Revealing the debts of Iraq .. Parliamentary finance: the possibility of passing the 2020 budget is not yet confirmed

by **RamblerNash** Wed May 20, 2020 11:53 pm

Wed 20, May 2020 16:38

Baghdad / Nina / Parliamentary Finance Committee confirmed that Iraq's debts amounted to 124 billion dollars, while it was suggested that the 2020 budget would not be approved.

Member of the Committee, Deputy Muhammad al-Daradji said that "Iraq’s debts currently amounted to 124 billion dollars, while expenditures in 2019 amounted to approximately 116 trillion dinars," noting that "the debts owed by Iraq include what we owed from the Kuwait war."

He added, in a press statement, that "the previous government erred when it agreed to reduce oil production because it caused great losses," calling on Prime Minister Mustafa Al-Kazemi to take a decisive position on this decision after the appointment of a new oil minister, even if we had to leave the OPEC agreement.

He explained that "there are many solutions that must be followed to save the country from the current economic crisis, including preventing speculation with food and not importing non-essential products, as well as imposing control on the border crossings by the government to ensure that unnecessary products are not imported," noting that "it is possible to achieve this By supporting the anti-terrorist agency because there are large (militias) controlling these outlets. "

On the general budget, Darraji explained that "the circumstances that Iraq is going through are difficult, and the possibility of passing the 2020 budget, so far, is not certain." / End 5

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