Member of Parliamentary Finance: Borrowing is a deferred tax paid by future generations, and these are the alternatives
Member of Parliamentary Finance: Borrowing is a deferred tax paid by future generations, and these are the alternatives
06/23/2020 12:20:50
{Baghdad: Al Furat News} Member of the Finance Committee, Ahmed Hama Rasheed, confirmed on Tuesday that borrowing is a deferred tax paid by future generations, while he revealed alternatives that dispense with resorting to borrowing.
Rashid said in an interview with {Euphrates News} that “there is a paragraph included in the agreement between the Finance Committee and the Minister of Finance to secure the salaries of the movement of owners and new recruits. External loan. ”
He added, “All there is, we get the internal loan, and this affects the liquidity in the market and does not address the issue from its foundation. As for me personally, I do not vote on the borrowing law because I am not a believer in the law.”
And he stated that “for loans, if they are allocated for consumption, it will be a deferred tax that will be paid by future generations and cannot be taken advantage of,” explaining that “there are other sources that can be used instead of borrowing.”
And he added, “Among the sources are the money held by the mobile phone companies, which owes the government very large sums, and so far has been left untouched, in addition to the double salaries that we can cut from and we do not need to borrow.”
He noted that “borrowing does not lead to a solution in the event for the month of July one assumes what we will do next to feel with expectations not to rise in oil prices until the end of the year , therefore we need other treatments instead of borrowing” .anthy
Ali al – Rubaie
alforatnews.com
