The Ministry of Finance issues a statement on the increase in 2021 budget expenditures
The Ministry of Finance issues a statement on the increase in 2021 budget expenditures
01/2021/12 15:20:33
{Baghdad: Al Furat News} Today, Tuesday, the Ministry of Finance issued a statement on the increase in expenditures included in the draft federal budget law for 2021.
The ministry said in the statement that the Euphrates News Agency obtained a copy of it, that “preparing the budget for 2021 was based on the foundations and general principles that reflect the necessary priorities for the current stage.”
He added, “We have worked to reduce obstacles to financial threats and to provide the necessary liquidity to secure the state’s needs in terms of securing salaries and completing projects.”
And that “the 2021 budget included an increase in allocations amounting to (62.5) trillion dinars, excluding foreign and domestic loans compared to what was financed in 2020.”
The finance pointed out that “the increase was concentrated in the area of spending on salaries, allowances and retirement contributions.”
It is noteworthy that the House of Representatives initiated the second reading of the draft fiscal budget law for 2021 amid criticism, describing it as “explosive” in expenditures and a contrast to the financial crisis in the country.
alforatnews.com
