Parliamentary Finance: A major change will occur in the budget, including the price of oil … and these points of contention
Parliamentary Finance: A major change will occur in the budget, including the price of oil … and these points of contention
Posted, 01/22/2021 20:48:04
{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed, on Thursday, a major change in the draft federal budget bill for 2021.
The committee’s rapporteur, Ahmed Al-Saffar, said in a televised press statement, “The Finance Committee is exempt from attending Parliament sessions and holds morning and evening sessions to end discussion of the budget bill.”
And, “the committee has started developing alternative proposals for each article in the law, and certainly there will be very large and prominent changes, and spending will not remain in the budget of 164 trillion dinars, and it will reduce significantly in return to maximize revenues.”
Al-Saffar stressed, “We have put our hands on waste in revenues and expenditures, and thus we are heading to reduce the deficit significantly,” noting that “the change will affect the price of a barrel of oil and will not remain $ 42,” as specified by the ministry.
He noted, “The differences in the budget are in the distribution of expenditures on the provinces, the share of the Kurdistan region, and the inclusion of the new job grades in the budget,” stressing that “the committee is serious about scrutinizing the draft budget in a large way as it enters into details that were not addressed by previous budgets.”
alforatnews.com
