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 Parliamentary committee determines options to address financial distress DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Parliamentary committee determines options to address financial distress

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 Parliamentary committee determines options to address financial distress Empty Parliamentary committee determines options to address financial distress

Post by Dinar Droid on Tue May 12, 2020 11:52 am

The Parliamentary Finance Committee, today, Tuesday, outlined several options to face the financial hardship due to the drop in oil prices due to the Corona crisis.


Member of the Committee, Deputy Muhammad Sahib Al-Darraji said in a press statement that "there are measures that must be taken to face financial distress other than internal borrowing or prejudice the reserves of the Central Bank," noting that "among these options is changing the exchange rate and stopping imports in addition to stopping the currency auction and economic measures Other. "
Al-Daraji pointed out that "if oil prices continue to decline, there must be special budgets, including a crisis budget that is based on a price lower than the price of oil to walk salaries and health matters as well as other important matters," noting that "this challenge must be exploited and transformed into an opportunity of Through opening the door for investment and allowing the private sector to operate. "
He called on the government to expedite the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate.


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