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[size=40]Parliamentary Finance: Setting Fast Remedies For The Consequences Of Low Oil Prices In Iraq[You must be registered and logged in to see this link.] On 4/3/2020 - 1:41 AM 7[/size]
The Parliamentary Finance Committee announced, yesterday, Tuesday, the establishment of rapid remedies to stop the repercussions of the financial decline in Iraq after the decline in oil prices.
The head of the committee, Haitham Al-Jubouri, said in a press statement seen by Al-Ahd News that “the financial committee has put in place rapid economic remedies at the legislative and executive levels to stop the repercussions of the decline in the financial situation of the country and the drop in global oil prices.”
He added that "the steps include the approval of plans to increase non-oil revenues in relation to tax and customs, improve the tax base, and reschedule some of the internal and external obligations of the Iraqi state."
The Chairman of the Finance Committee stated: “We agreed with the Ministry of Finance to ensure the distribution of salaries of employees and retirees and the social protection network and to continue to provide medicines and the ration card,” explaining that “the agreement also included the provision of ongoing project funds to ensure the provision of services to citizens.”
He emphasized "rescheduling some of the internal and external obligations of the Iraqi state, identifying the debts of Iraq, and addressing the causes of the low customs revenue achieved at the border outlets.
M.R.
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