It was stated that the “Draft Budget Law of 2016 Financial Year” regarding the TRNC’s 2016 budget will start to be discussed today at the Republican Assembly’s Economy, Finance, Budget and Planning Committee. The meetings will continue for 8 days and will end on Wednesday 25 November.
The meeting of the Economy, Finance, Budget and Planning Committee regarding the budget will start with the opening speech of the President of the Committee Ferdi Sabit Soyer. The discussions will start with the presentation of the Minister of Finance Birikim Özgür. During today’s meeting, the whole of 2016 year’s budget will be discussed and as well as the committee member deputies, the other deputies who attend the meeting will give speeches.
The 2016 Draft Budget Law which will come into force for the period 1 January-31 December 2016 envisages 4 billion 476 million 452 thousand Turkish Lira for the administration of services and activities.