Home> Press Releases


Council of Ministers Forms a Special Committee to Address the Projected Budget Deficit





November 29 2014

The Council of Ministers held an extraordinary session today, Saturday November 29, to review the proposed federal budget for the 2015 submitted by the Ministry of Finance, in light of recent considerable decline in oil prices over the past few days which caused a serious increase in deficit levels, the Council of Ministers decided forming a ministerial committee which will conduct a comprehensive review of the state public expenditure; to come out with recommendations within a week to address the projected budget deficit.