The Ministry of Finance responds to allegations of losing 6 trillion dinars and warns

Time: 2020/10/01 15:20:16
 
{Baghdad: Al Furat News} The Ministry of Finance "categorically rejected social media allegations that 6 trillion dinars could not be tracked through the 15 trillion dinars borrowing that was approved by the House of Representatives in May 2020."

A statement by the ministry, of which the Al Furat News Agency received a copy, stated that "the loan amounts approved by the House of Representatives were used in full to finance the deficit in spending on salaries and retirement for the months of June, July and August."

The financial statement indicated that "the net oil and non-oil revenues for the period 1/1 - 17/9 2020 amounted to 33.6 trillion dinars, and the balance rounded off from 2019 to 2020 amounted to 5 trillion dinars, and the total borrowing amounted to 14.5 trillion dinars, so the total financing is 53." 1 trillion dinars.

The statement continued, "An amount of 50.9 trillion dinars has been funded for salaries, retirement, social protection network, debt, benefits, ration card, wheat, operating expenses for security departments, presidencies, health departments, medicines ... etc. and an amount of 380 billion dinars for investment projects, according to work achievements."

He pointed out, "The remaining amount of 1.8 trillion dinars is continuing with the accounting department with financing out of the loan," noting that "the amount of foreign borrowing approved by the House of Representatives at an amount of $ 5 billion will be directed to investment projects."

The Ministry of Finance affirmed that it is "changing all its energies to successfully manage the current financial crisis," warning that "such statements in light of the current financial crisis are absolutely irresponsible and generate unnecessary anxiety among the general public."

Ammar Al-Masoudi

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