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Economy News _ Baghdad
Member of the Finance Committee MP Hossam Aqabi, on Thursday, the Council of Ministers to expedite the sending of the budget 2018 to the House of Representatives, stressing the need to cancel the deduction of salaries of employees and stop borrowing.
"The Council of Ministers must adhere to the constitutional dates for the date of sending the general budget to the House of Representatives," he said in a statement, "the need to stop borrowing from the International Monetary Fund or foreign banks and the abolition of the deduction Employee salaries ".
"The stability of oil prices and reaching 50 dollars per barrel is enough to meet the need of the government of public expenditures and salaries of employees and retirees of civilians and military and social welfare salaries and some of the needs of ministries, as well as pay the dues of foreign companies operating in the oil fields, Which is estimated at less than a third of oil revenues. "
"After paying the financial dues to the oil companies, it is unlikely that we need additional loans and bear future financial burdens," he said, noting the need to "prepare a future plan with specific timing for repayment of loans and benefits in subsequent years."
He pointed out that "the importance of the investment projects that serve the financial side and reuse the amounts of oil for the purpose of recycling funds through investment companies," adding that "the budget of 2018 will provide all salaries for the security forces and popular mobilization and employees and retirees and care network Social".
He pointed out that "the Finance Committee is waiting for the budget because the constitutional times stipulated that the government is committed to send to the House of Representatives before the date of 15/10 to take the House of Representatives time to discuss its paragraphs and vote on them within a period of 45 days."
Parliamentary Finance calls for cancellation of the salaries of employees and stop borrowing
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