Finance decides to send a new borrowing bill to the Presidency of Parliament

by **RamblerNash** Mon Oct 12, 2020 10:05 pm

Parliamentary Finance Committee

10/12/2020

Economy News - Baghdad

The Finance Committee in the House of Representatives announced, on Monday, that the borrowing bill will be sent to the Parliament .

A statement by the committee reviewed by Economy News said, "The Parliamentary Committee held a meeting at its headquarters in the House of Representatives building headed by its Vice President Muthanna Abdul Samad Al-Samarrai, in which it discussed the economic situation in the country and the draft borrowing law that the government sent to Parliament to approve its legislation in light of a severe economic crisis that is going through. Out the country . "

Al-Samarrai stressed during the meeting, according to the statement, "the need to study the borrowing bill extensively before enacting it and studying its economic effects on Iraq, especially what it represents in bearing heavy burdens that may continue for generations to come, indicating the need for the government to expedite sending the economic reform paper that is supposed to include real solutions." And serious steps to maximize the country's financial resources, just as the borrowing bill was quickly sent .

The committee decided during the meeting, according to the statement, "to submit the bill to the Presidency of the Council of Representatives in preparation for presentation to the House and its first reading, and to transfer it to the committee's financial advisor to provide detailed advice on the law. It was also agreed that the government should send the economic reform paper that Parliament voted, provided that it be sent. Within 60 days of his conditional approval to borrow on 6/24/2029, which has not happened yet . "

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