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2020 without budget
Ali Hussein Nader *
We reached the second half of the year 2020, and until now, there is no federal budget, neither half nor all of it.
Although the resigned government completed the preparation of the budget, but due to the country’s delay, it sent it to Parliament. Some explain the reasons for not endorsing the policy and some say it is technical.
Therefore, whatever the reasons, it is a big problem and has major economic implications, especially in light of the current crisis.
The lack of a budget means the absence of new investment projects and the lack of support for reluctant ones, as well as increasing the burden on citizens and services and the possibility of delay in the payment of salaries.
Especially since Iraq is completely dependent on the budget and it depends 93% on oil imports.
Which means now that Iraq’s money goes to the budget and it has not yet been legislated !!!
The ideal solution to the status quo is (budget)
In which he records two important aspects: revenue and payments, in order to save public money from waste and hold all the negligent accountable.
* Economic observer
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