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Parliamentary Finance: The investment part of the budget bill may stop
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The Parliamentary Finance Committee suggested stopping the disbursement of funds in the investment side of the draft federal budget law for 2020 after the collapse of oil prices.
Member of the Committee, Siham Al-Aqili, said in a press statement: "The collapse of oil prices and their decrease to $ 30 may push the government and parliament to stop the disbursement of the investment component funds within the 2020 budget, to compensate for the operational component related to employee salaries."
She added: "The government is controlling at the present time to secure the salaries of employees despite the collapse in oil prices," noting that "the decline in oil prices will not last long and the last financial damages will be compensated after the rise in prices in the coming days."
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Parliamentary Finance: The investment part of the budget bill may stop
[size]The Parliamentary Finance Committee suggested stopping the disbursement of funds in the investment side of the draft federal budget law for 2020 after the collapse of oil prices.
Member of the Committee, Siham Al-Aqili, said in a press statement: "The collapse of oil prices and their decrease to $ 30 may push the government and parliament to stop the disbursement of the investment component funds within the 2020 budget, to compensate for the operational component related to employee salaries."
She added: "The government is controlling at the present time to secure the salaries of employees despite the collapse in oil prices," noting that "the decline in oil prices will not last long and the last financial damages will be compensated after the rise in prices in the coming days."
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