[ltr]2020.04.27 - 19:30[/ltr][/size]
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[size=20][size=20]Baghdad - people
The head of the Parliamentary Finance Committee, Haitham Al-Jubouri, confirmed on Monday that the financial deficit in salaries only will reach 34 trillion dinars if oil prices remain the same, while he spoke about the price of selling Iraqi oil at the moment.
Al-Jubouri said in statements that he followed, "people" received a copy of it, today (April 27, 2020), that "three days ago, Iraqi oil has no buyer despite Iraq approaching Indian companies because of the increase in supply and the cessation of most of the world's economies."
He added that "Iraqi oil is currently sold between $ 15 to $ 18, while what is required of Iraq is 7.2 trillion dinars per month to pay the required expenses such as salaries and the purchase of electricity and others," noting that "Iraq's revenues currently amount to 1.5 trillion dinars per month."
Al-Jubouri pointed out that "the solutions proposed to pay the salaries of employees are to increase fees, customs and taxes, and to authorize the Minister of Finance for internal and external borrowing," noting that "corruption in customs annually amounts to 8 billion dollars."
He stressed that "the Iraq budget for 2020 is difficult to approve, so it is better to make a monthly budget approved by Parliament."
He continued, "There is a proposal that includes selling the reduction share of one million barrels to citizens and then selling it to the government when oil improves."
And Jubouri indicated that "the decisions of the Abdul Mahdi government led to raising salaries from 40 trillion dinars to 52 trillion dinars," adding that "salaries for special grades, members of parliament and ministers do not constitute 2 per thousand of the financial budget."
He continued, "The Iraqi debt amounts to 67 billion dollars divided into 27 billion dollars in external debt and 40 billion dollars in internal debt, mostly to government banks and the central bank."
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