Tuesday, March 13, 2018

Budget sent to Parliament with a $4.8 billion deficit. Process expedited to meet April conference deadline


The Cabinet has approved the draft budget for 2018 and the President has signed the related decree to refer it to Parliament for deliberation and ratification. The President has also signed a decree calling on Parliament to hold extraordinary sessions to ratify the draft budget and other draft laws.

The budget, valued at LL23,854 billion ($15.8 billion), does not include any new taxes or any additional fees that could be a burden for any social class, said Minister of Finance Ali Hassa...

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