Parliamentary Finance: The crisis is temporary, and the budget will be private

[yota691]

Parliamentary Finance: The crisis is temporary, and the budget will be private

 

money and business Economy News _ Baghdad The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, considered Saturday that the financial crisis in Iraq is "temporary", and is the result of a "mistake" in the financial and economic policies, suggesting resorting to borrowing through temporary treasury bonds to bypass the crisis, while the fiscal budget for 2020 will be private And semi-annually. Al-Saffar said in a press statement seen by "Al-Iqtisad News", that "the fastest and easiest solution to overcome the financial crisis or part of it at the present time, which does not cost the government a lot, is to resort to borrowing through temporary treasury bonds," noting that "the next step for it should be It includes redefining the financial policy of the Iraqi state in general at the level of public spending and public revenues. " He added, "General indicators indicate that Iraq is a rich country and its resources are many material and human. The country is not in a real crisis but rather a temporary result of the error in the financial and economic policies since 2003 and the transformation of the Iraqi economy from a product to a unilateral rentier dependent on one source, which is oil And as soon as it decreased, we found ourselves in this crisis, and that the government should not only search for salaries, but rather search for the development of sectors that address unemployment and poverty. " He pointed out that "we entered into the month of June, and until the moment there is no budget, which made us demand in the parliament session last Wednesday, the government to send it quickly before the end of the current month," noting that "the budget will be a special semi-annual that will not include an investment aspect and implementation of projects, but will be Focusing on the operational side and the revenues that will finance it are present. As for the projects proposed for the current year, they can be rotated to the budget for next year. " He continued, "Iraq is in a crisis and its cause is not a lack of resources, but rather because of mismanagement of these resources. We need two things, the first of which is the will and firmness in decision-making, and secondly we need good management of state funds and resources," saying that "cutting part of the salaries or allocations of the presidencies" The three will not address much of the budget deficit because if we cut all the salaries and allocations for the presidencies, the amount will not be large enough to guarantee the treatment of a clear percentage of public spending, just as those allocations were approved by law and anything approved by a law can only be changed by law.

Number of views 34   Date added 06/06/2020

[utah rock]

noting that "the budget will be a special semi-annual that will not include an investment aspect and implementation of projects, but will be Focusing on the operational side and the revenues that will finance it are present. As for the projects proposed for the current year, they can be rotated to the budget for next year. "
good things!!!

[Mr. G]

😳🤔😃🙏