A parliamentary bloc reveals new economic risks in the 2021 budget

by **Ponee** Wed Jan 27, 2021 9:11 pm

A parliamentary bloc reveals new economic risks in the 2021 budget{Baghdad: Al Furat News} The Parliamentary Approach Bloc revealed, on Tuesday, the economic and social risks of the current form of the 2021 budget.

The head of the bloc, Ammar Tohme, said, in a statement, which Al Furat News received a copy of, that: We have repeatedly mentioned that the proposed expenditures in the 2021 budget are greatly exaggerated, and this fact becomes clearer by comparing them with the budgets of the coming years (2019-2020).
” We also explained in the tables that the necessary expenditures (operational, investment and provincial development allocations) that are commensurate with the real need do not exceed a total of (90) trillion dinars.

”Tohme stressed that“ these proposed expenditures in the 2021 budget are very numerous and go beyond the realistic need by paying attention to the budget articles that stipulated To grant the region allocations for the years (2014-2019) and to pay the borrowing and the region’s financial obligations owed by it to external parties.
The application of the material that allocates entitlements to the region for years (2014- 2019) means granting the province allocations ranging from (28-36) trillion for those four years, not to mention the amounts of related loans owed by the province to destinations overseas which does not know the amount until the Office of Financial Supervision Federal. ”

He added that” The budget is an annual law whose enforcement and validity is limited to one year, starting on the first day and ending at the end of the last day of the year. This clearly means that the inclusion of these materials with those allocations is intended to be disbursed to the region in this year, and this confirms the validity of our warnings about the severity of the high total amount proposed in the 2021 budget.

Tohme concluded his statement by saying, “We put these facts and what we mentioned in our previous statements before the political forces to take the responsible national position by sparing Iraq from severe economic and social complex risks, as well as addressing the public opinion to bear its responsibility by pressuring its representatives to reduce the exaggerated expenditures and to make the standard of justice and the provisions of the constitution a ruler in the distribution of wealth to Iraqis. “.