In the financial document, a draft law on financing domestic borrowing is presented to the government to bridge the 2020 deficit

In the financial document, a draft law on financing domestic borrowing is presented to the government to bridge the 2020 deficit

09/28/2020 12:27:00

In the financial document a draft law on financing domestic borrowing is presented to the government to bridge the 2020 deficit{Baghdad: Al Furat News} The Ministry of Finance presented, to the General Secretariat of the Council of Ministers, a draft law on financing domestic borrowing to finance the 2020 deficit.
In the document sent to the General Secretariat of the Council of Ministers, the Euphrates News Agency obtained a copy of it bearing the title of a draft law on financing domestic borrowing to finance the fiscal deficit for the year 2020, justifying that by withdrawing the budget law from the parliament by the government.
The Ministry of Finance indicated in a statement today that it is currently preparing a detailed road map to finance basic expenditures for the remaining three months of the current year, “which we will soon present to the House of Representatives,” explaining that “this plan includes increasing the ministry’s ability to borrow internally,” Once approved, we could start securing government salaries completely. ”
On Tuesday, the government withdrew the 2020 budget bill from Parliament, one day after it was delivered for the purpose of discussion and approval, according to what the Parliamentary Finance Committee announced.
Earlier, the Minister of Finance, Ali Abdul Amir Allawi, ruled out approving the general budget for the year 2020, confirming the trend towards borrowing. Borrowing from the World Bank to address the financial crisis. ”

alforatnews.com