Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach

Nabil Abd El Raouf Ebrahim; Aber Hany Mohamed

doi:doi:10.11648/j.jfa.20241204.12

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Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach

Nabil Abd El Raouf Ebrahim^*, Aber Hany Mohamed

Published in Journal of Finance and Accounting (Volume 12, Issue 4)

Received: 27 April 2024 Accepted: 9 July 2024 Published: 26 September 2024

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Abstract

The digital transformation in Egypt derives, its importance from the Sustainable Development Goals (Egypt Vision 2030) to reduce borrowing in addition to reducing public debt and the sustainability of financial inclusion, and this is achieved through financial discipline, which is one of the most prominent topics that have received wide attention in many developed countries, perhaps the accounting requirements to achieve institutional reform contributes greatly to financial discipline, especially with financial inclusion, especially when preparing the public budget in order to measure the ability of public expenditure to achieve sustainable development indicators, from the ability to manage financial expenditure, and revenues accurately and in a way that responds to financial goals after reviewing the previous studies, the researcher came up with a proposed approach that can be applied to some government institutions through accounting requirements. The researcher came up through statistical analysis using the Chi-square test, to indicate the significance of this proposed approach among the selected sample, with an order of priorities. The researcher found out the safety and strength of the proposed approach through the sample answers for many of them. the researcher believes that the application of the proposed approach and the five axes that could be deduced from the answers of the study categories, contributes greatly to the financial discipline to achieve sustainable development for Egypt 2030.

Published in	Journal of Finance and Accounting (Volume 12, Issue 4)
DOI	10.11648/j.jfa.20241204.12
Page(s)	87-107
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Institutional Reform, Digital Transformation, Financial Discipline, Sustainable Development

References

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[2]	Minister of Investment's Decision No. 110 of the year 2015, issuing Egyptian Accounting Standards.
[3]	Luis Alfonso Dau, Elizabeth M. Moore, Tatiana Kostova, “The impact of market based institutional reforms on firm strategy and performance: Review and extension”, Journal of World Business, 3 February 2020.
[4]	Jorge Gallego, Stanislao Maldonado, Lorena Trujillo, “From curse to blessing? institutional reform and resource booms in Colombia”. Journal of Economic Behavior & Organization,10 August 2020.
[5]	Oliver Hülsewig, Armin Steinbach, “Monetary financing and fiscal discipline”. International Review of Law and Economics, 2 July 2021.
[6]	André Carlos Busanelli de Aquino, Richard A. Batley, “Pathways to hybrid-ization: Assimilation and accommodation of public financial reforms in Brazil”. Accounting, Organizations and Society, 8 September 2021.
[7]	Rosaria Rita Canale, Elina De Simone, Nicola Spagnolo, “Financial markets and fiscal discipline in the Eurozone”, Structural Change and Economic Dynamics, 25 July 2021.
[8]	Vasvári, Tamas, “Hardening the budget constraint: Institutional reform in the financial management of Hungarian local governments”. Business & Economics Journal, Volume70 Issue4, 2021.
[9]	Shivani Narayan, Dilip Kumar, Elie Bouri, “Systemically important financial institutions and drivers of systemic risk: Evidence from India”, Pacific-Basin Finance Journal, 17 September 2023.
[10]	Antonio A. Golpe, A. Jesus Sánchez-Fuentes, José Carlos Vides, “Fiscal sustainability, monetary policy, and economic growth in the Euro Area: In search of the ultimate causal path”. Economic Analysis and Policy, 8 May 2023.
[11]	Muhammad Lotfy Youssef Nasr; Mr. Hassan Mahdi Amer: “Institutional change and possibilities for improving water management in light of economic reform policies in the Arab Republic of Egypt,” Egyptian Journal of Development and Planning, Volume 6, Issue 1, June: 1998.
[12]	Asmaa Ezzat: “Institutional reform and governance as a basic pillar for building the new Egyptian state,” International Journal of Public Policy in Egypt, Volume 2 – Issue 3, July: 2023.
[13]	Muhammad Lotfy Youssef Nasr; Mr. Hassan Mahdi Amer: “Institutional change and possibilities for improving water management in light of economic reform policies in the Arab Republic of Egypt,” Egyptian Journal of Development and Planning, Volume 6, Issue 1, June: 1998.
[14]	Jin Zhao, Ghulam Rasool Madni, “Institutional Reforms and Their Impact on Economic Growth and Investment in Developing Countries” School of Finance, Shanghai Lixin University of Accounting and Finance, Shanghai, China: 2019.
[15]	Chen ChenTian ZhangXiulin Qi, “Regional financial reform and corporate green innovation–Evidence based on the establishment of China National Financial Comprehensive Reform Pilot Zones”. Finance Research Letters, 12 December 2023.
[16]	Hongguang Sui Simin Geng Noshaba Aziz, “Fiscal institutional reform and export product quality: Quasi-experimental research on counties managed directly by provinces” Economic Modelling, 27 May 2023.
[17]	Mohamedeen Sayed Ahmed, 2020, “Egypt’s Dream 2030, Paperless Gov-ernment, “Digital Transformation” is a Quantitative Shift that Liberates Egypt from Bureaucracy and Administrative Corruption,” Arab Business Administration Association, Year: 2020, Issue, 170, p. 6.
[18]	The state's general budget 2024/2025.
[19]	MIT Sloan Management Review, https://whatfix.com/digital-transformation
[20]	Investment Authority website https://www.gafi.gov.eg/Arabic/eServices/Pages/ISN.aspx
[21]	Information Sector at the Egyptian Tax Authority
[22]	Mohamed Amin Hanafi Abdullah, Mechanisms of Digital Transformation and Financial Discipline (Case Study: India). Scientific Journal of Business Research, Faculty of Commerce - Menoufia University. Volume 49, Issue 2, Part 1 (April: 2023)
[23]	Official Gazette, Law No. 18 of 2024, Issue No. 13, repeated (1), issued on 30/3/2024
[24]	The Official Gazette, Law No. (6) for the year 2022, Issue No. (5) reissued (d), issued on February 8, 2022.
[25]	Nasserine Fayez Ahmed Bedawi: "Financial Discipline and its Impact on Public Debt in Egypt," Scientific Journal of Research and Business Studies, Issue No. (37), June 2023.
[26]	The Official Gazette, Issue No. (9) repeated (a), Prime Minister's Decision No. (636) of the year 2024, issued on March 3, 2024.
[27]	The General Budget of the Egyptian State 2024/2025. https://mof.gov.eg/ar/posts/stateGeneralBudget

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APA Style

Ebrahim, N. A. E. R., Mohamed, A. H. (2024). Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach. Journal of Finance and Accounting, 12(4), 87-107. https://doi.org/10.11648/j.jfa.20241204.12

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ACS Style

Ebrahim, N. A. E. R.; Mohamed, A. H. Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach. J. Finance Account. 2024, 12(4), 87-107. doi: 10.11648/j.jfa.20241204.12

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AMA Style

Ebrahim NAER, Mohamed AH. Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach. J Finance Account. 2024;12(4):87-107. doi: 10.11648/j.jfa.20241204.12

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@article{10.11648/j.jfa.20241204.12,
  author = {Nabil Abd El Raouf Ebrahim and Aber Hany Mohamed},
  title = {Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach
},
  journal = {Journal of Finance and Accounting},
  volume = {12},
  number = {4},
  pages = {87-107},
  doi = {10.11648/j.jfa.20241204.12},
  url = {https://doi.org/10.11648/j.jfa.20241204.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20241204.12},
  abstract = {The digital transformation in Egypt derives, its importance from the Sustainable Development Goals (Egypt Vision 2030) to reduce borrowing in addition to reducing public debt and the sustainability of financial inclusion, and this is achieved through financial discipline, which is one of the most prominent topics that have received wide attention in many developed countries, perhaps the accounting requirements to achieve institutional reform contributes greatly to financial discipline, especially with financial inclusion, especially when preparing the public budget in order to measure the ability of public expenditure to achieve sustainable development indicators, from the ability to manage financial expenditure, and revenues accurately and in a way that responds to financial goals after reviewing the previous studies, the researcher came up with a proposed approach that can be applied to some government institutions through accounting requirements. The researcher came up through statistical analysis using the Chi-square test, to indicate the significance of this proposed approach among the selected sample, with an order of priorities. The researcher found out the safety and strength of the proposed approach through the sample answers for many of them. the researcher believes that the application of the proposed approach and the five axes that could be deduced from the answers of the study categories, contributes greatly to the financial discipline to achieve sustainable development for Egypt 2030. 
},
 year = {2024}
}

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TY  - JOUR
T1  - Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach

AU  - Nabil Abd El Raouf Ebrahim
AU  - Aber Hany Mohamed
Y1  - 2024/09/26
PY  - 2024
N1  - https://doi.org/10.11648/j.jfa.20241204.12
DO  - 10.11648/j.jfa.20241204.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 87
EP  - 107
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20241204.12
AB  - The digital transformation in Egypt derives, its importance from the Sustainable Development Goals (Egypt Vision 2030) to reduce borrowing in addition to reducing public debt and the sustainability of financial inclusion, and this is achieved through financial discipline, which is one of the most prominent topics that have received wide attention in many developed countries, perhaps the accounting requirements to achieve institutional reform contributes greatly to financial discipline, especially with financial inclusion, especially when preparing the public budget in order to measure the ability of public expenditure to achieve sustainable development indicators, from the ability to manage financial expenditure, and revenues accurately and in a way that responds to financial goals after reviewing the previous studies, the researcher came up with a proposed approach that can be applied to some government institutions through accounting requirements. The researcher came up through statistical analysis using the Chi-square test, to indicate the significance of this proposed approach among the selected sample, with an order of priorities. The researcher found out the safety and strength of the proposed approach through the sample answers for many of them. the researcher believes that the application of the proposed approach and the five axes that could be deduced from the answers of the study categories, contributes greatly to the financial discipline to achieve sustainable development for Egypt 2030. 

VL  - 12
IS  - 4
ER  -

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Author Information

Nabil Abd El Raouf Ebrahim

High Institute for Computers, and Information Technology, Sherouk Academy, Cairo, Egypt

Contact Email
Aber Hany Mohamed

High Institute for Computers, and Information Technology, Sherouk Academy, Cairo, Egypt

Contact Email

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Plain Text BibTeX RIS

APA Style

Ebrahim, N. A. E. R., Mohamed, A. H. (2024). Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach. Journal of Finance and Accounting, 12(4), 87-107. https://doi.org/10.11648/j.jfa.20241204.12

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ACS Style

Ebrahim, N. A. E. R.; Mohamed, A. H. Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach. J. Finance Account. 2024, 12(4), 87-107. doi: 10.11648/j.jfa.20241204.12

Copy | Download

AMA Style

Ebrahim NAER, Mohamed AH. Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach. J Finance Account. 2024;12(4):87-107. doi: 10.11648/j.jfa.20241204.12

Copy | Download

@article{10.11648/j.jfa.20241204.12,
  author = {Nabil Abd El Raouf Ebrahim and Aber Hany Mohamed},
  title = {Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach
},
  journal = {Journal of Finance and Accounting},
  volume = {12},
  number = {4},
  pages = {87-107},
  doi = {10.11648/j.jfa.20241204.12},
  url = {https://doi.org/10.11648/j.jfa.20241204.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20241204.12},
  abstract = {The digital transformation in Egypt derives, its importance from the Sustainable Development Goals (Egypt Vision 2030) to reduce borrowing in addition to reducing public debt and the sustainability of financial inclusion, and this is achieved through financial discipline, which is one of the most prominent topics that have received wide attention in many developed countries, perhaps the accounting requirements to achieve institutional reform contributes greatly to financial discipline, especially with financial inclusion, especially when preparing the public budget in order to measure the ability of public expenditure to achieve sustainable development indicators, from the ability to manage financial expenditure, and revenues accurately and in a way that responds to financial goals after reviewing the previous studies, the researcher came up with a proposed approach that can be applied to some government institutions through accounting requirements. The researcher came up through statistical analysis using the Chi-square test, to indicate the significance of this proposed approach among the selected sample, with an order of priorities. The researcher found out the safety and strength of the proposed approach through the sample answers for many of them. the researcher believes that the application of the proposed approach and the five axes that could be deduced from the answers of the study categories, contributes greatly to the financial discipline to achieve sustainable development for Egypt 2030. 
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - Accounting Requirements for Institutional Reform to Achieve Egypt’s Vision 2030 for Sustainable Financial Discipline, Proposed Approach

AU  - Nabil Abd El Raouf Ebrahim
AU  - Aber Hany Mohamed
Y1  - 2024/09/26
PY  - 2024
N1  - https://doi.org/10.11648/j.jfa.20241204.12
DO  - 10.11648/j.jfa.20241204.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 87
EP  - 107
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20241204.12
AB  - The digital transformation in Egypt derives, its importance from the Sustainable Development Goals (Egypt Vision 2030) to reduce borrowing in addition to reducing public debt and the sustainability of financial inclusion, and this is achieved through financial discipline, which is one of the most prominent topics that have received wide attention in many developed countries, perhaps the accounting requirements to achieve institutional reform contributes greatly to financial discipline, especially with financial inclusion, especially when preparing the public budget in order to measure the ability of public expenditure to achieve sustainable development indicators, from the ability to manage financial expenditure, and revenues accurately and in a way that responds to financial goals after reviewing the previous studies, the researcher came up with a proposed approach that can be applied to some government institutions through accounting requirements. The researcher came up through statistical analysis using the Chi-square test, to indicate the significance of this proposed approach among the selected sample, with an order of priorities. The researcher found out the safety and strength of the proposed approach through the sample answers for many of them. the researcher believes that the application of the proposed approach and the five axes that could be deduced from the answers of the study categories, contributes greatly to the financial discipline to achieve sustainable development for Egypt 2030. 

VL  - 12
IS  - 4
ER  -

Copy | Download