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PARLIAMENTARY FINANCE HOLDS THE MINISTRY OF OIL RESPONSIBLE FOR “DAMAGING” THE 2020 BUDGET

rocky
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Finance - PARLIAMENTARY FINANCE HOLDS THE MINISTRY OF OIL RESPONSIBLE FOR “DAMAGING” THE 2020 BUDGET Empty PARLIAMENTARY FINANCE HOLDS THE MINISTRY OF OIL RESPONSIBLE FOR “DAMAGING” THE 2020 BUDGET

Post by rocky on Wed 28 Aug 2019, 2:28 am

PARLIAMENTARY FINANCE HOLDS THE MINISTRY OF OIL RESPONSIBLE FOR “DAMAGING” THE 2020 BUDGET
Wednesday, 28 August 2019 10:10 AM
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Baghdad / National News Center
Member of the Parliamentary Finance Committee MP Adnan Zarfi said that ministries should reduce expenditures to reduce the deficit in the budget of 2020.
Al-Zarfi said in a televised interview for the "Tigris Channel" that "the Ministry of Oil sells a barrel at a cheap price hurts the revenues of the public budget," noting that "the increase in allocations of ministries raised the deficit in the public budget."
Al-Zarfi pointed out that “Parliament has stopped government borrowing for 2019 to reduce the debt ratio,” pointing out that “waste of public money caused significant damage to the federal budget 2020”.
He continued that "Parliament addressed the Ministry of Finance to codify the operational budgets of the provinces."
"We will close the fiscal surplus outlets in the 2020 budget to reduce the deficit," Zarfi said.


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