According to a parliamentary report, the general budget of the Federation and the budgets of the independent federal agencies attached to the fiscal year 2019 are estimated at a total of 60.3 billion dirhams, compared to estimated expenditures of the same value and without a deficit for the second year in a row, pointing out that 42.3% of the budget expenditures for 2019 are earmarked to support community development programs , Pointing out that the new budget is witnessing an increase of nearly nine billion dirhams on the budget this year, estimated at a total of 51.388 billion dirhams.
The Council will discuss two draft federal laws during the next Tuesday session: the first on the adoption of the unified final account of the Union and the final accounts of independent entities for the fiscal year ended 31/12/2017, while the second on the linkage of the general budget of the Union and budgets The independent federal bodies attached to the fiscal year 2019, which was discussed and approved by the Committee of Finance, Economic and Industrial Council, after making some amendments to its clauses.
The report pointed out that nearly half of the 2019 budget was allocated to promote the development and delivery of community development programs for citizens and to develop the health sector to ensure the provision of the best medical services.
According to the final report on the second bill, Article 89 of the Constitution provides for the presentation of federal bills, including draft financial laws to the Federal National Council, before being submitted to the President of the Federation for submission to the Supreme Council for ratification. The Federal National Council discusses these projects, To approve, amend or reject it. Article 90 of the Constitution stipulates that "the Council shall, at its ordinary session, consider the draft annual budget law of the Union and the draft final account law in accordance with the provisions of Part VIII of the Constitution."
According to the report, the revenues of the federal budget for 2019 are estimated at 60 billion and 300 million dirhams, against estimated expenditures of the same value and without a deficit for the second year in a row, confirming the continuation of the approach adopted several years ago to balance expenditure and revenue. He pointed out that the federal budget for the new year witnessed an increase of 8 billion and 912 million dirhams, on the general budget of the Union for the fiscal year 2018, estimated at 51 billion and 388 million dirhams, while budget revenues were estimated at the same amount. He pointed out that the budget of 2019 was distributed to different sectors, where the sectors directly related to citizens and their services received the largest share, pointing out that 42.3% of the funds were allocated to support community development programs, 17% to upgrade the education system, 7.3% to develop the health sector and provide better medical services.
The Committee on Financial, Economic and Industrial Affairs of the Federal National Council will submit its final report on the subject of the policy of the Federal Authority for Competitiveness and Statistics to the Council during the meeting scheduled for next Tuesday, after the Committee re-drafted the recommendations adopted by the Council during its third session held on Last November 20.
The Council will deliver its final recommendations on competitiveness and statistics during the session after the members approved the final report, which indicated that the recommendations reached at the previous session included supporting operational plans and work programs to implement the strategic plan initiatives of the Federal Authority for Competitiveness and Statistics, And the need to accelerate the adoption of an electronic system to ensure the exchange of data and information between the Authority and the federal authorities and local authorities, and the development of the integrated structure of national statistics, in accordance with international standards and specifications, A comprehensive and more comprehensive statistic from the Federal Competitiveness and Statistics Authority, its distribution to all federal and local statistical centers, and ensuring the necessary financial resources for such systems so that the Commission can obtain the required reports to ensure their accuracy and quality.
- Revenues of the federal budget for 2019, estimated at 60 billion and 300 million dirhams.