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Value of non-financial assets amounts to 814 million rupees

ITN News Editor
By ITN News Editor June 11, 2018 13:29

Value of non-financial assets amounts to 814 million rupees

According to the Republic’s financial performance, the value of non-financial assets amounted to 814 million rupees. The Ministry of Finance and Mass Media announced that this calculation had been done according to the report prepared in the year 2017.

The Non-financial assets that prevailed in the country during the year 2015 was reported as 21 million rupees. The figure in 2016 was reported as 346 billion rupees while a streamlined programme is now operative for the reportage of all non-financial assets of the Central Government which had so far not been reported within the next two years. The related financial publications have been publicized on 31st May in the official website of the Ministry of Finance and Mass Media.

The current accounting system under the enhanced monetary base in the public sector will be converted into an accounting system on a sound basis within the next decade.Accordingly, the Ministry of Finance and Mass Media said that state financial information can be more accountable and transparent.

ITN News Editor
By ITN News Editor June 11, 2018 13:29