Parliamentary Finance reveals the details of the changes that took place to the budget

money and business

Economy News _ Baghdad

The Parliamentary Finance Committee confirmed, on Thursday, the details of the general budget approved by the House of Representatives after marathon discussions.

Committee member Jamal Cougar said in a press interview, “The committee worked to reduce the amount of spending from 164 to 129 trillion and reduce the fiscal deficit in the budget law from 71 trillion to 28 trillion dinars.”

He added that “the Finance Committee held more than 45 meetings and conducted 55 meetings that hosted ministers, agents, governors and officials in the state to discuss operational and investment expenditures in the budget law.”

And Cougar said, “The committee has, in the previous period, amended most of the articles of the budget law, and the draft budget voted by the House of Representatives has become different from the one sent by the government.”

A member of the Finance Committee confirmed, “Parliament voted for the price of a barrel of oil to be $ 45 instead of $ 42, and to fix the exchange rate of the dollar or the Iraqi dinar, as it was sent by the government.”

And on the delay in voting on the budget, Cougar explained, “Political differences are the ones that delayed the vote on the budget law, as well as the electoral auctions of some blocs and their demands for crippling demands.”

The House of Representatives voted, yesterday evening, Wednesday, on the General Budget Law for 2021 after a permanent delay of three months inside the Parliament.

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