President Ratifies Domestic, External Borrowing Act to Finance Fiscal Deficit


President Salih ratified today the Act of the domestic and external borrowing to finance the fiscal deficit of 2020.
While signing into the Law, the President confirmed that the Law was ratified to emerge from the current financial crisis in the midst of the spread of coronavirus plague in addition to providing funding for the salaries of the employees and retired staff and the necessary governmental expenditures as well.
 He, therefore, underlined that we should rationalize government expenditure at the present stage.
The President endorsed the Act after it had been voted and sent by the Parliament to the Presidency of the Republic yesterday, Wednesday.