Parliamentary Finance: The 2020 budget cannot be implemented and will be devoid of appointments

Parliamentary Finance: The 2020 budget cannot be implemented and will be devoid of appointments

05/11/2020 16:21:33

Parliamentary Finance - The 2020 budget cannot be implemented and will be devoid of appointments{Baghdad: Al Furat News} The Parliamentary Finance Committee ruled out the implementation of the budget bill for the current year 2020.
Committee member, Ahmed Hama Rashid, told Al-Furat News that “the budget was supposed to pass before the beginning of this year, but the government’s resignation and its inability to deliver its draft law to Parliament as a caretaker government whose approval was delayed to this legislative term.”
He explained that “the problem is that according to the law of the financial department, the government must start with the budget of 2021 from the middle of the fifth month (May), and now we are in the middle of the month and the government should start preparing it.”
“As for the 2020 budget, the government should send the data to the House of Representatives for approval and authorize the Financial Supervision Bureau to start final accounts.”
Rashid stressed ”
“If the government does not legislate, the government will resort to the Financial Management Law regarding spending 1/12 of the previous budget for the previous year 2019,” he said, adding that “even if the budget was enacted, then with my conviction, there are no appointments due to the large deficit in it.”
It is noteworthy that the budget for the current year 2020 (according to the project proposed by the government) 162 trillion dinars (135 billion dollars), with a planned financial deficit of 48 trillion dinars (40 billion dollars), including three trillion dinars (2.5 billion dollars) to implement the projects agreed upon with China.
The government was late in sending the draft budget to include the reform decisions that cost the state more than ten trillion dinars ($ 8.3 billion).
Ammar Al-Masoudi ended

alforatnews.com