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Sharjah Ruler issues law on emirate’s 2018 general budget

The Law’s articles detailed that head of Sharjah Finance Department may approve required financial transfers between government bodies’ activities

Gulf News

SHARJAH

His Highness Dr Shaikh Sultan bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Law No. 10 of 2017 concerning the Sharjah Government General Budget for the 2018 fiscal year.

The Law stipulates that the general budget shall take effect from January 1, 2018 to December 31, 2018. The Law’s articles detailed that the head of the Sharjah Finance Department, SFD, or their representative, may approve the required financial transfers between government bodies’ activities, following the issuance of a request and the review of reasons provided such that said transfers do not adversely affect performance indicators. According to the Law’s provisions, the Sharjah Executive Council, may, in cases of necessity, undertake decisions regarding expenditures not initially included in the general budget or the transfer of funds between set allocations during the fiscal year.

The law shall come into effect as of January 1, 2018 and shall be published in the Official Gazette.

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