Gov't economic team discusses 2018 general budget | Business | Ammon News


Gov't economic team discusses 2018 general budget


[9/17/2017 10:31:08 AM]

AMMONNEWS - Prime Minister Hani Al Mulki chaired a meeting for the government economic team to discuss a number of economic issues and priorities, and follow up on the implementation of plans that had been approved previously.

Al Mulki stressed the importance of following up on the implementation of the economic stimulation plan and ensure that it would achieve its objectives.

The blueprint aims to revive the momentum of the economic growth and benefit from the available development capabilities in the Kingdom through creating sectoral economic and financial programmes to frame the visions and policies related to each sector.

The programme is also designed to generate jobs and develop human resources, in addition to preparing governmental institutions to be able to provide quality services. During the meeting, which also discussed the 2018 general budget, the prime minister said the budget should reflect economic priorities, and stressed the need to cut expenditure. He said the process of setting the budgets of governorates will be based on priorities defined by local councils, adding that this approach will accelerate the implementation of service projects and improve services in all the kingdom's governorates. The meeting also reviewed economic indicators over the past period that showed improvement and recovery in the first half of 2017, mainly in the sectors of tourism, exports, extractive industries, services, (Banks) and expatriates' remittances.

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