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A parliamentary committee launches a decision to suspend all investment projects
11:28 - 09/02/2020
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The information / Baghdad ..
The Parliamentary Finance Committee warned, on Sunday, against the suspension of all investment projects during the coming months due to the delay in sending the budget, confirming the sending of the federal general budget for the year 2020, subject to the formation of a new government with a quorum.
The committee’s rapporteur, Ahmed Al-Saffar, said in a statement to “Information”, that “there is no legal basis authorizing the caretaker government to send the budget bill to the parliament,” warning that “all investment projects are threatened to stop as a result.”
Al-Saffar added, "The budget is a language of operational and investment numbers, and sending it requires a vote in the cabinet," stressing that "the repetition of the 2014 scenario will enter the country with a real disaster."
The economic expert, Saleh Al-Hammash, ruled out earlier, voting on the budget during the first half of this year, indicating that the deficit rate will be lower than what was decided due to the lack of funding for some projects, but this will harm the Iraqi economy. Ended / 25h
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