Nation Bulletin

Sultan proposes reform for budget liquidity

Government focusing more and more efficiency, including in spending

By Adi Samla, Commerce News
03/18/2024 09:54 pm
Updated: 05/12/2024 03:49 pm

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The investments made by the central government have brought great profitability to the country. However, the possibility of debt worries the population and members of the government.

 

Today Sultan Yasmin proposed limiting central government spending. Spending will thus be lower compared to the trend in revenue growth. This will force government spending to be financed mostly by taxes alone, rather than by debt.

 

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Royal Sultanate Council of Beistum

The long-term reform will generate stability in expenditure variations, increasing the government's credibility in honoring its commitments.