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2019 budget law to be submitted to Parliament in 10 days: MP

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Parliament
Parliament's Finance Committee member Mahasen Hamdoun, on Wednesday, said that the national budget law for 2019 FY will be finalized and submitted to the Parliament within ten days.

The finance committee still is still discussing the law of the general budget with the relevant governmental committee, Hamdoun said, adding that so far, no decision has been taken to change the articles of the budget law.

The Finance Committee tries to reduce some of the shares of some ministries in the new budget and to increase that of other ministries that need more allocations, Hamdoun said.

She added that the finance committee, however, has not yet decided to reduce the share of any ministry in the budget.

Concerning the price of the oil barrel in the 2019 budget, Hamdoun said it is still $56, adding that it cannot be changed because measures have been taken based on this price.

Although the discussion of the new budget has been included in the agenda of most of the recent parliamentary sessions, it has not yet been finalized and voted on.
Last Modified: Wednesday، 16 January 2019 09:07 PM
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