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Baghdad and Arbil form joint committees to determine the budget policy
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The Ministry of Finance announced on Monday the agreement with the Kurdistan Regional Government on the formation of specialized committees to determine the political budget for the current year.
A statement issued by the ministry said on Monday that Deputy Prime Minister and Minister of Finance Fuad Hussein, the meeting of the strategy of the general budget for 2019 During the meeting, which was attended by a number of advisers in the advisers and the Under-Secretary of the Ministry of Finance and general managers and heads of financial departments in the ministries representatives of the Kurdistan Region; Budget and oil prices and mechanisms to avoid any budget deficit
The statement added that consideration was given to the participation of the Kurdistan region in the preparation of the budget, where the audience put forward multiple views in order to avoid any deficit gets the budget as well as seek to increase revenues and reduce expenses, on the other hand, the issue of addressing the liquidity shortage that led to borrowing during previous budgets.
The statement added that it was agreed on the formation of specialized committees to determine the budget policy, taking into account the maximization of imports and reduce the excess expenditure to get rid of the fiscal deficit in some ministries.
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