Financial advisor to the Prime Minister: The only solution to pass the budget is to restructure it

by **claud39** Mon Mar 02, 2020 5:23 pm

Financial advisor to the Prime Minister: The only solution to pass the budget is to restructure it

3/2/2020

Financial advisor to the Prime Minister: The only solution to pass the budget is to restructure it Logoblack

Baghdad / Obelisk: The appearance of Muhammad Salih, Adviser to the Prime Minister for Financial Affairs, on Monday, 2 March 2020, saw that the only solution to pass the budget is to restructure it.

Saleh said to the "obelisk": The restructuring of the budget and returning it to the first square is the only solution to pass it, noting that the deficit is not solved except with a financial operation and needs sacrifices.

He added that the House of Representatives has the task of reviewing the legislations issued from 2003 to the day that have major unchanging financial consequences.

Saleh explained that if the budget was not restructured and no alternatives and other solutions were found, then it is likely that it would not be approved this year, and the current investments and expenditures will remain current and reliance will be on the amount of revenue only.

He continued: The deficit exceeded fifty trillion dinars, and there is no compensation for it other than debt and the country cannot bear other debts.

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