Finance shows the real impact on the budget: the decline in oil prices is not the reason
Finance shows the real impact on the budget: the decline in oil prices is not the reason
02:47 – 12/03/2020
Baghdad – Mawazine News
, The Parliamentary Finance Committee confirmed, on Thursday, that the real impact on the budget is unnecessary spending, not the drop in oil prices.
Member of the Parliamentary Finance Committee Abdul-Hadi Al-Saadawi said, “The real impact on the budget is unnecessary spending issued by the government, and a number of ministries that have exceeded spending powers and which represent the real danger to the budget.”
He added that “employee salaries are a red line even if there is a decrease in oil prices,” noting that “the rate of decline in oil prices is not expected to continue.”
Al-Saadawi added, “The drop in oil prices does not directly affect the budget,” calling for ”
And he added that “large sums of money are spent to the region and export of oil in exchange for not handing over the import imports to the central government to include it in the state budget.” Ended 29 / A 43
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