[size=36]Parliamentary committee: the deficit rate in the 2020 budget will rise to 72 trillion dinars for these reasons[/size]
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expected the Finance Committee in the House of Representatives, on Wednesday, high deficit in the budget of 2020 to 72 trillion dinars.
A member of the Committee Abdul Hadi Saadawi that "the proportion of the deficit in the Iraqi budget for the year 2020 will rise to 72 trillion dinars, which will negatively affect the provision of services and supplies necessary for the provinces and ministries."
Saadawi attributed the increase in the deficit to "poor planning and spending a lot of money without reference to the budget, as well as the refusal of the Kurdistan region to deliver oil imports to Baghdad."
"The deficit will increase the burdens on the government and may force it to borrow internally and externally, which will be a burden on it in the coming years," Saadawi said.
Promised a committee member, the financial policy of the government as "wrong because of decisions ill-conceived cabinet regardless a lot of money without reference to the draft budget, in addition to a violation of the Minister of Finance, regardless of funds to the Kurdistan region despite the lack of commitment to pay its oil and border revenues to Baghdad" .anthy 29 / A 43