Understandings Abdul Mahdi and Fuad Hussein lead to the worst budget since 2003 .. Does the state sell its properties for rescue?

by **claud39** on Sun Aug 04, 2019 12:57 pm

7/30/2019 3:31:01 AM

BAGHDAD (AP) - Political forces and parliamentary blocs are moving to question Finance Minister Fouad Hussein and dismiss him on the backdrop of a high deficit in the next year's budget to 72 trillion dinars, which was a great shock to the government of Adel Abdul Mahdi, because it put the views of Abdul Mahdi, In this budget confusion that has not happened since 2003.

The Finance Committee in the House of Representatives described the budget being prepared as "the worst in history and represents a setback in the economic reality."

It does not know exactly how the state can deal with this crisis, while ideas that do not seem practical, such as the sale of a number of state properties, the adjustment of the dinar exchange rate, the new circumstances, and the activation of tax collection and taxes to reduce the deficit rates.

A source familiar with the "Reports that have reached indicate an increase in the federal budget deficit for 2020 to 72 trillion dinars."

According to the source, the reasons for the growing deficit in the budget next year is due to security spending, the issue of fixing contracts, daily wages in all ministries, and the return of the separation of the security services, but the main reason is to grant the region
A large sum of money by the Minister of Finance, and by order of Prime Minister Adel Abdul Mahdi.

"There is a significant increase in the expected deficit of up to 72 trillion dinars," says a member of the Finance Committee in the House of Representatives Abdul Hadi al-Saadawi, adding that "this decline was caused by the current government, which followed a fiscal policy that will not take into consideration planning or knowledge of disbursement of funds."

The Finance Committee in the House of Representatives, after the adoption of the budget law of 2019 deliberately conceal the detailed budgets of most of its ministries and sub-departments.

In an attempt to deter the deficit in the budget, MP Hoda Sajjad revealed on Thursday, 1 August 2019 on the collection of parliamentary signatures on the claim of the Integrity Commission to open an investigation on the number of employees in the Kurdistan region of Iraq and the falsification of the budget law for the year 2019 Article 10 on the share of the region.

And revealed the deputies of the wisdom of huge sums spent for the Kurdistan region, the recognition of the President of the Office of Financial Supervision, and the order of Prime Minister Adel Abdul-Mahdi, which supports the courtesy of the Prime Minister of the region at the expense of the budget, which must be divided fairly on the Iraqi people, at a time delaying the region in the payment of dues To export the region's oil.

As revealed on 31 July, 2019 deputies on the "serious fraud" in the general budget, which was approved within the House of Representatives, because of the "catastrophic paper" was added to the budget items relating to Kurdistan without going through the members of parliament.

The obelisk

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by **claud39** on Sun Aug 04, 2019 12:59 pm

ANNOUNCED THE LAUNCH OF 60 THOUSAND FUNCTIONAL GRADES NEXT YEAR

Sunday, 4 August 2019 4:04 PM

Understandings Abdul Mahdi and Fuad Hussein lead to the worst budget since 2003 .. Does the state sell its properties for rescue? %D8%A7%D9%84%D8%A8%D8%B7%D8%A7%D9%84%D8%A9

Understandings Abdul Mahdi and Fuad Hussein lead to the worst budget since 2003 .. Does the state sell its properties for rescue? %D8%A7%D9%84%D8%A8%D8%B7%D8%A7%D9%84%D8%A9

Baghdad / National Center for Expertise NNC
The Labor and Social Affairs Committee of the parliamentary, on Sunday, the existence of 60 thousand degrees and functional within the draft federal budget law for 2020.

The committee member Fadel Jaber said in a press statement, "The draft federal budget law will include 60 thousand degrees and functional," pointing out that "these grades will be distributed to all ministries."

He added that "these grades will solve a small part of the unemployment crisis among graduates," noting that "solving the unemployment crisis needs to activate the private sector and the rehabilitation of local industries."

The parliamentary finance revealed earlier, the existence of a large deficit in the budget of 2020 up to 72 trillion dinars, after a year described prosperity was a deficit of 27 trillion speculative compared to what is expected next year.

https://nnciraq.com/13856/