Proposed budget has $4.8 billion deficit. Salary scale to be included in the 2017 budget

The Ministry of Finance (MoF) has projected budget revenues of LL16,384 billion ($11 billion) for 2017 and expenditures of LL23,670 billion ($15.7 billion).

The MoF aims to reduce the fiscal deficit to $4.8 billion from the $4.9 billion recorded last year, which will lower the deficit to GDP ratio to 8.7 percent from 9.3 percent, said Finance Minister Ali Hassan Khalil.

The 2017 budget figures take into consideration an anticipated economic growth of two percent.

The overal...

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