The resigned government leaves a fiscal deficit of about 47 trillion dinars

The resigned government leaves a fiscal deficit of about 47 trillion dinars

FEBRUARY 15, 2020

The resigned government leaves a fiscal deficit of about 47 trillion dinarsThe Parliamentary Economy and Investment Committee revealed today, Saturday, about 47 trillion dinars as an annual deficit in 2019, indicating that the large deficit will lead to reducing the ambition of the next government to make concrete economic reforms.

Committee member Nada Shaker Jawdat said in a statement that “the resigned government left an annual deficit of about 47 trillion dinars without achieving any economic achievement.”

Jawdat added, “The next government will find itself forced to pay those sums from the 2020 budget, making it constrained by conducting comprehensive economic reforms as they are prepared.”

She noted, “Adoption of the next budget will be very difficult in light of popular discontent and demands to increase government employment at a time when the government faces a clear economic crisis.” a

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