Shoura seeks more funds for TVTC

Shoura seeks more funds for TVTC
Updated 03 January 2013

Shoura seeks more funds for TVTC

Shoura seeks more funds for TVTC

The Shoura Council has called for greater financial support for the Technical and Vocational Training Corporation (TVTC) to help fulfill its youth education and project development aims.
In a discussion on Monday, Shoura members considered complaints from the TVTC that it did not have the budget to carry out most of its priority objectives. The TVTC's requested budget of SR 3.5 billion from the Ministry of Finance has not been approved and will form part of the ninth development plan.
The TVTC has complained that it has not been able to fulfill its task of absorbing 25 percent of high school graduates. It has also only been able to complete 8 percent of its expected six projects.
It wanted financial support for 74 construction projects, but only nine were approved. In addition, the TVTC had requested cash for 4,231 training, health and administrative jobs, but only 70 were approved.
The Committee of Scientific Research and Educational Affairs of the Shoura Council called for greater support for the TVTC training programs, which it said should be considered strategic employment programs.
The Shoura Council also called on the ministries of Finance and Civil Service to support the Saudi Credit and Savings Bank with greater finance and specialized human resources to enable it to carry out its tasks.
Shoura members stressed that the bank should open women's sections. The council also canceled a condition that an applicant cannot be the owner of a facility or partner in a project to get loan.
The council approved the antiquities, museum and architectural heritage project.
It rejected recommendations that there should be price controls over consumer goods and building materials.