2,365 Policy 2020/11/07 20:24
Baghdad today – Baghdad
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, determined today, Saturday, the amount of the government’s fiscal deficit in one month, while voting on the borrowing law was likely during the current week.
Ahmed Al-Saffar said, in an interview with (Baghdad Today), that “Parliament read the loan bill for a second reading, after the meeting of the Finance Committee. We attended the report of the committee and it was presented during the session and we listened to the opinions of the representatives regarding it.”
Al-Saffar added, “The coming days will witness gathering information from the government and preparing the law in agreement with the government party,” noting that “the focus will be on the necessary expenditures only, including salaries, retirees, social care, ration card and medicine.”
He pointed out that “the government has a deficit of about 3 and a half trillion per month, and I expect the approval to be between 10 and 15 trillion, to secure the necessary expenditures until the end of this year, and pending the arrival of the 2021 project to the council during the current month, according to the Minister of Finance.”
He suggested the decision of the Finance Committee in Parliament, that “the vote on the deficit financing law will take place in the House of Representatives next Wednesday or Thursday, because the House of Representatives and Parliament are embarrassed about the issue of salaries.”
Today, Saturday (November 07, 2020), the Parliamentary Finance Committee in the House of Representatives expressed its opinion regarding the fiscal deficit financing law, which by passing it will provide the salaries of employees for the past month.
The committee stated in a statement received (Baghdad Today): “We are keen to pass the borrowing law in a manner that guarantees payment of the salaries of employees and retirees, the social protection network, and other expenditures, and the implementation of financial and economic reforms by the government.”
She added, “We have documented information and data that the amount of the borrowing is exaggerated, compared to the disbursement of previous months, as well as by hosting officials in the Ministry of Finance and knowing the data before it.”