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The Iraqi parliament votes on the new Iraqi government, headed by Adel Abdul Mahdi, October 24, 2018 in Baghdad. - The Iraqi parliament on Thursday approved 14 new cabinet ministers proposed by prime minister-designate Adel Abdel Mahdi, even as key portfolios such as defense and interior remain unassigned, an official said. A total of 220 lawmakers out of 329 elected in May to a deeply divided parliament, approved Mahdi's 14 picks, including for the ministries of foreign affairs, finances, and petroleum. (Photo by STR / AFP)
On Wednesday, the reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, confirmed that there is a difference of views among the committee members regarding whether to pass a law on financing the fiscal deficit or not, while he suggested reducing borrowing money to the very necessary chapters.
Al-Saffar said, "There is a difference of viewpoints among the members of the Finance Committee regarding whether or not to pass the borrowing law. There are those who support the law and there are those who reject it completely, and a third party deals in moderation, given that the government is really in a financial crisis in need of funds to cover the necessary expenses," indicating "The law has seen it and the amount required therein, which is more than 41 trillion, is a large sum, as it is intended for a mini-budget and not for borrowing in order to cover basic expenses."
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