Bahrain's Housing Minister chairs committee meeting

Manama, (BNA): A committee charged with other operational expenditure held a meeting, which was chaired by Housing Minister Bassem bin Yacoub Al-Hamer. The panel discussed the reduction of operational expenditure, featuring in the six initiatives of the Fiscal Balance Programme, which aims to balance Government spending and revenues by 2022. The committee discussed a total of 117 governmental demands submitted by ministries and public entities and approved 101. The panel has so far dealt with 1279 governmental demands, approved 1144 and dropped 135 others. The committee will submit recommendations to the Ministry of Finance and National Economy which, in turn, will refer required reports to the Ministerial Committee for Financial and Economic Affairs and Fiscal Balance for a final decision. The minister commended the work team’s efforts, stressing their key role and constructive ideas to support the goals of the programme and optimize governmental expenditure.