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[size=36]Governmental advisor: restructuring the budget is the only solution to pass it, and the deficit can only be done through surgery[/size]
Political | 02:43 - 02/03/2020
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Baghdad - Mawazine News
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, on Monday, said that the only solution to pass the budget is to restructure it.
Saleh said, according to the Iraqi News Agency, that "restructuring the budget and returning it to the first square is the only solution to pass it," noting that "the deficit can only be resolved through a financial operation and needs sacrifices."
He added that "the House of Representatives has the task of reviewing the legislations issued from 2003 to the day that have major unchanging financial consequences."
Saleh explained that "in the event that the budget is not restructured and alternatives and other solutions are found, it is likely that it will not be approved this year, and that the current investments and expenditures remain in progress and dependence will be on the size of revenues only."
He continued that "the deficit exceeded fifty trillion dinars, and no compensation is required for him except for borrowing, and the country cannot bear other debts."
, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, on Monday, said that the only solution to pass the budget is to restructure it.
Saleh said, according to the Iraqi News Agency, that "restructuring the budget and returning it to the first square is the only solution to pass it," noting that "the deficit can only be resolved through a financial operation and needs sacrifices."
He added that "the House of Representatives has the task of reviewing the legislations issued from 2003 to the day that have major unchanging financial consequences."
Saleh explained that "in the event that the budget is not restructured and alternatives and other solutions are found, it is likely that it will not be approved this year, and that the current investments and expenditures remain in progress and dependence will be on the size of revenues only."
He continued that "the deficit exceeded fifty trillion dinars, and no compensation is required for him except for borrowing, and the country cannot bear other debts."
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