11/09/2023

House of Assembly meets This week

By Office of the Parliament

A Sitting of the House of Assembly is scheduled for Tuesday, September 12th, 2023 with Papers to be laid by the Prime Minister and Minister for Finance, Economic Development, Youth Economy, Justice and National Security, the Deputy Prime Minister and Minister for Tourism, Investment, Creative Industries, Culture and Information and the Minister for Commerce, Manufacturing, Business Development, Cooperatives and Consumer Affairs.

The Motion for consideration is as follows:

1. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow from the Saudi Fund for Development the sum of SAR281,250,000 to finance the Reconstruction and Rehabilitation of St. Jude Hospital Project;

BE IT FURTHER RESOLVED that —

(a)  the loan is repayable in twenty years after the grace period of five years from the date of the Loan Agreement commencing on the 15th day of May and the 15th day of November in each year after the grace period;

(b)  interest at a rate of two per cent per annum is payable semi-annually on the principal amount of the loan withdrawn and outstanding.

The following Bills are down for consideration:

1. Health and Citizen Security Levy (Amendment)      
2. Public Debt Management                                              
3. Co-operative Societies                                                                                                                               

Tuesday’s Sitting is scheduled to commence at 10 a.m.

The Sitting of the Senate is scheduled for Thursday, September 14th, 2023 at 10:00 a.m

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