The House of Representatives approved in its session yesterday the draft law of the state’s general budget for the two financial years 2025 – 2026 and a draft law to amend the development bonds law, which includes increasing public debt to 22.5 billion dinars. The Minister of Finance and National Economy Sheikh Salman bin Khalifa Al Khalifa confirmed the cancellation of the fifth item of supporting those with limited income from citizens with a direct cash amount if the price of the subsidized goods was modified during the budget cycle. It is reviewed, and it is important to invest in the legislative environment, national cadres and infrastructure, and that preliminary surpluses have been achieved in the previous budget for the first time since 2011, and this was a great achievement. The Minister expressed his gratitude and appreciation to the Speaker of the House of Representatives, the Chairman of the Finance Committee and members of the Council, in addition to the Speaker of the Shura Council and members of the Shura Finance Committee, for their fruitful cooperation in adopting the state’s general budget project for the years 2025-2026. Government and Al -Nabi to ensure a consensus that reflects the interest of citizens. The Minister pointed out to the concerted efforts of ministries daily even during the month of Ramadan to achieve the best possible results of the budget, stressing that the strenuous work has not yet ended, indicating that addressing the deficit and implementing initiatives directed to citizens will continue, and requires years of continuous efforts. The Minister of Finance and National Economy added that the cooperation between the legislative and executive authorities was pivotal in each of the budget preparation courses, stressing the commitment to the common principles and work alongside to ensure the achievement of sustainable paths that benefit the state and citizens. He also pointed to the great support that the project received by the House of Representatives, and the transparency that accompanied all stages of preparation, stressing the continuation of this approach to ensure improving the situation The financial financialness of the state after the budget was approved. The minister explained that the work was done according to the directives of His Highness the Prime Minister, with a focus on setting projects and programs in a way that enhances the welfare of citizens, improves their standard of living, in addition to creating new economic opportunities. He stressed that the budget includes fundamental programs that enhance the infrastructure and basic services, pointing out that there are financial and operational challenges, but it is associated with economic growth and positive numbers that must be worked on. In the minutes of the meeting held on October 31, we asked them whether today, or we discuss it and return it in the first quarter of the year 2025, there are constitutional periods based on what was agreed upon. ”At the end of his speech, the minister praised the efforts made by everyone, saying that the relevant ministries worked extensively during the month of Ramadan to provide the required data and clarifications quickly and efficiently. He also expressed his thanks to his team in the Ministry of Finance, and all the ministers and work teams responsible, expressing his aspiration for the continuation of this joint and fruitful cooperation to serve the interests of the country and the citizen. For his part, the Minister of Education confirmed. Muhammad Jumaa that the education sector is one of the most prominent sectors that have a priority in the general budget of the state for the two years 2025-2026. He explained that the Ministry is working to implement many projects that include the fields of education and education, in addition to projects related to the development of infrastructure and procedures for supporting workers in the education sector in general. The Minister pointed to the efforts currently exerted to attract more Bahraini competencies to work in the educational field, where the preparation is being prepared to accommodate a new batch of graduates of Bahrain College for Teachers through appropriate employment procedures. He also explained that there is coordination with the Civil Service Service to announce a number of vacancies, with the aim of supporting the sustainability and developing the education sector in a way that serves the aspirations of the ministry. For its part, Representative Hassan Ibrahim stressed that the outputs that the financial committee came out did not expect, and not even the Bahraini street expected it, we want to pass the budget to maintain the gains, it raised the fuel and electricity liberalization item and the national companies tax from the budget In addition to the retirees. He added: “A difficult budget by increasing revenues and reducing expenses without prejudice to citizens’ gains, we have a very big challenge to reaching the financial balance, so repeated expenses must be reduced by a minimum of 5%, repeated expenses 60% of revenues in other countries, and we in Bahrain are 70% with revenues, and initiatives touched two files and they are the most sensitive files; Unemployment and housing, employing 25 thousand employees and providing 50 thousand housing units ordered by His Majesty, the recruitment initiative will not be achieved except with the support of the private sector, the continuity of these companies is the basis for employing the Bahraini employee. Abundance or continuation of the old man, and we asked them to see us how to get to abundance, and we saw the offers difficult, and then we met to display the consensus, and we asked them the visuals that they wanted, the most important of which was giving retirees with a allowance of 20 dinars, item 5 was canceled, and accordingly the budget came in this way. ”Representative Muhammad Al -Ahmad said:“ We entered the council and we know the financial conditions that the Kingdom did Initiatives achieved by the current and previous budget, we do not want the government to see that there is no use in cooperation on its part. ” Representative Dr. Maryam Al -Dhawan The decision of the state’s general budget is a pivotal step towards promoting financial stability and achieving sustainable development, and we thank the Finance Committee and the government for their great efforts in approving the budget, especially with regard to raising the percentage of retirees’ support, which is a great confirmation of commitment to improving the standard of living. Bahrain continues to work to ensure that citizens are not affected by these challenges, through the continuous cooperation between the executive and legislative authorities, which resulted in improving important files such as health, housing and education, in addition to the continuation of direct support for the due groups. The possibility to adopt exceptional budgets when needed, in order to ensure improving the conditions of citizens in proportion to economic and social variables.
