Al-Bajari: The budget is based on support for agriculture and industry and a significant reduction in the deficit

03/2021/01 12:59:27
 
(Baghdad: Al Furat News) A member of the Parliamentary Oil and Energy Committee, Zahra Al-Bajari, confirmed today, Monday, that the 2021 budget is based on supporting the agricultural and industrial sectors in a large way.

Al-Bajari said, "The 2021 budget is based on supporting the agricultural and industrial sector to reduce dependence on oil, and this step is very good."

She indicated that "the return of factories, encouragement of the private sector and agriculture, and the imposition of duties and taxes on import will lead to a reduction in import and dependence on the local product."

Al-Bajari indicated that "the rise in oil prices will go to cover the money deficit, and the financial deficit has decreased from 71 trillion dinars to 25 trillion dinars."

And Prime Minister Mustafa Al-Kazemi announced, yesterday, Sunday, that he has overcome the economic crisis, stressing that "we put the Iraqi economy on a healthy start and the results of economic reform began to appear, and despite the circumstances and challenges, we succeeded in providing a reserve for the Central Bank that exceeded 4 billion dollars in a short period, and we succeeded in Reducing dependence on oil in the 2021 budget and making it 70%, after it was 96%, and the percentage was in favor of revitalizing industry, agriculture and other sectors.

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