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Member in Parliamentary Finance: The budget for next year is explosive and the largest after 2003

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Post by RamblerNash Thu Dec 31, 2020 4:52 pm

Member in Parliamentary Finance: The budget for next year is explosive and the largest after 2003 02ad9342-15111812-m2-2
Time: 12/31/2020 21:33:37
 
{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Abdul Hadi Al-Saadawi, described the 2021 budget as "explosive and the biggest after 2003."

Al-Saadawi said in a televised interview, "The federal budget that was sent to the House of Representatives is a very large exaggeration in terms of public spending that exceeds the ratio of 164 trillion dinars, which is not consistent with reforms and the large financial deficit, although it is explosive and is the largest after 2003."

He added, "The budget also included a series of financial restrictions to cover large expenditures and doors that we do not need at the present time, and it benefited from the appointment of employees and services and only dealt with some doors far from the economic and financial sides."

Al-Saadawi added, "The raising of the dollar exchange rate has provided the federal government from 20-25 trillion dinars, not from oil and non-oil revenues, but it addresses the crisis of only 6 months," wondering, "How will you deal with the remainder of 2021 and there is no financial liquidity inside the banks until it tends to borrow?"

He also stressed "the need for 7.5 trillion dinars per month as an operational budget, and what is provided does not exceed 5 trillion dinars of oil and non-oil revenues," adding that "the articles of the White Paper have not been applied to address the current economic crisis."

As Saadawi noted, "the failure to include any new project for the provinces in the 2021 budget, and that the House of Representatives rejects employee deductions as it addresses the problem of the benefits of the Kurdistan region."

A member of the Parliamentary Finance Committee denied that "passing the budget is linked to the payment of employees' salaries ... and that it will need in principle from one month to 45 days to vote on it."

Wafa Al-Fatlawi

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