The parliamentary economy expects the deficit in the 2020 budget to increase to 70 trillion dinars[You must be registered and logged in to see this link.]
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The Parliamentary Economy and Investment Committee expected, on Monday, to increase the size of the deficit in the balance of 2020 to about 70 trillion dinars in light of the continued decline in oil prices, indicating that [You must be registered and logged in to see this link.] will face the largest economic crisis stifling its history. Committee member Nada Shaker said to "Information", the sudden drop in oil prices and the failed Abdul Mahdi government policy to deal with crises and dumping [You must be registered and logged in to see this link.] international covenants and loans that will make [You must be registered and logged in to see this link.] in front of a stifling economic stage difficult to get out of.
She added that "with the first decline in oil prices, the budget deficit of 2020 rose to 51 trillion dinars," noting that "in the event of a decline, the deficit is expected to reach from 60 to 70 trillion dinars."
She explained that "the rapid decline and [You must be registered and logged in to see this link.] total dependence on oil makes it in front of an economic crisis that is the largest in its history and requires the government to make rapid moves, including stopping the payment of external debts for the current year with the lowest estimates and more stringent measures." Ended 25 and