The budget deadline is about to expire, and Parliament is afraid of oil
The budget deadline is about to expire, and Parliament is afraid of oil
5-6-2023
Information / Baghdad ..
A member of the Parliamentary Finance Committee, Jamal Cougar, revealed the developments in the discussions regarding the passage of the federal budget, indicating that the drop in oil prices confuses the committee’s calculations regarding passing the budget.
“Discussions are continuing regarding passing the budget, and there is no intention to return it to the government at all,” Cougar said in a statement to Al-Maalouma.
He added, “The deadline granted by the State Administration Coalition is not sufficient, and it will be extended to end the discussions on the size of the budget and make the necessary reforms in it.”
He pointed out that “the decline in the global oil price increases fear in Parliament, because the decrease increases the size of the deficit, which exceeded 64 trillion dinars, and puts the Iraqi economy in danger.”
Representative Mudar Al-Karawi had revealed that there was a parliamentary consensus on settling the budget this week, warning of dire economic repercussions in delaying the budget.
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