Parliamentary calls for the government to search for internal ways to provide financial resources instead of borrowing
10:44 - 05/11/2020
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The information / Baghdad ..
On Monday, the head of the Parliamentary Committee on Agriculture, Water and Marshlands Salam al-Shammari called on the government to search for internal ways to provide financial resources instead of external borrowing.
Al-Shammari said in a statement that he received (the information), a copy of it, that "external borrowing again and in such circumstances will lead to new accumulations of [You must be registered and logged in to see this link.]
debts and benefits, which will cause additional burdens for future budgets, which are most indispensable."
Al-Shammari suggested that "the government hold meetings with private banks and ask them to borrow and give them abandoned lands in all governorates that they use for future investment projects."
He added that "there are other things to increase financial resources, such as starting the immediate export of agricultural and animal products and crops that are surplus to the need of the local market, especially as Iraqi products have their Arab and regional markets."
On Saturday, the Council of Ministers decided to approve the draft domestic and foreign borrowing law to finance the fiscal deficit of the year 2020 and refer it to the House of Representatives. Ended / 25