[You must be registered and logged in to see this link.] On 10/21/2020 - 3:18 PM 200[/size]
The Ministry of Finance issued today, Wednesday, an explanatory statement about the “white paper” that the government launched a few days ago, while it showed the positive points related to the paper.
"In the framework of the Ministry of Finance's continuous endeavor, and based on its responsibility to reform the current economic and financial reality, the ministry, through the visions carried by the financial reform paper, is moving towards a diversified, multi-source economy," the ministry said in a statement, which Al Ahed News received.
The statement added, "The reform and activation of the private sector is done by creating a stable investment environment, and reviewing some self-financed public companies, in addition to activating the collection of the electricity sector."
The ministry pointed out that "the reform paper also seeks to change the course of the national economy from the role of state control to the role of regulation and law enforcement, paying attention to vulnerable groups and social welfare, and working to introduce radical improvements to the state's management of the public financial system to reduce the continuous waste of resources."
The statement pointed out that "restructuring the banking sector is an urgent necessity, as it is the backbone of any economic expansion through developing deposits and loans using a different mechanism from the current one."
She indicated, "The current decline in productivity and income due to the dominance of the unproductive public sector calls for the development of real and scientific treatments, and this is what the financial reform paper seeks to do."
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