MANAMA, NOV. 20, (BNA) PARLIAMENT CHAIRMAN KHALIFA BIN AHMED AL DHAHRANI LAUDED TODAY FRUITFUL COOPERATION BETWEEN THE EXECUTIVE AND LEGISLATIVE POWERS SUPPORTED BY HIS MAJESTY KING HAMAD BIN ISA AL KHALIFA, HIS ROYAL HIGHNESS PRIME MINISTER PRINCE KHALIFA BIN SALMAN AL KHALIFA AND HIS ROYAL HIGHNESS CROWN PRINCE SALMAN BIN HAMAD AL KHALIFA TO ENSURE QUICK PASSAGE OF A DRAFT LAW TO OPEN AN ADDITIONAL FUND IN THE STATE'S GENERAL BUDGET FOR THE TWO FISCAL YEARS 2009 AND 2010.
A PROPOSAL BY THE FINANCIAL COMMITTEE TO PUMP AN ADDITIONAL BD 25 MILLION INTO THE EXTRA FUND OF BD 333 MILLION, ALREADY PROPOSED BY THE GOVERNMENT, HAS BEEN ENDORSED ALONGSIDE AN AGREEMENT TO INJECT BD 12 MILLION FOR EDUCATION AND A SIMILAR AMOUNT FOR THE HEALTH SECTOR. AN AGREEMENT HAS BEEN REACHED IN THIS REGARD WITH THE MINISTRY OF FINANCE DURING DISCUSSIONS OF THE PUBLIC BUDGET FOR THE YEARS 2009 AND 2010. AL DHAHRANI HAILED COOPERATION AND COORDINATION OVER THE PAST FEW DAYS BETWEEN THE PARLIAMENT, THE MINISTRY OF FINANCE, THE CENTRAL BANK OF BAHRAIN AND THE MINISTRY OF PARLIAMENT AFFAIRS IN ORDER TO REACH AN AGREEMENT REGARDING THE ADDITIONAL BD 25 MILLION FUND PROPOSED BY THE PARLIAMENT. THIS POSITIVE RESPONSE FROM THE POLITICAL LEADERSHIP IN PARTNERSHIP WITH THE PARLIAMENT IS THE OUTCOME OF CONTINUOUS COOPERATION AND COORDINATION BETWEEN THE EXECUTIVE AND LEGISLATIVE POWERS WHICH REFLECTS MATURITY OF THE DISTINGUISHED PARLIAMENTARY EXPERIENCE IN THE KINGDOM, AL DHAHRANI SAID. APPROVING THE ADDITIONAL FUND WILL HELP PRIMARILY IN BOOSTING THE INFRASTRUCTURE AND THE SERVICES FIELD BY PUMPING MORE MONEY TO KEEP THE WHEEL OF NATIONAL ECONOMY MOVING, HE ADDED. AOQ 20-NOV-2009 22:48