Advisor to the Prime Minister resolves the controversy over the supplementary budget
Advisor to the Prime Minister resolves the controversy over the supplementary budget
Tuesday 4 May 2021 | 10:13 a.m.
The Economic Adviser to the Prime Minister, Mazhar Muhammad Salih, ruled out, on Tuesday, that there will be a supplementary budget for this year due to the delay in approving the general budget .
Salih said, “I do not expect that there will be a supplementary budget, because the general budget has been greatly disrupted and was approved a short time ago, and usually the country’s budget must be approved at the beginning of the year in order to know its revenues for the half year, and then it is known whether we need a supplementary budget or not “.
He added that “high oil prices do not necessarily mean that there is a supplementary budget, especially since the general budget is built on a deficit, and the price difference is better for the state than borrowing,” noting that “the supplementary budget is usually in the month of June in the middle of the year until it is known.” Better financial revenue . ”
Saleh explained, “The country’s situation determines this matter if there are important projects that need to be implemented after they have been postponed, in addition to the existence of deferred financial projects.”
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