The Prime Minister’s Economic Advisor, Mazhar Muhammad Salih, preferred, on Tuesday, to maximize non-oil revenues for the year 2024 compared to previous years.
Mazhar said in a statement to Al-Maalouma Agency, “Maximizing non-oil revenues stipulated in the government’s program for financial reform, which calls for raising the contribution of non-oil revenues to 20% of total annual revenues compared to the previous low rates.”
He added, “The development of oil and non-oil revenues (at the semi-annual level) between 2023 and 2024 showed a distinctive growth in revenues in general and non-oil revenues in particular.”
He added, “The main objective of this conservative financial planning is to secure spending priorities in the country’s general budget, most notably government salaries and wages, retirement pensions, social care, and development projects that are a priority in sustainable development.”
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