Parliament and the government intend to launch a comprehensive plan to ward off the risks of low oil prices
11:00 - 11/03/2020
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The information / Baghdad ..
The Parliamentary Finance Committee announced, on Wednesday, that it intends in coordination with the government to launch a "comprehensive economic plan" to ward off the risks of low oil prices on the country, while stressing that the plan includes reconsidering the items of the 2020 budget by pressing on spending and deleting unnecessary paragraphs while increasing non-oil revenues and following them up precisely.
Committee member Ahmed Al-Saffar said in a statement that followed him / the information: “The urgent immediate plan is to reconsider the state’s general budget items for public expenditures, by deleting what is not necessary, such as delegations and conducting a careful follow-up process for non-oil revenues from border ports and taxes to squeeze spending. And increasing revenue. ”
He added, "We need to reduce dependence on oil and move the actual economic sectors in order not to repeat such a crisis in the future." Noting that " [You must be registered and logged in to see this link.]
a rich country and has full sources of wealth, material, human, agricultural, industrial, commercial, tourism, labor and strategic location."
He pointed out that "the committee seeks to transfer oil revenues and invest them in other sectors, and pave the way for the private sector to participate in the state and return agriculture to what it was in the past", stressing at the same time, that "the salaries of employees are a red line and cannot be crossed."
Al-Saffar said that "the recent package of reforms launched by resigned Prime Minister [You must be registered and logged in to see this link.]
carried the budget a lot, as salaries increased from 38 to 53 trillion dinars after returning the dismissed persons to the ministries of interior and defense and providing new job grades in a number of ministries." Ended / 25