Finance: We spent about 51 trillion dinars since the beginning of the year until the middle of last month
Economy News - Baghdad
The Ministry of Finance announced that it had spent about 51 trillion dinars since the beginning of this year until the middle of last month.
The Ministry of Finance said, in a press release received by Al-Iqtisad News, “ The Ministry of Finance categorically rejects social media allegations that 6 trillion Iraqi dinars cannot be tracked through the 15 trillion dinars borrowing approved by the House of Representatives in May 2020.”
She added that the loan amounts approved by the House of Representatives were used in full to finance the deficit in spending on salaries and retirement for the months of June, July and August .
She emphasized that the net oil and non-oil revenues for the period 1/1 _ 17/9/2020 amounted to 33.6 trillion dinars, and the balance from 2019 to 2020 amounted to 5 trillion dinars, and the total borrowing amounted to 14.5 trillion dinars, thus the total funding was 53.1 One trillion dinars
She noted that an amount of 50.9 trillion dinars was funded for salaries, retirement, social protection network, indebtedness, benefits, ration card, wheat, and operating expenses for security departments, presidencies, health departments, medicines ... etc. and an amount of 380 billion dinars for investment projects, according to work achievements .
She indicated that the remaining amount is 1.8 trillion dinars, and the Accounting Department continues to finance the loan from the original loan .
She explained that the amount of foreign borrowing approved by the House of Representatives in the amount of 5 billion dollars will be directed to investment projects .
The Ministry concluded its statement by saying that the Ministry of Finance is using all its energies to successfully manage the current financial crisis, and the Ministry of Finance warns that such statements in light of the current financial crisis are absolutely irresponsible and generate unnecessary anxiety among the general public.