The Parliamentary Economy: The budget of 2018 is austerity and does not match the challenges facing Iraq

The Parliamentary Economy: The budget of 2018 is austerity and does not match the challenges facing Iraq



MP Faris Al Fares

13/12/2017

Economy News Baghdad:

A member of the Committee on Economy and Investment in the House of Representatives, Fares Al-Fares, that the budget next year is not consistent with the challenges facing Iraq at the current stage.

The government sent a draft bill of the budget of 2018 to the House of Representatives on 29 November last, and amounted to 108 trillion dinars with a deficit of 13 trillion dinars.

He described the knight in a special interview for "Economy News", the budget for 2018 "Austerity" because it does not include allocations financial suited to the magnitude of the disaster in the liberated areas, in addition to the absence of jobs in them.

"We hope to re-study the budget and increase financial allocations for liberated areas in order to develop infrastructure."

The government said earlier that Iraq needs $ 100 billion to rebuild areas free of terrorism.

A member of the parliamentary economic committee, the House of Representatives authorized the Finance Committee to discuss the draft budget with the 2018 government and make appropriate adjustments.

The Knight pointed out that the budget next year will not be approved during the current year, but in the first or second month of next year, especially that there are objections by some political blocs and provinces.

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