Shura discusses statement of Finance Minister on 2019 draft general budget

Muscat: Majlis Al Shura held its closed door third annual session of the fourth annual sitting 2018-2019 of the 8th term 2015-2019 under the chair of Khalid bin Hilal Al Ma’awali, Chairman of Majlis Al Shura.
During the closed-door session, Majlis Al Shura discussed the statement of the Minister Responsible for Financial Affairs on the draft state general budget for the fiscal year 2019.
In his statement, the Minister Responsible for Financial Affairs reviewed some of the themes related to the estimates of public revenues and expenditure, management of public debt in 2019, subsidy policies, the government investments status, the economic diversification programme, the foreign direct investment and the privatisation programme.
The session witnessed expanded discussions by members on the efforts made to provide stable financial environment that ensures continuous growth of national economy.
The members also raised questions on the contribution of the economic diversification programmes to enhancing non-oil revenue contribution to GDP.