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Majida al-Tamimi: Budget financing is subject to fluctuation depending on oil prices
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A member of the Finance Committee MP Magda al-Tamimi disclosed important financial statements for the period from January 1 to April 30 of this year 2019, and the balance remaining after the financing of current and investment budgets.
Tamimi said in a press statement: "The proportion of the current budget amounted to 95.7% and the ratio of salaries was 65.9%, which is very high."
"The ratio of the investment budget was 4.2%, while the proportion of oil revenues 94.5% compared to 5.4% for non-oil revenues, which means modest contribution of non-oil revenues, which makes the funding of the budget vulnerable to fluctuations resulting from the change in oil prices."
She stressed the need for comprehensive review of the laws legislated after 2003 to reconsider the fairness of the distribution of incomes, as well as activating and supporting the private sector and creating an environment conducive to its development.
Tamimi pointed to "the ministerial platform of the government, which stressed the encouragement and stimulation of the investment environment in all sectors and the market economy."
The value of the remaining balance of total revenues and the balance of the first term and after the financing of current and investment funds amounted to 16.08 trillion dinars.
A member of the Finance Committee MP Magda al-Tamimi disclosed important financial statements for the period from January 1 to April 30 of this year 2019, and the balance remaining after the financing of current and investment budgets.
Tamimi said in a press statement: "The proportion of the current budget amounted to 95.7% and the ratio of salaries was 65.9%, which is very high."
"The ratio of the investment budget was 4.2%, while the proportion of oil revenues 94.5% compared to 5.4% for non-oil revenues, which means modest contribution of non-oil revenues, which makes the funding of the budget vulnerable to fluctuations resulting from the change in oil prices."
She stressed the need for comprehensive review of the laws legislated after 2003 to reconsider the fairness of the distribution of incomes, as well as activating and supporting the private sector and creating an environment conducive to its development.
Tamimi pointed to "the ministerial platform of the government, which stressed the encouragement and stimulation of the investment environment in all sectors and the market economy."
The value of the remaining balance of total revenues and the balance of the first term and after the financing of current and investment funds amounted to 16.08 trillion dinars.
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