The Cabinet of Ministers granted approval to the proposal furnished by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to direct the Legal Draftsmen to draft the bill of State Finance Management based on the fundamental draft that has been prepared, and to entrust powers to the Secretary to the General Treasury to appoint a specialists committee to commence the formulation of financial regulations until the Legal Draftsman prepare the proposed draft bill.
Source:: The Island