Planned economic reforms aim to rationalize spending, and are not an attempt by the government to levy taxes on the people, Minister of Electricity and Water Ahmad Al-Jassar said on Saturday.
In a press statement after attending a meeting of the parliamentary committee on financial and economic affairs, Al-Jassar said "the aim is to implement strategies that would reduce spending." "We seek to come up with a comprehensive plan that would not be detrimental to citizens, and where consumption will not exceed average levels," Al-Jassar noted.
Moreover, Al-Jassar also revealed plans of "new electricity tariffs", saying that the government will finalize prices of electricity in a forthcoming parliamentary session due in two weeks.
In a statement to journalists, MP Mohammad Al-Jabry said that the committee will hold future meetings with the government to ensure a concerted viewpoint as it relates to spending rationalization plans, where those with low incomes will not be affected.
"There are government subsidies that number in the millions, and they will be diminished to some extent, in line with spending rationalization plans," Al-Jabry added.
He also stressed that the underlying aim is "that those with low incomes will not be adversely affected." Earlier on Saturday, National Assembly Speaker Marzouq Al-Ghanim chaired a meeting of the parliamentary committee on financial and economic affairs, with several MPs, ministers and officials attending
The meeting focused on issues pertinent to current economic conditions in the country, and how to redress the State's budget deficit.