Representative economics: We will not vote on the borrowing law except after making 3 important amendments
Representative economics: We will not vote on the borrowing law except after making 3 important amendments
10/26/2020 18:45
[Baghdad-Where]
Member of the Parliamentary Economic and Investment Committee, Representative Mahmoud Al-Zagrawi, confirmed, on Monday, that the vote on the fiscal deficit financing law will only take place after making 3 important amendments.
Al-Zagrawi said. “Parliament may discuss the law on financing the fiscal deficit next week for its importance, but it cannot be accepted to proceed with voting on it, and there is a financial deficit of 41 trillion dinars,” pointing out that “the amount is large and will lead to exhaustion of the Iraqi economy with very large debts.”
He added, “Going forward with the law requires resolving the file of the first borrowing and explaining the mechanisms for using money, whether for salaries or for the rest of other expenditures, in addition to that the law requires the achievement of 3 important amendments, which are reducing the amounts of deficit and expenditures and maximizing financial revenues.”
Iraq suffers from great economic and financial difficulties, as the government seeks to borrow for a second time to secure salaries.
alliraqnews.com
