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
Page 1 of 1
Member of Parliamentary Finance: High deficit budget 2020 and increase external loans
by RamblerNash on Wed Aug 21, 2019 11:42 pm
Member of Parliamentary Finance: High deficit budget 2020 and increase external loans
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
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
RamblerNash- GURU HUNTER
- Posts : 19627
Join date : 2015-02-19 
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The President of the Republic congratulates Joe Biden on his inauguration as President of the United States of America
» Zain Iraq announces its readiness to launch the most powerful fourth generation service across the country
» Credit rating .. Iraq is among the countries with the highest risk
» Parliament: The Government Won At Least 12 Trillion Dinars From Its Decision To Raise The Price Of The Dollar
» Parliamentary Finance: The budget will be ready next week
» Rafidain Bank announces the launch of loans of all kinds
» The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
» It’s All Coming To An End, [CB] Tries To Push Forward, But Fails
» MarkZ: "I am told probably the earliest we will have news on the RV front will be late tomorrow or Thursday" 1/19/21
» Frank26: "They finished with the tally" 1/19/21
» Walkingstick: "THE VALUE AND THE NOTE COUNT TO BE DISTRIBUTED" 1/19/21
» MilitiaMan: "They have to raise the value of their currency. And that is what they are talking about" 1/19/21
» Footforward Update 1/18/21
» Install electrical meters for economic establishments
» Al-Kazemi: We are working on preparing the infrastructure to revive the Iraqi industry
» A source in the Finance Committee: The 2021 budget will be ready for voting early next month
» International Monetary Fund: Great ambiguity surrounds the outlook for the global economy
» The decision to devalue the currency is on the table of experts
» Zaki Group merges with Pepsi Baghdad
» The Iraqi Prime Minister explains the reasons for postponing the elections
» What is money and why do we need it?
» The Investment Authority directs banks to receive installments at the old exchange rate
» In One Sentence - What Do You Wish Most for Your Future Self?
» STOP THE TUG-OF-WAR
» What’s Next? Great Awakening or Great Reset?
» FAKE INTEL Fleming says --Exchange Centers went through special training on Fri 15 Jan on the latest updates and protocols to get ready for Tier 4B exchanges this coming week.
» COFFEE WITH MARKZ - Video and Transcript -- Jan 18 2021
» MarkZ says They are anticipating a change in value shortly. Days to weeks
» MilitiaMan says -- ...the articles of late...suggests that the recent devaluation is and was a very big mistake and one they are going to fix...
» Ray Renfrow says -- He is RECEIVING REPORTS OF WEST COAST BANKS MAKING APPOINTMENTS FOR SATURDAY THROUGH TUESDAY...
» Bruce says -- Possible RV on Sunday – most likely Tuesday with exchanges either Tuesday or Wednesday...
» Pimpy says -- They're really starting to get their ducks in a row...we want them off this list.
» France announces its intention to establish strategic projects in Iraq
» The Ministry of Finance denies the existence of a deduction in the salaries of employees for the month of January 2021
» The Minister of Finance receives the Korean ambassador to Baghdad
» The Minister of Finance receives the Saudi ambassador to Baghdad
» THE ARAB MONETARY FUND ISSUES A STUDY ON "CAPITAL FLOWS IN ARAB ECONOMIES: THE RELATIONSHIP BETWEEN INVESTMENT AND SAVING"
» THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A DISTANCE COURSE ON "FISCAL POLICY ANALYSIS"
» Rafidain Bank raises the interest on savings accounts to 5 percent and fixed deposits to 7