Times of Oman
Committee completes draft budget discussion
December 6, 2017 | 10:20 PM
by ONA
The State Council’s Expanded Economic Committee has completed its discussion of the draft state general budget for the fiscal year 2018, which was referred by Majlis Al Shura after approving it during its fifth regular session of the third annual sitting of the 8th term. - ONA
 
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Muscat: The State Council’s Expanded Economic Committee has completed its discussion of the draft state general budget for the fiscal year 2018, which was referred by Majlis Al Shura after approving it during its fifth regular session of the third annual sitting of the 8th term.

The State Council’s Expanded Economic Committee, which held a meeting under the chair of Sheikh Mohammed bin Abdullah Al Harthy, Head of Economic Committee, reviewed the visions of Majlis Al Shura on the draft budget.

It hailed the efforts exerted by the government to prepare the draft budget, which took into consideration the challenges of improving the financial indicators for financial performance, as well as the efforts made to achieve the socioeconomic objectives of the 9th five-year development plan.

The Committee also appreciated the remarks made by Majlis on the draft budget.



The Committee decided to refer its report on the draft budget and its remarks and visions to the next general session for discussion and then raise it to the Council of Ministers with the recommendations of the State Council and Majlis A’Shura as per the provision of article (58) bis (40) of the Basic Law of the State.

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