Representative Finance: The White Paper, a roadmap to maximize revenues and reduce expenditures
Representative Finance: The White Paper, a roadmap to maximize revenues and reduce expenditures
11/17/2020 15:31
[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Tuesday, that the white paper is a roadmap to maximize revenues and reduce expenditures over the next 3 years, indicating that the government confirmed sending the budget before the end of this month, while indicating that the fiscal deficit financing law will take effect after 15 Days after its approval, calling on the region to resort to the dialogue table to find out what they have and what financial rights they have.
Committee member Naji Al-Saeedi said, according to the official agency, that “the fiscal deficit financing law has been voted on, and will take effect 15 days after the date of its approval, and will be published in the Iraqi newspaper Al-Waqae ‘.”
He added that “the region demanded sums of money amounting to 900 billion in exchange for the delivery of oil imports, and thus it is a legitimate right, but they must return to the House of Representatives, resort to the dialogue table, and find out what financial dues they have, and what they owe, to solve this problem.”
He pointed out that “the white paper is a medium-term paper from one to 3 years, and it is a reform paper aimed at reducing expenditures and maximizing existing revenues in Iraq.”
“The government confirmed its commitment in the last meeting of the Finance Committee with Prime Minister Mustafa Al-Kazemi, and in the presence of Minister of Planning Khaled Battal Al-Najm, to send the general budget for 2021 before the end of this month, for the purpose of completing it and voting on it, as the loan will provide the salaries of employees for the end of this year.
alliraqnews.com
