Search the Community
Showing results for tags 'jamal cougar'.
A deputy rules out passing the 2022 budget and talks about alternative options June 12, 2022 Alsumaria News - Baghdad, a member of the Parliamentary Finance Committee, Jamal Cougar, ruled out the possibility of legislating the federal budget during this year, pointing to other options to address the economic and financial crisis or go to crises without proceeding with one of them. Cougar said in an interview with Alsumaria News that "Article 62 first of the constitution gave the full and exclusive authority to the federal government with full powers in preparing the general budget. Therefore, talking about the budget means talking about forming the new government." Cougar added, "The completion of the new government is somewhat far away due to the continuation of political differences," noting that "we have entered the middle of the fiscal year, and even if the political parties agree to form a government within a month, it will need two months to prepare its budget and send it to Parliament, which in turn needs As a minimum, a month to complete and vote on it, which means that we have entered the last third of the current fiscal year." He continued, "The current data makes us rule out budget legislation for the current year, but we may witness one or two laws similar to the Food Security Law, provided that the current law is passed and not challenged within the Federal Court, as happened with the law sent previously by the government, but without that, the political forces will be obligated to speed up." In forming a new government with full powers, or the current government may be forced to repeat what happened at the end of last year when it sent a law to borrow and finance in order to cover its expenses.” He continued, "Without these options, the government will be forced to spend from a ratio of 1/12, and then we will enter into many economic crises in addition to the fuel-electricity crisis, especially since Iran has threatened to cut off gas supplies to Iraq at the end of this month in the event that the electricity does not pay the debts accumulated on it, not to mention other crises." accumulated."