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Parliamentary Finance: The size of the fiscal deficit in the 2020 budget exceeded 70 trillion dinars
20:47 - 24/24/2020
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20:47 - 24/24/2020
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Information / Baghdad
Member of Parliamentary Finance Committee MP Ahmad Hama Rashid affirmed on Tuesday that the size of the fiscal deficit in the budget for the current year 2020 exceeded 70 trillion dinars.
Rashid said in an interview with "Information", that "the draft budget law for the current year 2020 that was prepared in the Ministry of Finance has set the sale price of a barrel of oil at $ 53, but with the collapse of prices in global markets, especially in the past days due to the repercussions of the Corona virus, which led to a significant increase in the fiscal deficit In the budget, it amounted to more than 70 trillion at current prices. ”
Rashid added, “Until now, he does not know how the 2020 budget will be dealt with, either by lowering the price of a barrel to a certain extent or taking other economic measures because the situation requires the formation of a government and the return of Parliament with a vision of the Corona virus file, which will inevitably lead to a recovery in oil selling prices in global markets.” . 25 p. Ended
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