Representative economy: securing salaries is the responsibility of the government, and continuing to borrow will bankrupt the state

 
10/4/2020

Economy News _ Baghdad

The Parliamentary Economic and Investment Committee confirmed, on Sunday, that securing salaries is the responsibility of the government and not the House of Representatives, while it warned against bankruptcy of the state due to continued borrowing.

The committee said in a statement, "Al-Eqtisad News" received a copy of it, "at a time when the Parliamentary Economic and Investment Committee sought the economic reforms that Mustafa Al-Kazemi's government intends to take to rectify the situation of the Iraqi economy in light of the decline in oil sales prices and reduce Iraq's share in light of OPEC + decisions and the continuation of Corona pandemic, as our committee alerted the government to many economic and investment steps that would maximize financial resources without the need to borrow.

She added, "Despite the Parliament's legislation of the 2020 Borrowing Law on 24/6/2020 to support the government and enable it to implement its vision of reform, and after we welcomed the steps taken by the government in terms of controlling border crossings and forming the Supreme Committee to Combat Corruption, we have noticed a return to financial confusion through irregularity." Paying the salaries of employees and retirees, and the government withdrew the draft budget for 2020 and submitted it to a new borrowing bill and linked it to the salary insurance to the House of Representatives vote on the borrowing bill, which is a precedent that we have not been familiar with throughout the work of previous governments.

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