“The National” discusses “approving a supplementary budget” tomorrow
60.231 billion dirhams, the total "amended" budget of the Union for the current year
The supplementary budget came at the request of some government agencies.
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Hamad Ahmed Al Rahoumi: "Dozens of senior citizens contacted me and explained that they need loans to facilitate their lives."
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Tomorrow, the Federal National Council will discuss a draft federal law regarding the approval of a supplementary budget to the general budget of the Federation for the fiscal year 2022, which includes a financial addition of one billion and 300 million dirhams, to the general budget, which was approved by the Council of Ministers and approved by the Federal National Council, at the end of last year, at a cost A total of 58 billion and 931 million dirhams, bringing the total general budget of the Federation for the current year to 60 billion and 231 million dirhams.
The First Deputy Speaker of the Council, Hamad Ahmed Al-Rahoumi, intends to present a parliamentary proposal during the session, to address the problem of banks’ refusal to lend to senior citizens, including the development of banking solutions that guarantee the banks to recover the value of loans in the event of a default or death of the borrower, instead of closing the door to borrowing in the face of this segment of the population. citizens.
In detail, the Federal National Council will hold its session tomorrow, to discuss two federal bills, the first regarding “amending some provisions of Federal Law No. 26 of 2019 regarding public finance,” and the second regarding “approving a supplementary budget to the general budget of the Federation for the fiscal year 2022.”
A member of the Financial, Economic and Industrial Affairs Committee of the Federal National Council, Saeed Rashid Al-Abedy, confirmed that the committee discussed all the articles included in the two federal bills with officials of the Ministry of Finance and some concerned authorities, and finished preparing its reports on them, and submitted them to the Council for discussion tomorrow, praising the great cooperation shown by the representatives of the Federal National Council. The government during the discussions, which were characterized by accuracy and transparency.
Al-Abedy told "Emirates Today" that the articles of the federal draft law regarding the approval of a supplementary budget for the general budget of the Union for the fiscal year 2022, deals with a financial addition of one billion and 300 million dirhams to the general budget of the Union, which was approved by the Council of Ministers headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in October last year, and approved by the Federal National Council, in December of the same year, at a total cost of 58 billion and 931 million dirhams, bringing the total general budget of the Federation for the current year, after the addition, 60 One billion and 231 million dirhams.
He added that the supplementary budget came at the request of some government agencies from ministries and bodies concerned with specialized service sectors, with the aim of providing more services that meet the needs of citizens and residents on the country's land, especially in light of the developments and conditions that the world is currently going through, which helps to speed up the completion of some projects. Which the government intends to complete during the current fiscal year, stressing that the speed of the government and parliament’s handling of the supplementary budget request, largely reflects the flexibility enjoyed by the UAE government under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and confirms the ability of the state and its economy to adapt quickly to the data. Globalism.
Last December, the Federal National Council approved a draft federal law on the federal budget for the year 2022, with a total of 58 billion and 931 million dirhams, of which 24 billion and 252 million dirhams were allocated to development programs and social benefits, and 21 billion and 662 million dirhams to the general government affairs sector (at a rate of 36.76% of the total). The total budget), where the budget was distributed over six sectors, which included “social development” by 32.9% of the total budget allocations, “social benefits” by 8.21%, “government affairs” by 36.5%, and “infrastructure and economic resources.” by 3.86%, and “financial investments” by 4%, in addition to “other federal expenses” at 14.5% of the total budget allocations.
The Federal National Council session will witness a parliamentary question being directed by the First Vice-President of the Council, Hamad Ahmed Al-Rahoumi, to the Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, about “financial loans to senior citizens”, through which he requests that banks, in cooperation with the Central Bank, take facilitative measures. This category allows obtaining personal loans from banks, without any barriers or caveats related to age, to help them meet their needs for consumer goods and products.
Al-Rahoumi told "Emirates Today", "It is unjustified and illogical for the state to harness all its capabilities and resources to serve the category of senior citizens, which has served the country over the years, providing them with all possible facilities on various sectors, while we find the banking sector is going completely opposite to this trend." , by his complete refusal to provide any services related to personal loans for this category, claiming that they exceed the age requirement, despite their monthly income represented in the retirement salary, and other incomes from private projects for some of them,” stressing that “this category has requirements, needs, and families.” Hence, there should be no negative discrimination between it and the rest of society.
He added, "I received dozens of complaints from senior citizens who contacted me and recounted their suffering with the banks, and made it clear that they needed loans to facilitate their simple life matters, such as buying a car. One, instead of dividing it from their pension salaries through personal borrowing,” calling on the Central Bank and financial institutions to have a role in solving this problem facing senior citizens.
Al-Rahoumi confirmed that he will present, through the question, a parliamentary proposal that includes the development of banking solutions that guarantee the banks the recovery of loan amounts in cases of default or death of the borrower, instead of closing the door to borrowing completely in the face of this segment of citizens. The proposal also includes providing personal loans to senior citizens at bank interest rates. Less than that offered to the rest of the community.
Laws of “Rehabilitation” and “Juvenile Delinquents”
The Federal National Council, headed by Saqr Ghobash, will discuss two federal bills regarding rehabilitation, delinquent juveniles and those at risk of delinquency, during its session next Wednesday.
The draft federal law on rehabilitation aims to accelerate the integration of convicts into society, facilitate their obtaining a criminal case investigation certificate without precedents, facilitate access to jobs, and implement the idea of aftercare for them.
According to the explanatory memorandum of the federal draft law on juvenile delinquents and those exposed to delinquency, the government decided to propose the draft law, which consists of 47 articles, given that the care of young people and juveniles is one of the priorities that the United Arab Emirates seeks to achieve out of its awareness of the need to preserve future generations upon which the state is held. Her hopes of continuing the march of achievements.
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