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Deputy reveals the increase in the budget deficit to 113 percent
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MP Laila Mahdi al-Tamimi revealed that the budget in the federal budget for the next year will rise to 113%, accusing the ministries of the state that they have become the source of the problems and not the solutions to the deficit.
Tamimi said: The calculation of the price of a barrel of oil $ 56 does not correspond to the economic indicators of falling prices, pointing out: The budget of 2019 indicates a deficit of 113% by 2018 in the budget and the government justified by borrowing from domestic and foreign banks.
Al-Tamimi asked: Does Iraq need more weapons than is needed to schools so that the investment expenditure of the Ministry of Defense is higher than education? The reduction of expenditures for wheat and milk crops for 2019 is not commensurate with the government program in maximizing non-oil revenues, pointing out that non-oil revenues constitute 6% of 2019 imports, while it constituted 10% of the budget of 2018, where are our imports of taxes and outlets Border?
Tamimi said: The calculation of the price of a barrel of oil $ 56 does not correspond to the economic indicators of falling prices, pointing out: The budget of 2019 indicates a deficit of 113% by 2018 in the budget and the government justified by borrowing from domestic and foreign banks.
Al-Tamimi asked: Does Iraq need more weapons than is needed to schools so that the investment expenditure of the Ministry of Defense is higher than education? The reduction of expenditures for wheat and milk crops for 2019 is not commensurate with the government program in maximizing non-oil revenues, pointing out that non-oil revenues constitute 6% of 2019 imports, while it constituted 10% of the budget of 2018, where are our imports of taxes and outlets Border?
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