Sat Jun 6, 2020 02:40:42
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At the session of Supreme Council of Economic Coordination of the Heads of the Three Branches;

Supreme Council calls for continued policies and measures to strengthen supervision on banks and credit institutions and fight money laundering/ Decisions made to protect small businesses against the effects of coronavirus outbreak/ Plan and Budget Organisation reports on realisation of expected budget resources and expenditures in year 1398

The Supreme Council of Economic Coordination of the Heads of the Three Branches convened in the office of the President on Tuesday with the heads of the three branches and the relevant parliamentary committees.

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Tue 03 - March 2020 - 15:28

The meeting discussed the latest economic developments and the budget.

At the session, the head of Plan and Budget Organisation presented a report to the Supreme Council on the state of implementation of the anticipated resources and expenditures for the year 1398 budget and the necessary measures for the final month of the year regarding the necessary expenditures.

According to the report, due to the extensive floods in March-April 2019 in many parts of the country, as well as other natural and unexpected disasters this year, the requirements for appropriate allocations have been met, while substantial infrastructure projects have been pursued.

After deliberating on the possibility of paying the salaries of government employees and retirees and other unavoidable payments, the Council made the necessary decisions to provide the resources required for the above purposes.

The Governor of the Central Bank then presented a report on the performance of the Council's approvals on foreign exchange market management, and after deliberation, the Supreme Council approved the priorities for balancing the foreign exchange market, supporting and encouraging the export of engineering goods and technical services.

The Governor of the Central Bank also presented a report on the performance of the Supreme Council's approvals on reforming the banking system. The Supreme Council also called for continuation of policies and measures to strengthen supervision of banks and credit institutions and the fight against money laundering.

In another part of the meeting, the effects of the outbreak of coronavirus on economic sectors were discussed, and government proposals to support productive and service units that have lost part of their income due to precautionary measures and preventive actions were raised. 

In order to support small businesses and the employees of these sectors, the necessary legal deadlines in the areas of taxation, customs and banking were discussed and decided upon until conditions go back to normal.

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- sessions