Adi Awwad: Loans threaten Iraq’s currency reserves and the 2020 budget is stillborn
Adi Awwad: Loans threaten Iraq’s currency reserves and the 2020 budget is stillborn
6/25/2020 23:59:15
{Baghdad: Al Furat News} The deputy of the Sadqoun bloc, Uday Awad, warned of the danger of lending to foreign currency reserves in Iraq.
Awad indicated to the {event} program broadcast on Al-Furat satellite channel this evening, Wednesday, that “the borrowing law allows the Council of Ministers the authority to borrow from inside and outside Iraq, therefore it is free to dispose of the money that it will borrow until Parliament added some paragraphs to the law, including the case of lecturers and appointees to The Ministry of Education, Contracts and Procedures in the Ministry of Electricity. ”
He added, “The government has a set of urgent obligations. Therefore, the goal of the House of Representatives was to determine the value of external loans, which are required even to raise taxes and reduce salaries, while internal borrowing is a red line because it will affect the currency.”
He noted that “more than $ 5 billion will be withdrawn from the reserves of the Central Bank, which will enter Iraq into a big problem, and forced us to vote on the borrowing law so that the salaries of employees are not deducted.”
Awad added, “The previous governments used to be courtesy at the expense of the outlets, and there is a large smuggling of materials through large outlets in northern Iraq that filled local markets and they do not recognize the laws.”
He added that “the budget of 2020 was born dead and the amounts obtained from oil are not enough to pay salaries, and therefore the reform paper must include significant and effective achievements and the government’s duty to provide opportunities for young people,” noting that “the recent appointments were unsuccessful and some of them until now did not find places to work.”
Commenting on the incident that deputies stormed the Basra ports, Awad said, “It was not a storming process, as the current Minister of Transport when he issued an order to change the director of the ports company in the next. mechanism”.
He continued, “There was an objection from the Governor of Basra, as he was in breach of Diwani’s order issued by the Prime Minister, and Al-Kazimi was contacted, who in turn confirmed that the decision of the Minister of Transport was in breach of his Diwani order.” The company was accompanied by some of Basra’s deputies to see the ministerial order. ”
Ammar Al-Masoudi ended
alforatnews.com
