Meeting of Technical Committees Reviews Bases and Rules of General Budget

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Meeting of Technical Committees Reviews Bases and Rules of General Budget

A joint meeting of the technical committees of the ministerial sectors in the Council of Ministers was held Saturday under chairmanship of the Secretary General of the Council of Ministers, Osman Hussein, and reviewed a report on the bases and rules of the general budget for the fiscal year 2021, presented by the Undersecretary of the Ministry of Finance and Economic Planning, Amina Abbaker Abdul-Rasoul.

The 2021 budget aims to achieving economic stability in the state, taking into account the requirements of reaching a just, comprehensive and sustainable peace and achieving the goals of sustainable development in the year 2030, realizing growth rates for the gross domestic product (GDP), reducing the rate of the general budget’s deficit, diversifying sources of national income, coordination of the financial and monetary policies to curb the inflation and pushing ahead the development, as well as reducing the impact of economic reforms on the vulnerable groups and categories by providing education, health, social security services and direct support.
The rules of the budget for fiscal year 2021 included a set of financial policies, the most important of which is the public finance reform policies, by enhancing and reactivating the sources of revenues, rationalizing the public spending, rearranging the spending priorities, expanding the external finance outlets and strengthening the institutional environment to restore economic growth.
 The joint meeting of the technical committees recommended the importance of the full implementation the unified treasury system and expediting the approval of the Investment, besides including all the remarks related to the bases and rules for preparing the general budget for the fiscal year 2021 prior to presenting them to the joint meeting of the ministerial sectors for approval.

It is noteworthy that the 2021 budget derives its references from the government policies included in the constitutional document for the transitional period, the comprehensive peace agreement, the economic programs of the Forces of Freedom and Change and the recommendations of the First Economic Conference.