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MP excludes rejecting the 2021 budget: We pass it so as not to create economic chaos
Economy News - Baghdad
Member of Parliament, Hassan Khati, was enslaved by the parliament returning the budget bill to the federal government during the coming period.
The House of Representatives intends to discuss the provisions of the 2021 budget next week after each deputy receives a copy of the bill.
Khatti said in a televised statement followed by "Al-Eqtisad News", that he ruled out the House of Representatives returning the 2021 budget bill to the government, because the parliament "is keen not to create financial chaos," as he put it.
He added, "Failure to pass the budget contributes to creating economic chaos similar to what happened in 2014."
He stressed that "the House of Representatives urged the current government to send the 2020 budget at the beginning of its assumption of power, but it adopted the principle of 1/12 in the disbursement of operational expenditures and internal and external borrowing."
He revealed that it is not possible to adopt the 1/12 method in disbursing operating expenses during the year 2021 because there is no budget for the previous year.
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