Almotamar.net, Saba - In its weekly meeting chaired by Prime Minister Dr Ali Mohammed Mujawar on Tuesday, the cabinet approved on Tuesday the state public budget draft at local and central levels and budgets drafts of economic and independent units and the private funds budgets for 2010.
The government estimated the total budgets of the public economic sector units for 2010 at more than YR2.7 trillion ($1=YR205),while the surplus of the productive public sector units' current activity for the same year has been estimated at over YR149.7 billion including YR89.7 billion which is the government's share from the total surplus.
The total resources of the country's public budget for the fiscal year 2010 has been estimated at more than YR1.5 trillion from the various income resources, with a net deficit of 7.7 per cent of the gross domestic product which amounted to over YR6.3 trillion.
The overall deficit of the productive public sector current activity for 2010 is estimated at more than YR 3 billion and the government's contribution to these units' budgets projects reached about YR128.5 billion.
The cabinet directed Ministers of Legal Affairs and State for Parliamentary and Shura Council Affairs to coordinate with Minister of Finance for referring the budget draft to the parliament for completing constitutional measures required for final approval.
The total public budget for the fiscal year 2009 amounted to 1, 5 trillion from different income resources while the public expenditure was about YR 1, 9 trillion. The net deficit of the budget for the year had been estimated at 7% percent of domestic gross product.
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