Parliamentary Finance comments on the existence of a supplementary budget for 2019

Parliamentary Finance comments on the existence of a supplementary budget for 2019

Posted, 2019/5/25 16:33

Parliamentary Finance comments on the existence of a supplementary budget for 2019(Baghdad: Al-Furat News) ruled out the Parliamentary Finance Committee, the existence of a supplementary budget for the year 2019.
The committee member Abdul Hadi al-Saadawi said in a press statement that “there are no indications on the preparation of the central government supplementary budget for the federal budget of the country for 2019, which is scheduled to be submitted to vote in June of each year according to legal contexts.”
He pointed out that “a consultative session will be held in this regard to discuss the existence of a supplementary budget or not, since in the presence of this budget must be presented in June next to address some of the sections of the public budget that were added and the conjunction of the disbursement of funds allocated to them by achieving additional revenue from the sale of oil.
The Ministry of Finance excluded the supplementary budget for the current year 2019.
Undersecretary Maher Hammad Johan said in a press statement “There is no intention of the government and the Ministry to prepare a supplementary budget for the current year, because the federal budget mainly suffer from a deficit of up to 30 trillion dinars, The preparation of the supplementary budget can only be achieved by the availability of financial and lack of deficit in the federal budget.
He added that “despite the rise in world oil prices, but that did not contribute only to fill the third of the budget deficit, or nearly ten trillion dinars, as Iraq sold its oil to global markets at the price of {65 – 66} dollars per barrel against the budget price of $ 56, Therefore, the size of the remaining deficit of the budget, amounting to 20 trillion dinars and the ministry is working on several taboos. ” is over

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