“Budget Objectives Attainable with Effective, Efficient Economic Management” — PM

تم نشره في Thu 21 December / Dec 2017. 01:00 AM
  • Prime Minister Dr Hani Mulqi addressing the MP Committee on Financial and Fiscal Affairs - (Petra)

AMMAN —AlGhad— In a meeting with the MP Committee on Financial and Fiscal Affairs today, Thursday, Prime Minister Dr Hani Mulqi stated that the objectives of the 2018 Budget will not be difficult to attain if the economic file is run effectively and efficiently.

The JOD140-million allocation to bread subsidisation is drawn from the Central Bank of Jordan (CBJ)’s reserves of foreign and hard currencies, he explained, which is not good for the economy. Especially with so much of it going to waste, he underscored.

“We know for a fact that a significant amount of subsidised bread goes to waste”, Mulqi said. More so, “there is corruption to consider also when it comes to the flour distribution and subsidisation process,” he added.

Meanwhile, in order to address this problem, the government has allocated JOD171 million to the support of the impoverished segments of society, Mulqi reaffirmed.

He also stressed that the distribution of these subsidies will be automated and that the government is committed to its plans, pending the approval of the House of Representatives of course.

Moreover, MP Mulqi announced that the government will put aside JOD25 million of the emergency expenditures to support vital support operations, of which JOD10 million will go to supporting the civil and military consumer corporations, in order to maintain prices.

Additionally, JOD10 million of the total JOD25 million will go to supporting the National Welfare Fund, in order to expand the programme, and another JOD5 million to support school-foodstuff and nutrition in impoverished areas.

However, “we must not forget about corruption and the vitality of countering tax evasion,” Chief of the MP Committee Ahmad Safadi underlined.

On his part, Speaker of the House of Representatives, MP Atef Tarawneh, who presided over the meeting today, said the House Committee would run the Bill and the government’s suggestions by the Decentralised and Local Committees before preparing the final report.

The House will receive the report come Tuesday, Tarawneh said, in order to prepare for the final debate on the 2018 Budget Bill.

Furthermore, Tarawneh stressed that “we know we must prioritise”, despite the many valid questions that must be addressed.

“We all agree on the diagnosis of our economic situation and we all share the responsibility. However, we may disagree on how to remedy our problems and how to approach them,” he said.