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Finance
Ministry Reviews Mechanisms for Electronically Conducting Annual Inventory of
Government Assets
Muscat,
7 Oct 2026 (ONA) — The Ministry of Finance is organizing workshops for more
than 48 government entities on the annual inventory procedures for 2026, to
introduce the mechanisms for electronically conducting the annual inventory of
government assets using the National Register of Government Assets system
“Osool”.
The
workshops aim to introduce the mechanism for conducting the physical inventory
of assets, alongside the procedures for registering, documenting, and tracking
inventory results electronically, thereby contributing to elevating data
accuracy and enhancing the efficiency of inventory follow-up.
These
workshops come within the framework of the Ministry of Finance’s efforts to
raise the quality of government asset data, enhance the efficiency of its
management, and optimize its utilization to support decision-making.
—Ends/AG
