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Thursday 09 January 2020 - 20:37
Government committee to reduce fiscal deficit by 2020 budget
Baghdad - Waaa - Nassar al-Hajj
The prime minister's financial advisor, Mazher Mohammed Saleh, revealed thursday that a committee of the Ministry of Finance is currently reviewing the estimate of the expenditures and revenues of the budget bill for fiscal year 2020.
Saleh said in a statement to the Iraqi News Agency (AA) that "the committee to review the estimate of expenditures and examine revenues of the Ministry of Finance, is working to reach the lowest fiscal deficit for the 2020 budget, approaching the data of the Financial Management Act, which requires the availability of cover to meet financial reinforcements." .
"It is difficult to come up with an engineering that will end the fiscal deficit, but it is necessary to reach financial estimates that provide sustainability, i.e. the ability to cope with any situations of exchange difficulties caused by sudden requirements during the fiscal year," he said.
Saleh pointed out that the "Cabinet has already approved the 2020 budget in principle before the resignation of the current government, provided that expenses and revenues are reviewed to allow in the future to take its legal path towards the legislative institution and pass its law as soon as possible so as not to waste economic opportunities." Required for growth.""
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