Government: The salaries of employees and retirees are fully insured
09:14 - 01/29/2020
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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, on Wednesday reassured the employees and retirees, stressing that their salaries are fully guaranteed, and there is no prejudice to it, while he disclosed the movements and understandings between the House of Representatives and the ministers to present a workable budget.
"We assure the employees and retirees of securing salaries for the current fiscal year 2020, and there is no prejudice to them, especially as the cash flow of the budget is reassuring," Saleh said in a statement reported by the official newspaper Al-Sabah and viewed by him / the information.
Saleh announced, "Movements and understandings between the House of Representatives and the cabinet to present a workable budget that meets its social and economic goals, and work is continuing to be prepared by the Ministry of Finance concerned, although the caretaker government cannot pass bills."
He added, "The budget for the current year 2020 needs to be re-engineered towards reducing expenditures, reducing the deficit, maximizing some resources and creating what is called (financial sustainability), meaning that the budget has the ability to spend, and this needs time to prepare it properly," he said.
The consultant attributed the delay in approving the budget for the current year to "the conditions that the country went through recently, and the occurrence of many changes, including spending obligations and government decisions, and decisions of the House of Representatives according to the powers of the relevant authorities, which formed additional financial obligations on the budget, which led to a large financial deficit in it Therefore, the cabinet referred it after discussing it to the Ministry of Finance to reconsider some of the spending decisions, and to study some revenues in a way that makes them sustainable.
Saleh expected, "The maturity of the budget during the coming weeks, especially as there is consultation, understanding and exchange of ideas and opinions by the concerned authorities, in an attempt to take measures in a manner that makes the budget permanent, and enhance resources as much as possible, reduce deficits, and control debts." Ended / 25