Parliament sets internal borrowing at 40 trillion dinars, and external at 5 billion

Parliament sets internal borrowing at 40 trillion dinars, and external at 5 billion

06/13/2020 09:00:34

Parliament sets internal borrowing at 40 trillion dinars and external at 5 billion{Baghdad: Al Furat News} The House of Representatives intends to vote on a resolution that sets internal borrowing at 40 trillion dinars and external at 5 billion dollars.
Member of the Finance Committee Ahmed Al-Saffar said, in a press statement, that “any deductions from the employees’ salaries must be by law that is voted upon in the House of Representatives.”
He added that “the financial committee met with the ministers of finance and planning, the governor of the central bank, the ministries’ agents and advisors in order to find solutions to the financial crisis and to discuss the internal and external borrowing law of the government.”
He revealed, “The close to voting on a draft resolution in the House of Representatives that includes limiting external borrowing to (5 billion dollars) and internal (40 trillion dinars) from local banks and the central bank.”
He noted that “there is a requirement obliging the government after the vote on the draft resolution in the House of Representatives , which provide 60 days after paper reform is working toward a radical change in the budget and non – oil revenues” items .anthy

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