Finance Minister: We need 7 and a half trillion dinars for operating expenses

Finance Minister: We need 7 and a half trillion dinars for operating expenses

06/07/2020 18:24:50

Finance Minister - We need 7 and a half trillion dinars for operating expenses{Baghdad: Al Furat News} The Finance Minister, Ali Abdul Amir Allawi, confirmed today, Sunday, the need for Iraq to 7 trillion and a half trillion dinars for operating expenses.
Allawi said in a statement, received by {Al Furat News}, that “his ministry is working on preparing for the budget in 2021,” adding “we are working on borrowing from the World Bank to address the financial crisis.”
Allawi ruled out “the adoption of the general budget for 2020, while stressing the need for Iraq to 7 trillion and a half trillion dinars for operating expenses.”
The House of Representatives, had ended during its meeting last Wednesday, the first reading of the draft law of domestic and external borrowing to finance the fiscal deficit for the year 2020, as the Council voted on the wording of the decision required the Iraqi government to send the budget law of 2020 no later than the end of the month Alhala.anthy

alforatnews.com