Parliament: An agreement to pass the fiscal deficit law and the existence of hosting for the Ministry of Finance
Parliament: An agreement to pass the fiscal deficit law and the existence of hosting for the Ministry of Finance
10/26/2020 12:55
[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Monday, that there are hosting facilities for the Ministry of Finance and the banks that are nominated to borrow from them according to the new law, on which a first reading was read in the House of Representatives.
Committee member Jamal Cougar said, according to the official agency, that “the fiscal deficit financing law has been read in a first reading and there is an agreement to pass the law, but after making amendments to the formula sent by the government.”
And Cougar stated, “The committee decided to hold several sessions and hosting with the Ministry of Finance, as well as with the banks from which we will resort to borrowing.”
Meanwhile, a member of Parliament, Yahya Al-Ithawi, confirmed that “Parliament has reservations about the fiscal deficit law, as the required amount is 41 trillion dinars, which is a very large amount.”
He added that “the deficit through which salaries can be paid does not exceed 3 trillion per month, ie between 9 and 10 trillion”, suggesting that “this amount is the one that the House of Representatives will vote on.”
alliraqnews.com
