Finance Adviser Salehuddin Ahmed on Monday officially announced the successful completion of the budget preparation for 72 institutions for the current year using SABRE± software.
SABRE± stands for the State-Owned Enterprises (SoE) and Autonomous Bodies (AB) Budget, Reporting and Evaluation database.
The announcement was made at finance adviser's office in the Finance Division.
Previously, the Finance Division used to prepare the budgets for 49 organisations offline, officials said.
To ensure transparency and accountability in the financial and institutional management of State-owned Enterprises and Autonomous Bodies, the government is using this software, said the officials.
This software is used for budget preparation, accounting of debt and contingent liabilities along with the fiscal risk analysis and evaluation of the overall management these institutions.
The government is now working to bring approximately 400 state-owned and autonomous institutions under the SABRE+ database through this online system.
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SABRE+ is an online database system developed by the Monitoring Cell of the Finance Division. It is used to prepare the budgets of State-owned Enterprises and Autonomous Bodies, calculate their debt and contingent liabilities along with to report and evaluate their overall performance.
The system aims to ensure transparency, efficiency, and sound financial management by simplifying the processes of budget preparation, accurate accounting of assets and liabilities, evaluation, and reporting through a digital online platform.
SABRE+, which was launched on a trial basis in September 2023, began its journey by piloting in 12 institutions in the last fiscal year. In the current 2024-25 fiscal year, it has played a major role in data-driven decision-making for budget preparation for 72 organisations, calculating debt and contingent liabilities for 101 organisations, assessing fiscal risk, and evaluating the performance of 20 organisations.
The Application Programming Interface (API) of SABRE+ with iBAS++ allows for the automatic exchange of data within national financial records. This ensures coordination, reduces duplication of work, and facilitates real-time monitoring of financial flows.
In the current fiscal year, 72 State-owned Enterprises and Autonomous Bodies have submitted their budgets through SABRE+. The transition from an offline to an online system has made the budget process more accurate along with has enhanced transparency and accountability in financial flows.