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Parliamentary finance is putting in place quick fixes to stem the repercussions of the financial downturn
22:30 - 03/03/2020
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Information / Baghdad
The Parliamentary Finance Committee announced, on Tuesday, the development 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 statements followed by / information, that "the financial committee has put in place rapid economic remedies at the legislative and executive level to stop the repercussions of the decline in the financial situation of the country and the decline 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 stressed "the rescheduling of some of the internal and external obligations of the Iraqi state, to determine the debt of [You must be registered and logged in to see this link.] and to address the causes of the low customs revenue achieved at the border outlets." 25 n ended
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