Thursday, January 25, 2018

Public entities to cut spending by 20 percent. Wages and related costs are excluded


The Prime Minister has instructed all state departments, public institutions, and other entities financed through the public budget to reduce their cost projections for the draft budget of 2018 by 20 percent.

The decision is part of the government's financial policy that aims to rationalize spending and rein in public finance.

Salaries and related costs are excluded from the budget cuts. The concerned entities should resubmit their reduced draft budgets within two weeks to the Mini...

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