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Deputy: Parliament Will Not Pass A Borrowing Bill In The Amount Of 41 Trillion Dinars

rocky
rocky
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Deputy: Parliament Will Not Pass A Borrowing Bill In The Amount Of 41 Trillion Dinars Empty Deputy: Parliament Will Not Pass A Borrowing Bill In The Amount Of 41 Trillion Dinars

Post by rocky on Sun 25 Oct 2020, 8:45 am

Deputy: Parliament Will Not Pass A Borrowing Bill In The Amount Of 41 Trillion Dinars
On October 25, 2020
[rtl]Al-Mustaqilla / - Member of Parliament Mazhar al-Jubouri called on the government to find quick alternatives to provide salaries for employees, retirees and social workers, indicating that the parliament will not pass a borrowing law in the amount of 41 trillion dinars.[/rtl]
[rtl]Mazhar al-Jubouri said, in an independent statement, that "there are a lot of revenues that enter the state budget from many ministries and departments, and they must be classified and work on distributing salaries to ministries and agencies, respectively."[/rtl]
[rtl]Al-Jubouri added that "the government's reliance on the borrowing law without moving in other ways to provide salaries is surprising and raises many question marks, especially since Iraq has gone through the past years in more difficult and harsh conditions and with a sharp decline in oil prices without affecting the distribution of salaries and the specified time."[/rtl]
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[rtl]He explained that "Parliament has completed the first reading of the new borrowing law and will proceed with its second reading, and will not pass it by the required amount of 41 trillion dinars, but will reduce the amount to a certain percentage."[/rtl]
[rtl]Earlier today, Sunday, the Parliamentary Economic and Investment Committee called for the state ministries to be lean, and acknowledged that there are no salaries for the month of October, as the borrowing law has not been approved yet.[/rtl]
[rtl]It is noteworthy that Iraq is going through a stifling financial crisis as a result of low global oil prices, on which the Iraqi budget relies heavily, which prompted the Ministry of Finance to borrow in order to distribute the salaries of employees.[/rtl]
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    Current date/time is Tue 01 Dec 2020, 3:44 pm