1998 Budget Endorsed [Archives:1997/49/Local News]

December 8 1997

The Council of Ministers has on Saturday, December 6th held an extraordinary meeting to endorse the state’s general budget and the investment program of 1998. Following the cabinet’s endorsement, the proposed budget was forwarded to parliament for ratification. Public spending during 1998 is estimated at YR 350.55 billion; while the state revenue is estimated at YR336.583 billion, i.e., the budget deficit is around YR25.952 billion.