Saturday, February 5, 2011

2-5-11 CBI warns of negative effects from delay in approving the budget in 2011

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Saleh, the advisor of the CBI, said that delaying the budget anymore than it has already been delayed will weaken the country's economic development and will affect the rates of growth
2. The GOI confirmed that the existing gaps in the 2011 budget is an old legacy of the mechanism for restructuring of the budget in previous years
3. Saleh said the delays in the budget do not affect the monetary policy
4. The CBI noted that the budget was built according to the country's economic growth, which was estimated to be 10%
5. In the opinion of a number of deputies, delaying the budget will disrupt the process of construction, and delay and impede the movement of government and ministries

No comments:

Post a Comment