Majlis Al Shura members briefed on Oman's draft budget, 9th plan

Business Monday 14/November/2016 22:11 PM
By: Times News Service
Majlis Al Shura members briefed on Oman's draft budget, 9th plan

Muscat: Majlis Al Shura members were yesterday briefed on the state’s draft budget for 2017 as well as the reply of the government on the Council of Oman’s visions on the draft 9th five-year development plan and the state’s budget for 2016, in addition to the briefing on the draft cultural heritage law which was referred by Majlis Al Shura media and Culture Committee.
Majlis Al Shura held its first session of its second annual sitting (2016-2017) of its 8th term (2015-2019) under the chair of Khalid bin Hilal Al Ma’awali, Chairman of Majlis Al Shura.
During his speech, the Chairman of Majlis Al Shura pointed out that the joint sessions of the State Council and Majlis Al Shura during the first annual sitting discussed the differences between them on amending some of the provisions of the insurance companies law, the foreign capital investment law and the income tax law.
The second session discussed the difference in opinion about the draft Omani Penal Law.
Members of Majlis Al Shura approved the action plan provided by the permanent committees at the second annual session (2016-2017) namely the legislative and legal committee, the economic and financial committee, the health and environment committee, the education and scientific research committee and finally the services and community development committee.
The plans included discussing the laws referred from the government to Majlis Al Shura as per the provision of article 85 (bis) 35 of the Basic Law of the State which states that ‘the drat laws prepared by the government shall be referred for the Council of Oman for approval or amending them and then to be referred directly to His Majesty Sultan Qaboos bin Said for promulgation.
They also approved the draft laws and agreements that are expected to be referred from the government to Majlis Al Shura, as well as the many studies that will be conducted about them by the committees.
The rapporteurs of the committee highlighted the timetables for implementing these plans during the second annual session.
The discussion of the work plan for the youth and human resources committee, the food and water security committee, as well as the media and culture committee has been adjourned to the next regular sitting.
During the sitting, the members were also briefed on the draft agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income with the Government of the Republic of Sri Lanka which was referred by the government.