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No deficit in next year's budget
The first 12/04/2023
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aima Rashid
The Parliamentary Finance Committee pointed out that this year’s budget was not fully spent, but rather the allocations for ongoing projects were released and spent, and while it clarified that spending reached 117 trillion dinars, it indicated that the 2023 and 2024 budgets do not have a deficit.
Committee member, Moeen Al-Kazemi, told Al-Sabah: The committee had a meeting with the Budget Department in the Ministry of Finance, and what has happened so far is the release of allocations to governorates and ministries, but not in the required manner, noting that what was spent during the first six months amounted to 47 trillion dinars. .
Al-Kadhimi added that in the second six months, the spending rate will reach more than 70 trillion, and thus we will not have a budget deficit, but rather there will be a “surplus,” stressing that next year will be without a deficit.
Al-Kadhimi pointed out that after the elections are completed, more allocations will be made to governorates and ministries to implement projects, which will lead to the advancement of the government program presented by the Prime Minister.
Edited by: Adhraa Juma
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