Parliamentary Finance: The deficit financing law is an alternative to the budget to cover loans
15:27 - 10/25/2020
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The Parliamentary Finance Committee confirmed, on Sunday, that the law on financing the fiscal deficit submitted by the government to the House of Representatives will be an alternative to the federal budget to cover loans.
A member of the committee, Ahmed Hama, said in a statement to / information /, that “the fiscal deficit financing law submitted by the government to Parliament will be a substitute for the 2020 federal budget to cover loans,” noting that “the loans requested by the government amounted to more than 41 trillion dinars.”
He added, "The government has failed to control the economic conditions during the last period."
The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, had previously confirmed that the government did not adhere to the 2020 and 2021 budgets. Ended 25 T.