Parliamentary Finance comments on the possibility of borrowing again after the 2021 budget approval

Parliamentary Finance comments on the possibility of borrowing again after the 2021 budget approval

11/16/2020 15:40:38

Parliamentary Finance comments on the possibility of borrowing again after the 2021 budget approval{Baghdad: Al Furat News} The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, confirmed the possibility of resorting to borrowing after the 2021 budget was approved.
Al-Saffar said in an interview with Al-Furat News that “it is hoped that the budget will be sent by the government to Parliament at the end of this month for a vote.”
He added that “in all budgets, there is borrowing, but as a separate borrowing law, it is a constitutional violation, and there should be borrowing within the budget, as is found in various countries of the world.”
He added, “It is possible that there will be borrowing because it is certain that there will be a deficit in the budget, and therefore we will be forced to borrow.”

alforatnews.com