On Monday morning, 23/5/1443 A.H., the University, represented by the College of Economics and Administration, organized a workshop entitled "Spending Efficiency in the University" in the Great Hall of the College, under the patronage of His Excellency Prof. Abdulrahman bin Hamad Al-Dawood, President of the University, and in the presence of His Excellency Dr. Muhammad Al-Saawi, Vice President of the University. 

In his speech following the opening of the workshop, the UQU Vice President emphasized that the university's senior administration, represented by His Excellency the President, aims, through sponsoring this workshop, to make the issue of spending efficiency a general culture at the level of all colleges, departments and units of the university, pointing out that the state, may Allah protect it, represented by the Ministry of Finance, has set the year 2023 as the year of financial balance, in its endeavor to make expenditures compatible with revenues, where government agencies, including Qassim University, set a financial ceiling for their annual budget.

Al-Saawi explained that the university strives to be compatible with the ceiling set by the Ministry of Finance, pointing out that all colleges work with the university administration to ensure that expenditures are highly efficient and fulfill the task for which they were set, without affecting the research process or community services performed by the university, calling on everyone to spread the culture of spending efficiency in their colleges, deanships and various administrative units, and emphasizing the university's ability, God willing, to make its expenditures according to what was set for it in the most efficient and effective way possible. 

For his part, the Dean of the College of Economics and Administration, Dr. Ahmed Al-Tuwaijri, said: This workshop reflects the university's interest and strategic orientation towards achieving spending efficiency, spreading this culture and applying it in various departments and deanships, pointing out that this workshop is in line with the general direction of the state and Vision 2030 and its orientation towards spending efficiency, and also in line with the university's strategic orientation, as the university has a specialized goal for spending efficiency and has strategic initiatives and projects keen to apply spending efficiency in the university.

They also talked about the responsibility and importance of each individual in the university, stressing that everyone is required to rationalize his spending, have operational efficiency, and then we will have spending efficiency by the grace of Allah. They also pointed out that each college and department is committed to awareness and education according to its competence and role, expressing their support for the university's direction in this regard.

The workshop, which was attended by Dr. Fahad bin Abdulaziz Al-Muhaimid, Head of the Department of Economics and Finance at the College, and Dr. Fahad bin Al-Nafi, Associate Professor of Accounting at the College, addressed the distinction between "the concept of rationalizing spending" and "the concept of raising spending efficiency", in addition to talking about the Spending Efficiency Authority, government projects (EXPRO), the National Debt Management Center, and the Non-Oil Revenue Development Center, as well as the most important tasks of the Authority, which are spending efficiency in using all human, financial and operational resources efficiently.

The workshop also addressed the role of accounting in activating spending efficiency at the university and the tasks required from the university's financial affairs, and the importance of shifting from the cash basis to the accrual basis in activating spending efficiency, in addition to talking about the university strategy 2020-2025, which includes developing the university's endowment, diversifying funding sources, improving spending efficiency and reviewing practical applications, after which the door was opened for discussion and interventions and answering the questions and inquiries of the attendees.