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Parliamentary finance responds to the ministry: Borrowing means bankruptcy within 6 months

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Post by RamblerNash Tue Oct 06, 2020 4:59 am

Parliamentary finance responds to the ministry: Borrowing means bankruptcy within 6 months 11040
Local currencies
 
10/04/2020

Economy News - Baghdad

On Sunday, the Parliamentary Finance Committee issued a statement regarding linking the salaries of employees to the borrowing law, while the committee indicated that the government is trying to throw the ball in front of the parliament and embarrass it.

The committee’s statement, which was reviewed by Al-Iqtisad News, stated that “while we have long waited for the government and the Ministry of Finance to implement the provisions of the Domestic and Foreign Borrowing Law that Parliament passed on 6-24 of this year, which set 60 days to present the economic and financial reform plan, we were surprised by a project. Another borrowing law is as if the ministry’s job is to borrow only. If it continues, Iraq will declare its bankruptcy within six months from now, and here we ask what next? And is this the solution in your opinion? And what if oil prices have decreased more than they are now?

She added, "Unfortunately, we see that the government is trying to throw the ball in front of the House of Representatives and choosing between agreeing to a borrowing that will soon lead to the destruction of the country, the bankruptcy of which the country will bear, and whose results will be borne by generations, and between statements trying to pressure us to export that there are no salaries without the approval of the Council on that borrowing to embarrass the parliament and mix the papers ".

And she continued, "And here we would like to assure all our people that the issue of salaries is not the responsibility of the legislative authority, and it is a purely governmental duty and one of the core of its obligations before its people, and that any attempt to throw the ball at the House of Representatives is a disclaimer of that responsibility and the obligations that the government must undertake. .

And the Minister of Finance announced, on Saturday evening, that the distribution of employees' salaries would be linked to the approval of the borrowing law by the House of Representatives.

https://economy-news.net/content.php?id=22097

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