economic growth and of the private sector 5.Supporting industrial sectors of strategic importance and economic potential B.Continuously improving financial planning procedures by applying international best practice. A road map will be set transition from the existing process to one that follows global best practice. Plans and models will also be established to facilitate the procedures for preparation of the 2018, and subsequent, budgets. C.Developing a transparent vision for managing cash flows in the short and medium term in coordination with government agencies and other related entities such as Public Pension Agency, General Organization for Social Insurance, the Public Investment Fund, and the top ministries in terms of capital expenditure. D.Linking expenses and expenditures with outputs to enhance efficiency and rationalization, and developing a mechanism to prepare and review through regular reports. E.Operating in accordance with the mechanisms stated in the NTP. F.Preparing a medium-term expenditure framework (3-5 years) in coordination with other government agencies. A road map will be developed for full transition to a medium-term expenditure framework. G.Developing a comprehensive strategy related to official data at the Ministry of Finance to provide a comprehensive vision and integrated structure. The strategy also aims to coordinate with other ministries and government agencies so their data and that of the ministries are integrated. Developing the Ministry's capacities and resources in managing data, content and business intelligence. The strategy will be implemented according to a timetable along with the governance and data security procedures. --SPA 19:44 LOCAL TIME 16:44 GMT www.spa.gov.sa/w296796