CP URGRES IMPORTANCE OF SPARING CITIZENS FROM COST CUT EFFECTS

THE INTEREST OF  BAHRAINI CITIZENS AND THEIR  ECONOMIC STATUS MUST BE TAKEN INTO  CONSIDERATION WHEN LOOKING INTO THE  PROPOSAL TO CUT COSTS AND ENFORCING A  SET OF LAWS AND PROCEDURES TO DEAL  WITH THE DEFICIT IN THE COMING TWO FISCAL  YEARS, CROWN PRINCE AND  ECONOMIC DEVELOPMENT BOARD (EDB)  CHAIRMAN, SHAIKH SALMAN BIN HAMAD AL  KHALIFA TOLD THE FINANCE MINISTER AND THE  EDB BOARD.

AT THE MEETING OF THE EDB EXECUTIVE  MEETING HE CHAIRED TODAY AT THE  RIFFA PALACE TO HEAR, THE CROWN PRINCE  EMPHASISED THAT A MAIN GOAL WAS  MAINTAINING THE WELFARE OF CITIZENS,  ESPECIALLY THE MIDDLE CLASS, AND  PROTECTING THEM, IN LINE WITH THE DESIRE  OF HIS MAJESTY THE KING.THE CROWN PRINCE SPOKE ELABORATELY ON  THE IMPORTANCE OF BEING AWARE  OF GLOBAL ECONOMIC CONDITIONS AND THEIR  IMPACT ON BAHRAINI NATIONAL  ECONOMY, IN ORDER TO BE ABLE TO LIMIT  THEIR ADVERSE EFFECTS THAT  IMPOSE THEMSELVES ON THE ECONOMIES OF  THE REGION.

THE CROWN PRINCE DIRECTED FOR THE  NECESSITY OF MINIMISING  EXPENDITURES WHEREVER POSSIBLE BY THE  GOVERNMENT.MOREOVER, THE CROWN PRINCE WAS BRIEFED  AT THE MEETING BY THE FINANCE  MINISTER ON THE SET OF LAWS AND  PROCEDURES SUGGESTED THAT ENSURE THE  BENEFIT OF THE KINGDOM, MEET THE  REQUIREMENTS OF CITIZENS AND  MINIMISE GOVERNMENT EXPENDITURE IN ALL  AREAS WITHOUT AFFECTING THE  BASIC NEEDS OF CITIZENS.THE CROWN PRINCE ALERTED THAT ALL  PROPOSED DECISIONS MUST BE BASED ON  ACCURATE AND REALISTIC STUDIES.

ALSO AT THE MEETING, THE CROWN PRINCE  REVIEWED THE RESULTS OF HIS  RECENT VISIT TO THE UNITED KINGDOM AND  HIS MEETINGS WITH OFFICIALS THERE.