Enhancing Future Financial Readiness: A Strategic Study for Building an Institutional Government Financial Innovation Model at the Department of Finance – Ajman.

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In light of the profound transformations in public resource management over the past two decades—driven by rapid economic, technological, and legislative shifts—traditional financial models centered solely on compliance and control have become inadequate for addressing modern complexities. This study addresses the urgent need for 'Future Financial Readiness' as a dynamic institutional capability that transcends linear forecasting to embrace strategic foresight, innovation, and adaptive resilience. By examining the institutional context of the Department of Finance in Ajman, the research identifies a critical gap in integrated financial innovation frameworks that link readiness with governance and impact measurement. Consequently, the study proposes an original, multidimensional model designed to transition government financial management from a reactive posture to a proactive, innovation-driven paradigm, thereby ensuring fiscal sustainability and the maximization of sustainable public value.

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Read the full study here.

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