Joint ministerial sector meeting endorses the framework vision for macroeconomic reform

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Joint ministerial sector meeting endorses the framework vision for macroeconomic reform

The joint meeting of the ministerial sectors of the Council of Ministers approved Sunday, October 21, 2018, under the chairmanship of Dr. Fadl Abdullah Fadl Minister of Presidential Affairs the vision framework for the reform of the macroeconomic and methodology and guidelines for the preparation of the budget in 2019 to be submitted to the Council of Ministers for the final leave.

Mr. Mustafa Yousef Hawali, Minister of State in the Ministry of Finance and Economic Planning, said that the budget for the year 2019 represents the beginning of the shift in the methodology of preparing the budget from the balance of the items to the budget of programs and performance and linking them to the strategic objectives of the state, noting that the budget is based on achieving a stable and sustained economic growth rate As well as an increase in public revenues from real sources.
He said that the budget of 2019 focuses on projects related to reducing the burden of living and finding jobs and reform of the civil service within the framework of the reform of the state apparatus to improve performance, as well as completion of ongoing projects in the infrastructure associated with production and increase exports and enable the private sector of local and foreign Leading economic activity and creating an investment environment.

The meeting stressed the need to build capacity in the field of implementing the budget of programs and performance and to complete the applications of information technology in the management of state resources, stressing the importance of implementation of the matrix of the promotion of exports in coordination with ministries and relevant bodies.