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Economy News - Baghdad
The Parliamentary Finance Committee said that it will not approve the second borrowing paper that the Iraqi government intends to present.
Committee reporter Ahmed Al-Saffar said, "In the event that the borrowing paper is presented, it will not be approved by the committee, especially since we are on the obligatory vacation for the fortieth visit, and Parliament will not meet before October 10," according to the official Al-Sabah newspaper.
He added, "Among the conditions for approving the first borrowing law was that there should be no other borrowing."
Saffar indicated that "the oil revenues for the month of August amounted to more than 4 trillion dinars, and the loan taken amounted to 15 trillion dinars, which must pay the salaries of employees until the tenth month."
He pointed out, "There is a financial gap of two trillion dinars per month - meaning that the finance spent 9 trillion in three months - and there are 6 trillion dinars missing from the internal borrowing funds," and asked: "Where did that amount go ?!"
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