The government has been urged to consider establishing a national emergency financial fund to safeguard the economy during crises and disasters that carry significant financial repercussions.
The proposal, submitted by MP Dr Ali Al Nuaimi, received unanimous approval from Parliament’s financial and economic affairs committee, which underscored the importance of preparedness amid increasing global economic uncertainty.
Under the proposal, the government would conduct financial and economic feasibility studies for creating the fund, which would be overseen by the Finance and National Economy Ministry.
The aim is to provide a structured and sustainable financial buffer during emergencies, rather than relying on ad hoc measures.
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