Parliamentary Finance: We will receive the borrowing law instead of the budget law, and we will have to support it


Baghdad / Al-Akhbariya

A member of the Parliamentary Finance Committee, Jamal Cougar, said today, Wednesday, that Iraq’s imports for the current month are not sufficient to pay salaries and emergencies, indicating that Parliament will receive the borrowing law and will be obliged to support it, in line with matters.

Cougar told Al-Akhbariya, “The government of former Prime Minister Adel Abdul-Mahdi left the government of the current president, Mustafa Al-Kazemi, a heavy legacy and a stifling economic crisis, and we cannot blame the current government for any crisis at all.”

 He added that “the government will send the law of external and internal borrowing instead of the budget law, and it will be supported by Parliament to overcome the economic crisis.”

Cougar pointed out that “the total Iraq wanted during the current month is more than 3 trillion dinars, while Iraq needs six trillion dinars to fill the operational budget, salaries and emergencies.”

It is noteworthy that a number of political blocs opposed borrowing again, whether internally or externally, while the prime minister promised to maximize state resources by controlling outlets, eliminating corruption, strengthening investment, revitalizing the private sector, and other things.

https://www.ikhnews.com/index.php?page=article&id=227873

2 thoughts on “Parliamentary Finance: We will receive the borrowing law instead of the budget law, and we will have to support it

  1. Walter and others,
    Please help me understand this.
    -No 2020 Budget!
    -Borrowing Law instead of 2020 Budget (to cover salaries Oct to Dec 2020?)
    -Borrowing Law: “we will have to support it“. Sounds like DONE DEAL?!? Right?
    -Moving on to 2021Budget?
    I welcome any guidance on this please.
    Mrs. G

    Like

    • Mrs G. That’s what it sounds like- an article also states they just borrowed to cover September salaries & would be released within two days…. We’ll see…

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s