Shura committee hails fiscal balance efforts

The Financial and Economic Affairs at the Shura Council has affirmed that the signing of the framework agreement to achieve the Fiscal Balance Programme reflects the depth of integration and complementarity among the GCC countries in the face of the economic challenges witnessed by the world as a result of the decline of oil prices.

Members of the committee valued highly the tremendous efforts exerted by His Majesty King Hamad bin Isa Al Khalifa to reach such achievements that would boost the kingdom’s economy.

Committee chairman, Khalid Hussain Al Maskati said that the agreement proves anew the strength of the brotherly relations among GCC countries, noting that GCC ties have a strategic dimension that is capable of withstanding various challenges. He asserted that the exploit is the fruitful outcome of HM the King’s constant interest in the economy, and success in establishing solid relations with GCC leaders thanks to his wisdom.