Shide said during the presentation of the federal government’s budget bill at the twenty-fourth ordinary session of parliament that the country’s economy has grown at an average rate of 6.1 percent in recent years and will grow by 7.5 percent in the current period.
The budget proposal was based on the assumption that this set of activities, which relate to manufacturing, goods and services, among others, will return to a normal and healthy state after the crisis, and on the tight monetary and fiscal policies promoted by the government Measures government, he specified.
It also has an unadjusted budget deficit of more than $5,000,166 million.
On the other hand, the minister announced that they plan to collect more than $8,89 million in taxes from the more than $9,670 million that the federal government expects under the budget project.
After the Council has discussed the proposed budget, it will be referred to the Standing Committee on Planning, Budget and Finance for detailed consideration.
The Council of Ministers last Tuesday approved the budget project of more than $14,707 million for fiscal year 2023-24, which aims to help people displaced by conflict.
The Prime Minister’s Office announced that the amount for this period was set from the perspective of preserving the nation, caring for citizens affected by man-made disasters and rebuilding infrastructure damaged by conflict.
In addition, it strives to achieve the directions and goals of social and economic change that may take place in the future, and it is being prepared on the basis of the 2023-2027 Medium-Term Macroeconomic and Fiscal Policy Frameworks.
Of the budget approved during the twenty-first ordinary Council Session, more than $6,781 million will be devoted to regular federal government expenditures, more than $3,740 million to capital expenditures, and more than $3,927 million to federal government expenditures supporting regional states.
More than $256 million will go toward the implementation of the Sustainable Development Goals.
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