Economist: Parliament will be in a critical situation because of promises that will burden the budget with 7 trillion dinars

Economist: Parliament will be in a critical situation because of promises that will burden the budget with 7 trillion dinars

11-12-2022

Economist - Parliament will be in a critical situation because of promises that will burden the budget with 7 trillion dinarsInformation / Diyala..
The economic expert, Qais Al-Obaidi, confirmed, on Saturday, that Parliament will face a difficult situation because of promises that will burden the budget with 7 trillion dinars.
Al-Obaidi said in an interview with “The Information”, “Iraq is suffering from a very serious crisis represented by the appointment of hundreds of thousands of employees in departments and ministries, which are mainly suffering from unprecedented slack, especially since the appointment has become like a source of livelihood for millions of citizens in light of the collapse of the private sector, agriculture and industry.” .
He added, “Representatives making promises to appoint, install, and increase salaries, in addition to the file of compulsory conscription, all require a fixed financial cover for decades, which will cover the rights of these people,” stressing that “adding everyone means weighing the budget by at least 7 trillion dinars.”
He pointed out that “current oil prices may alleviate the problem, but it will be very dangerous if prices collapse, especially since selling oil below $60 represents the beginning of danger in the country because the size of the budget that pays salaries is very high.”
Many deputies had made promises and collected signatures to appoint and install hundreds of thousands of civilians in state institutions on the 2023 budget.

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