Council of Ministers Reviews Amendment in Economic Policies

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Council of Ministers Reviews Amendment in Economic Policies

In a press statement after the meeting, the Minister of Culture and Information and government spokesman, Faisal Mohamed Salih, said that the meeting has discussed the economic performance and affirmed the need to amend the economic policies to cope with the new circumstances that had been created by coronavirus.
 
He said that the Cabinet reviewed in general the institutional form for the economy, the structural economic situation, the rationalization of subsidy and means of confronting the pending economic challenges.
Faisal indicated that the Minister of Finance, Dr. Ibrahim Al-Badawi has presented a report at the meeting in which he explained that a common ground and concepts have been reached with the economic committee of the Forces of Freedom and Change.
 
He said that the Council of Ministers has given a period of three days for the joint committee of the Ministry of Finance and the Forces of Freedom and Change to present a joint report on part of the new economic measures for achieving economic reform and dealing with the subsidy issues to comply with the urgent circumstances created by coronavirus and to easing the citizens’ living conditions