Executive-legislative meeting discusses draft budget project

Manama, May 7 (BNA): A joint executive legislative meeting was held today to discuss a draft law approving the state’s general budget for the fiscal years 2023-2024 attached to Decree No. (34) of 2023.

The session was co-chaired by Parliament Speaker Ahmed bin Salman Al-Musallam, Shura Council Speaker Ali bin Saleh Al-Saleh and Minister of Finance and National Economy Sheikh Salman bin Khalifa Al Khalifa.

In his speech before the session, the Speaker of Parliament indicated that the legislative authority gives full priority to improving the standard of living of citizens, in line with the directives of His Majesty King Hamad bin Isa Al Khalifa and with the support of His Royal Highness Prince Salman bin Hamad Al Khalifa. Crown Prince and Prime Minister.

He renewed the commitment of the legislative authority in the government to fulfill the royal directives to improve the standard of living of citizens and improve development programs to meet the basic needs of Bahrainis.

He praised the efforts of the financial and economic affairs committees in the House of Representatives, the Shura Council and the government team, announcing the holding of other meetings to reach the common goal.

Al-Saleh said that the executive legislative agreement regarding the details of the state’s draft general budget embodies the directives of His Majesty the King and deepens consultations with the government headed by His Highness the Crown Prince and Prime Minister.

He pointed to the continuation of the discussion on constructive proposals with the government, which reflects the joint commitment to support initiatives and plans aimed at enhancing financial and economic stability in Bahrain and reaching financial balance.

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He praised the efforts of the financial and economic affairs committees in the House of Representatives and the Shura Council, expressing his thanks to the Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa, and the government team for their keenness to provide all data and respond to inquiries. On the draft state budget.

The Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa, said that all efforts and resources will be harnessed to achieve national interests, and pledged to continue collective work with the legislative authority.

He pointed out that the draft state budget 2023-2024 takes into account the need to maintain financial stability and sustainable economic growth, create promising opportunities for citizens, adhere to the fiscal balance program, improve the efficiency of government service and develop performance.

He said that these foundations will be a starting point for achieving the desired goals in preserving economic stability and the purchasing power of the citizen, pointing to the continuation of efforts to adopt policies that raise the standard of living and preserve purchasing power. The power of retirees.

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