Two reasons blocking the approval of the 2021 budget, talk of changing the exchange rate, and concerns about the salaries '' deadlock ''

Two reasons blocking the approval of the 2021 budget, talk of changing the exchange rate, and concerns about the salaries '' deadlock ''

2020/12/0







Baghdad today - 


Baghdad Parliament's financial reporter, Representative Ahmed Al-Saffar, revealed new details about a `` new crisis '' that the Iraqi economy is going through, and that concerns the political and technical consensus regarding the budget for next year. 

Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "one of the reasons for delaying the approval of the budget for 2021 is the changes witnessed by oil prices during these days, and this justifies the delay in approving the draft budget." 

He added, "We believe that a budget of 70 trillion dinars will be sufficient for Iraq," noting that "budgets that exceeded 100 trillion have not been spent yet." 

Away from what the parliament is witnessing regarding the upcoming budget, Al-Saffar explained that "there are negotiations between the Ministry of Finance and the International Monetary Fund regarding changing the exchange rate of the dollar," and this matter. 

Regarding the Baghdad-Erbil agreement, he said, "Regarding the recent agreement between Baghdad and Erbil, a delegation from the region will visit Baghdad to discuss the budget handling mechanism," adding, "We believe that 250,000 barrels per day will be delivered to Baghdad, as well as 50 imports from the ports."

 He stressed the Kurdistan Regional Government's readiness to "hand over all of its imports in exchange for Baghdad to spend money for oil-producing companies."

 On the other hand, a member of Al-Iqtisadiah, Mahmoud Al-Zajrawi, expressed his fear of a third borrowing scenario by the government. 

Al-Zagrawi told (Baghdad Today), "The postponement of the cabinet session on the file to decide the fate of the 2021 budget may come because of a thorough reading of the financial situation, scrutinizing its items and looking into developing possible solutions."

 Al-Zajrawi added, "If the postponement is repeated again, this will be the beginning of doubts that it is a government attempt to impose borrowing in the 2021 budget law." 

He expressed his hope that "the government will complete the budget file and expedite sending it to the House of Representatives for study and approval before the deadline for paying salaries next January to avoid major problems."



Al-Zajraoui indicated that "if the government really has determination on the third borrowing file, we will consider the hiring in settling the budget as a pressure card on the street through the gate of delaying the disbursement of salaries in order to approve it." 

Its course in the discount without the borrowing file. "

 An informed political source revealed the reason for the postponement of the cabinet session scheduled to be held today, Saturday, to discuss the draft general budget law for the fiscal year 2021. 

The source stated in an interview with (Baghdad Today), that “the cabinet session was postponed until next Tuesday, due to lack of agreement on a price My guess is for a barrel of oil in the bill. "

 He added, "Among other reasons, the deficit rate was not specified in the draft budget, and there was no agreement on the value of the loans in it." 

On Monday (November 30, 2020), Prime Minister Mustafa Al-Kazemi directed to send the 2021 budget to the General Secretariat of the Council of Ministers immediately for the purpose of checking it. 

The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a press statement, "AlKazemi directed the Ministries of Finance and Planning to send the 2021 budget immediately to the Cabinet Secretariat."

 He added, "The Prime Minister directed the Ministries of Finance and Planning to send the budget for the purpose of scrutiny by the legal department in order to allocate an extraordinary session for discussion and refer it to the House of Representatives for approval as soon as possible." 

Majeed pointed out that "the government and parliament are unanimous in the need to expedite the approval of the 2021 budget."


 Cabinet spokesman Hassan Nazim announced that a special session would be held for the purpose of discussing the draft federal budget law for the next year.




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