[You must be registered and logged in to see this link.] On 3/20/2020 - 10:39 AM 8[/size]
The Parliamentary Finance Committee revealed, Friday, the insurance of the salaries of employees in the draft federal budget law for the year 2020, while pointing out that the value of the financial deficit will reach 70 trillion dinars in light of low oil prices.
Committee member Haneen Qadu said in a statement that Al-Ahed News received, a copy of it, that "the 50% drop in oil prices naturally affected the construction of the federal budget for the year 2020, given that Iraq depends on oil imports to build federal budgets."
He added that "the value of the financial deficit in the budget will reach 70 trillion dinars due to the drop in oil prices, this will prompt the government and the House of Representatives to rely on other non-oil imports and reduce public expenditures to fill the fiscal deficit in the budget."
Qiddo pointed out that "the government will resort to internal loans from government and private banks to fill the deficit in the federal budget," stressing that "the deficit that does not affect the payment of salaries of employees and retirees."
[You must be registered and logged in to see this link.]