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Cougar: The 2020 budget includes a government request to borrow 27 trillion dinars


Mary B
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Monday, 21 September 2020 10:06 AM

 

Cougar: The 2020 budget includes a government request to borrow 27 trillion dinars

Cougar beauty
 
 

 

Today, Monday, the Finance Committee in the House of Representatives revealed that the 2020 budget includes a government request to borrow 27 trillion dinars.

Committee member Jamal Cougar said, "The 2020 budget, which is expected to arrive in Parliament, contains the government's request for a loan of 27 trillion dinars, according to the previous draft."

Cougar stated, "This new borrowing came as a result of the lack of sufficient resources to finance the budget."

He added, "The government will borrow the coming months and the next year if it does not find adequate solutions and works to maximize its resources."

https://www.thebaghdadpost.com/ar/Story/201719/كوجر-موازنة-2020-تتضمن-طلبا-حكوميا-لاقتراض-27-تريليون-دينار

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A deputy proposes following three steps to coincide with borrowing and warns of a "massive deficit"

2020-09-21 | 05:15
A deputy proposes following three steps to coincide with borrowing and warns of a "massive deficit"
 

On Monday, a member of the Parliamentary Finance Committee, Jamal Cougar, suggested that the government follow three steps in conjunction with the external borrowing that it "intends" to obtain, likely to pass its request for that within the parliament to provide salaries, while he warned of a "huge deficit" in the 2020 budget.

Cougar said in an interview with Alsumaria News, "The government, after the parliament voted on the borrowing law, was supposed to send the budget before the end of June, but it did not send it," indicating that "when the government was unable to obtain external borrowing and fulfilled the 15 internal loans. A trillion dinars, it needs a new borrowing law, which was not achieved without passing the budget, which made it send a new budget for the current year. "
 
Cougar added, "The deficit in the 2020 budget is enormous and reached 81 trillion dinars," pointing out that "the deficit is planned, and the government was not supposed to send this number in the budget, given that we passed the month of August and the end of September therefore, all The sums that were disbursed in the previous period are 1/12 of the last year's budget. Consequently, the government was supposed to send them in two parts. The first includes a plan for the remaining three months of the current year, and the other part includes the real spending for the past months.
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06:05 | 2019-12-25


He continued, "The government demanded for the remaining three months in the draft budget of about 27 trillion dinars, which is a large number, and we do not know whether it will be approved or not." It is likely that "Parliament will eventually agree to a specific ceiling for borrowing because it is obligated to take into account the salaries of employees and retirees, protection and social welfare networks." And the martyrs, so we are forced to allow the government to borrow. "
 
"The government, with the borrowing law, is required to initiate three steps, the first of which is real, comprehensive and broad reform, the second is to stop wasting public money and expand the field of fighting corruption, and the third should be that every ministry is a productive financial institution after it was consumed to maximize the state's resources," Cougar stressed.

 

https://www.alsumaria.tv/news/سياسة/358915/نائب-يقترح-اتباع-ثلاث-خطوات-تزامناً-مع-الاقتراض-وي

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Just now, Mary B said:

A deputy proposes following three steps to coincide with borrowing and warns of a "massive deficit"

2020-09-21 | 05:15
A deputy proposes following three steps to coincide with borrowing and warns of a "massive deficit"
 

On Monday, a member of the Parliamentary Finance Committee, Jamal Cougar, suggested that the government follow three steps in conjunction with the external borrowing that it "intends" to obtain, likely to pass its request for that within the parliament to provide salaries, while he warned of a "huge deficit" in the 2020 budget.

Cougar said in an interview with Alsumaria News, "The government, after the parliament voted on the borrowing law, was supposed to send the budget before the end of June, but it did not send it," indicating that "when the government was unable to obtain external borrowing and fulfilled the 15 internal loans. A trillion dinars, it needs a new borrowing law, which was not achieved without passing the budget, which made it send a new budget for the current year. "
 
Cougar added, "The deficit in the 2020 budget is enormous and reached 81 trillion dinars," pointing out that "the deficit is planned, and the government was not supposed to send this number in the budget, given that we passed the month of August and the end of September therefore, all The sums that were disbursed in the previous period are 1/12 of the last year's budget. Consequently, the government was supposed to send them in two parts. The first includes a plan for the remaining three months of the current year, and the other part includes the real spending for the past months.


He continued, "The government demanded for the remaining three months in the draft budget of about 27 trillion dinars, which is a large number, and we do not know whether it will be approved or not." It is likely that "Parliament will eventually agree to a specific ceiling for borrowing because it is obligated to take into account the salaries of employees and retirees, protection and social welfare networks." And the martyrs, so we are forced to allow the government to borrow. "
 
"The government, with the borrowing law, is required to initiate three steps, the first of which is real, comprehensive and broad reform, the second is to stop wasting public money and expand the field of fighting corruption, and the third should be that every ministry is a productive financial institution after it was consumed to maximize the state's resources," Cougar stressed.

 

https://www.alsumaria.tv/news/سياسة/358915/نائب-يقترح-اتباع-ثلاث-خطوات-تزامناً-مع-الاقتراض-وي

 

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Parliamentary Finance: The government requested to borrow 27 trillion dinars for the current year budget

by EditorEconomy42 Minutes ago

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The Parliamentary Finance Committee revealed that the budget of the two thousand and twenty, which is expected to reach Parliament, contains the government's request for a loan of twenty-seven trillion dinars.

The committee said that this new borrowing came as a result of the lack of sufficient resources to finance the budget, indicating that the government will borrow the coming months and the next year if it does not work on finding adequate solutions and works to maximize its resources.

The representative of the government in Parliament had stated that the budget bill would be sent to Parliament at the end of this week.

https://altaghier.tv/2020/09/21/المالية-النيابية-الحكومة-طلبت-اقتراض-27/

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35 minutes ago, Mary B said:
Monday, 21 September 2020 10:06 AM

 

Cougar: The 2020 budget includes a government request to borrow 27 trillion dinars

Cougar beauty
 
 

 

Today, Monday, the Finance Committee in the House of Representatives revealed that the 2020 budget includes a government request to borrow 27 trillion dinars.

Committee member Jamal Cougar said, "The 2020 budget, which is expected to arrive in Parliament, contains the government's request for a loan of 27 trillion dinars, according to the previous draft."

Cougar stated, "This new borrowing came as a result of the lack of sufficient resources to finance the budget."

He added, "The government will borrow the coming months and the next year if it does not find adequate solutions and works to maximize its resources."

https://www.thebaghdadpost.com/ar/Story/201719/كوجر-موازنة-2020-تتضمن-طلبا-حكوميا-لاقتراض-27-تريليون-دينار

Yep that’s billions 

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