Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Iraq seeks another emergency financing law as 2020 budget stalls DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq seeks another emergency financing law as 2020 budget stalls

Go down

Iraq seeks another emergency financing law as 2020 budget stalls Empty Iraq seeks another emergency financing law as 2020 budget stalls

Post by GirlBye on Mon Sep 28, 2020 5:46 pm

Cabinet considers new borrowing legislation to fund massive deficits after political headwinds stopped attempts to pass a full 2020 budget.

Iraq seeks another emergency financing law as 2020 budget stalls 28-9-202003-e1601327764115-600x300

Iraqi Finance Minister and Deputy Prime Minister (second from right) and other Cabinet members in a meeting Sept. 28, 2020. (Source: Iraqi Prime Minister's Media Office)

By BEN LANDO, BEN VAN HEUVELEN, AND STAFF of Iraq Oil Report
Published Monday, September 28th, 2020




Iraq's finance minister on Monday requested the Cabinet fast-track a law to cover deficit spending through the rest of 2020, effectively ending the push to approve a full budget law this year.

The stop-gap financing law is needed to cover monthly spending of about 8 trillion Iraqi dinars ($6.8 billion) on public sector salaries and other government operating expenses, according to a senior Iraqi official. Iraq has averaged less than $3 billion in oil revenues over the past six months, leaving a massive deficit.


https://www.iraqoilreport.com/news/iraq-seeks-another-emergency-financing-law-as-2020-budget-stalls-43127/?utm_source=IOR+Newsletter&utm_campaign=d23954e8f8-Email_Update&utm_medium=email&utm_term=0_f9870911e6-d23954e8f8-192913221
GirlBye
GirlBye
VIP Member
VIP Member

Posts : 1250
Join date : 2018-07-09
Location : So Cal

View user profile

claud39 likes this post

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum