Parliamentary Finance suggests that the investment funds will not be spent in the 2020 budget after the oil collapse
19:14 - 12/03/2020
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On Thursday, the Parliamentary Finance Committee suggested stopping the money disbursement in the investment side of the federal budget bill for 2020 after the collapse of world oil prices.
Member of the Committee, Siham Al-Aqili, said in a statement to “Information” that “the collapse of oil prices and their decrease to 30 dollars may push the government and parliament to stop the disbursement of investment funds within the 2020 budget”, pointing out that “stopping the disbursement of funds will come as a result of compensation for the operational side related to salaries employees".
She added that "the government is in control at the present time to secure the salaries of employees despite the collapse in oil prices," noting that "the decline in oil prices will not last long and the last financial damage will be compensated after its rise in the coming days."
The economist, Saleh Al- Hammash, confirmed the day before yesterday, Tuesday, [You must be registered and logged in to see this link.]
losses due to low oil prices, estimated at two trillion dinars, while internal losses due to the lack of movement of funds due to the Corona crisis are estimated at about one trillion dinars. It ended 25 T.