"The macroeconomic reform has fully mended the fractures that previously existed," stated Minister of Finance Ahmed Shide during a parliamentary consultative session.
The House of Peoples' Representatives' Standing Committee on Planning, Budget, and Finance recently held an extensive forum to review the draft federal budget proclamation for the 2019 fiscal year. During the session, members of the standing committee and experts from the legal center engaged in a thorough examination of the draft, questioning its structure, content, and implementation strategies.
Minister Ahmed Shide provided detailed responses to these inquiries, placing a particular emphasis on the government’s national macroeconomic reform agenda. He stated that the policy measures implemented by the government are already producing highly positive results, asserting that the reform has successfully rectified the structural economic distortions that previously challenged the nation.
Discussions at the forum highlighted that the 2019 draft budget is designed to reflect the country’s current economic landscape, with specific prioritization given to key development sectors. Officials noted that the valuable insights and contributions gathered from various stakeholders during the forum will be instrumental in refining the budget proposal before it is presented for official approval by the House.