Representative economy: 70% of the Iraqi people will be affected by raising the dollar and the 2021 budget

Representative economy: 70% of the Iraqi people will be affected by raising the dollar and the 2021 budget

12/26/2020 18:08

Representative economy - 70 percent of the Iraqi people will be affected by raising the dollar and the 2021 budget[Baghdad-Where]
The Parliamentary Economic and Investment Committee confirmed, on Saturday, that more than 70% of the Iraqi people from the poor and middle class will be affected by the government’s measures to raise the dollar and draft the 2021 budget.
A member of the Economic Committee, Nada Shaker, said that “the government is supposed to send the draft budget for 2021 last October, but it sent it at the end of the year in a short time and full of errors.”

She added that “more than 70% of the poor and middle class of the Iraqi people will be affected by the current crisis due to the increase in the price of the dollar and the 2021 budget,” noting that “Iraq’s previous budgets do not exceed 70 trillion dinars now that Parliament was surprised by the shadow of the financial crisis and the government is preparing a budget of 150 trillion.” Dinar”.

Shaker explained that “the poor class of the people cannot be held responsible for financial mismanagement and financial corruption,” stressing that “adjustments will be made to the budget and reduced to ensure that employees’ salaries are not compromised.

alliraqnews.com