Doha: As a part of its efforts to prepare budget for 2019, which starts from January 1 and ends on December 31, the Ministry of Finance has issued directives to different Ministries and government institutions to prepare budget.
The instructions, copy of which is with Lusail newspaper, issued by Minister of Finance H E Ali Shereef Al Emadi, include rules and guidelines for its implementation. The Ministry’s discussion with different Ministries and institutions started from September 2 and will continue until September 25.
The budget plan focuses on enhancing food security by boosting local production and supporting food sector, increasing contribution of non-oil sectors by encouraging and supporting private sector and attracting local and foreign investments. The budget aims to achieve efficiency in expenditure and maintain financial stability of the country.
The Ministry has asked government institutions to provide their estimates for 2019 budget, vision and expectations for two financial years, including estimate of revenue and expenditure along with targets that need to be achieved. The Ministry directive have set three standards for preparation of budget. One of the criteria is maintaining the current policy of the state to estimate the oil and gas prices.
