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Member of Parliamentary Finance: High deficit budget 2020 and increase external loans

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS

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Member of Parliamentary Finance: High deficit budget 2020 and increase external loans Empty Member of Parliamentary Finance: High deficit budget 2020 and increase external loans

Post by RamblerNash Wed Aug 21, 2019 11:42 pm

Member of Parliamentary Finance: High deficit budget 2020 and increase external loans

Member of Parliamentary Finance: High deficit budget 2020 and increase external loans Story_img_5d5cd5691178a

2019/8/21 8:23

{Baghdad: Euphrates News} A member of the Finance Committee, Abdul Hadi Saadawi pessimism of the budget 2020.

Saadawi said in a press statement, "The proportion of deficit will rise to 72 trillion dinars, which will negatively affect the provision of services and supplies necessary for the provinces and ministries."

Saadawi attributed the increase in the deficit to "poor planning and spending a lot of money without reference to the budget to refrain from the Kurdistan region, as well as the delivery of oil imports to Baghdad."

She pointed out that "the deficit will increase the burden on the government and may be forced to borrow internal and external, which will be a burden on it in the coming years."

Al-Saadawi counted the government's fiscal policy as "wrong because of the undisclosed decisions of the Council of Ministers to spend a lot of money without referring to the draft budget, in addition to disbursement of the Minister of Finance."

http://alforatnews.com/modules/news/article.php?storyid=208055
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