Hassan Al-Sitri
The Financial and Economic Affairs Committee of the Shura Council recommended the adoption of the unified final account of the state for the fiscal year ending on December 31, 2023, the performance report on the implementation of the state’s general budget for the fiscal year 2023, and the statement of transfers from the account of other estimates of ministries and government agencies for the fiscal year 2023, prepared by the Ministry of Finance and National Economy.
According to the committee’s observations, the non-oil sector achieved a growth of 3% compared to the actual results for the fiscal year 2022, and its levels continued to achieve positive financial results, reaching 1.161 million dinars in the fiscal year 2023, representing 41% of the total initial recurring expenses without government debt interest. Note that the executive authority is working to achieve a balance between non-oil revenues and recurring expenditures as one of the strategic goals for financial sustainability, which makes these results confirmation of the continued pursuit of achieving the same goal. Accordingly, the committee praises these efforts made and hopes that the executive authority will continue to expand its steps to diversify the sources of public revenues.
The Bureau of Financial and Administrative Control issued its professional opinion on the state’s unified final account for the fiscal year ending on December 31, 2023, stressing that the aforementioned final account shows fairly, in all essential aspects, the state’s revenues and expenditures for the fiscal year ending on December 31, 2023, in accordance with the accounting standards and foundations for preparing government final accounts issued by the Ministry of Finance and National Economy.
