Newsroom

YR 33.5 billion approved by SFD BoDs for 2013 budget

The Board of Directors (BoD) of Social Fund for Development (SFD) approved its budget for 2013, worth over YR 33.5 billion. In its meeting chaired by the Minister of Social Affairs and Labor Amat Al-Razzaq Hummad.

The budget covers 1,444 projects nationwide in areas of education, water, health, roads, institutional support, microfinance and persons with special needs and the Labor-intensive Works Program.

The budget estimated the foreign and domestic grants for 2013 as YR 26.25 billion, with an increase by 4 percent compared to this year 2012, including grants from foreign donors reaching over YR 14.6 billion.

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