Parliamentary Finance announces a change in the salaries deduction and determines the final status of the dollar
Parliamentary Finance announces a change in the salaries deduction and determines the final status of the dollar
2021-01-23
The Parliamentary Finance Committee confirmed, Saturday (January 23, 2021), its intention to finalize the drafting of the 2021 budget and put it to the vote at the end of this week or early next week, determining what it described as the “biggest problem” for the budget, while noting to change the clause of deductions from salaries in another paragraph.
Committee member Jamal Cougar said in a statement to the official Al-Sabah newspaper, “The Finance Committee is continuing its discussions on the budget, which have become almost finished and have begun to finalize them. Therefore, it is possible that the budget will be presented to a vote at the end of this week or early next week.”
He added, “The biggest budget problem is the region’s share, which may be resolved today with the arrival of a delegation from the region to Baghdad to settle their share of the budget and reach a semi-final agreement regarding it.”
He explained, “The committee will host today a delegation of manufacturers and economists. On Sunday, it will host the governors to stand on the budget for developing regions and governorates and listen to their views, and by this the committee ends hosting them for the budget.”
And Cougar stated, “The committee made many changes, including changing the emergency budget from 500 billion dinars to 150 billion, in addition to the deductions clause from employees, and the committee turned to the income tax option, which came with most votes based on Law 113,” noting that “the government choice With deductions it saves 4 trillion dinars, and the income tax option saves 2 trillion and 600 million dinars.
He pointed out that “the committee has tended to raise the price of a barrel of oil from 42 dollars to 45 dollars, and this will generate more than 5 trillion dinars for the state,” stressing that “the only thing that remained constant in the budget is the exchange rate of the dollar against the dinar.”
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