http://www.english.hadhramaut.info
Parliament likely to pass 2010 budget next week
[The Source: www.sabanews.net - 24/12/2009]
The parliament is likely to pass next week the 2010 budget draft of the state after voting on it in light of the report prepared by a special parliamentary committee, the 26sep.net reported on Thursday.
Parliamentary sources made it clear to the 26sep.net that the voting on the draft comes within the constitutional right, which provides that the draft approval must be before December 31 of each year.On another hand, the government has announced allocating YR 826.3 billion (YR207=US$1) within its budget to finance projects in the investment program for 2010, with an increase of 22% (about YR 153 billion) from 2009.The explanatory memorandum of the investment program pointed out that the allocations were distributed to the state administration with YR 305 billion, economic units with YR 410 billion, independent budgets and funds with YR 47 billion, and local authority with YR 62 billion, while the local authority projects in the various sectors rated 7.5 % of 2010 budget, with YR 62 billion.The government has pledged in its investment program to continue strengthening the central and local authorities' capacities in light of the available resources, in a way that reflects the local governance strategy, the third socioeconomic development plan and the general program of the government.
|