Saleh: The restructuring of the 2020 budget is the only solution to its approval because there is an insurmountable deficit

Saleh: The restructuring of the 2020 budget is the only solution to its approval because there is an insurmountable deficit

4/3/2020 12:29

Saleh - The restructuring of the 2020 budget is the only solution to its approval because there is an insurmountable deficit[Baghdad-Ain]
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that “restructuring the fiscal budget for 2020 and returning it to the first square is the only solution for approval.”
Saleh said in a press statement, that “the House of Representatives has the task of reviewing the legislations issued from 2003 to the day that have great financial consequences that are not subject to change,” noting that “the deficit is not solved except with a financial surgical operation and needs sacrifices.”
He explained that “in the event that the budget is not restructured and find alternatives and other solutions, it is likely that it will not be approved this year, and the current investments and expenditures will remain in progress and dependence will be on the amount of revenue only.”
He continued, “The deficit exceeded fifty trillion dinars, and there is no compensation for it other than borrowing, and the country does not bear other debts.”

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