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Page added on September 16, 2012

Finance Ministry will consider budget increase requests from independent institutions

The finance ministry has today said that it has received requests for budget increases from a number of independent institutions. The ministry did not specify which institutions these were.

Minister of Finance and Treasury Abdulla Jihad has told local media today that the requests for increases will be reviewed by the ministry. He said that increases would be granted after assessing how much need there is for it.

Jihad said that the previous 15 percent deduction from the budgets of all institutions had been made for the sake of bringing down state expenditure, further saying that this could not be done without the support of all stakeholders.

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