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Today
, Friday, the Parliamentary Finance Committee confirmed that there is no tendency to reduce the deficit and spending in the budget, while indicating the possibility of making transfers in it.
Committee member Hussein Moanis told the Iraqi News Agency (INA), "The committee did not make any agreement with the government to reduce spending or the deficit, and it is going towards transferring expenditures in some ways."
He added, "The initial perception about the deficit in the budget is that it is a planning deficit, and now half of the fiscal year has ended, so we seek in the Finance Committee to transfer spending, and we do not seek to reduce the deficit or the volume of total spending."
Regarding the possibility of oil prices falling below $70, which proves the price of a barrel in the budget, Moanis said, "This will of course affect, especially the spending schedules in the budget. Therefore, we demanded that there be an annual review by Parliament for the tripartite budget, and it will include an item that obligates the government to review the House of Representatives to scrutinize the schedules." The budget is in the event of an annual decrease, and we expect that if it occurs, changes and transfers will occur.
Earlier, the Parliamentary Finance Committee suggested that the budget be completed in full on the next Sunday or Monday and sent to the Presidency of Parliament to set a voting date.[/size]
[You must be registered and logged in to see this link.]
Today
, Friday, the Parliamentary Finance Committee confirmed that there is no tendency to reduce the deficit and spending in the budget, while indicating the possibility of making transfers in it.
[You must be registered and logged in to see this link.]
[size]Committee member Hussein Moanis told the Iraqi News Agency (INA), "The committee did not make any agreement with the government to reduce spending or the deficit, and it is going towards transferring expenditures in some ways."
He added, "The initial perception about the deficit in the budget is that it is a planning deficit, and now half of the fiscal year has ended, so we seek in the Finance Committee to transfer spending, and we do not seek to reduce the deficit or the volume of total spending."
Regarding the possibility of oil prices falling below $70, which proves the price of a barrel in the budget, Moanis said, "This will of course affect, especially the spending schedules in the budget. Therefore, we demanded that there be an annual review by Parliament for the tripartite budget, and it will include an item that obligates the government to review the House of Representatives to scrutinize the schedules." The budget is in the event of an annual decrease, and we expect that if it occurs, changes and transfers will occur.
Earlier, the Parliamentary Finance Committee suggested that the budget be completed in full on the next Sunday or Monday and sent to the Presidency of Parliament to set a voting date.[/size]
[You must be registered and logged in to see this link.]
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