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The National Approach bloc warns against external loans in the 2021 budget
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Today, Saturday, the head of the National Approach bloc, Ammar Tohme, warned of foreign loans in the 2021 budget bill.
In a statement, Tohme said, "We reject the new foreign loans included in the 2021 budget bill amounting to more than (8.5) billion dollars, and we ask Parliament not to approve them. We warn against the foreign borrowing policy and its onerous sovereign and economic effects, especially since many of the proposed projects are allocated These loans have no priority in the government investment approach. What confirms our rejection of these loans is that the allocations of local investment projects amount to (24) trillion dinars, which are sufficient amounts to cover development and productive investment projects if there is an efficient and sound vision, planning and management. "
He indicated that "it should be noted that what has been allocated in the 2021 budget to repay the debt in installments and its interest exceeds (9) trillion dinars, which constitutes 10% of the estimates of total operational expenditures, and the continuation of external borrowing will double the annual amounts paid to pay the installments and interest in a cumulative manner. And it is not justified. "
He added, "In the same context, we refuse to authorize the Minister of Finance to issue sovereign payment guarantees to investors in electric energy in the budget law for the same harmful reasons and consequences mentioned, and we demand that Parliament cancel them."
[You must be registered and logged in to see this link.]
Today, Saturday, the head of the National Approach bloc, Ammar Tohme, warned of foreign loans in the 2021 budget bill.
In a statement, Tohme said, "We reject the new foreign loans included in the 2021 budget bill amounting to more than (8.5) billion dollars, and we ask Parliament not to approve them. We warn against the foreign borrowing policy and its onerous sovereign and economic effects, especially since many of the proposed projects are allocated These loans have no priority in the government investment approach. What confirms our rejection of these loans is that the allocations of local investment projects amount to (24) trillion dinars, which are sufficient amounts to cover development and productive investment projects if there is an efficient and sound vision, planning and management. "
He indicated that "it should be noted that what has been allocated in the 2021 budget to repay the debt in installments and its interest exceeds (9) trillion dinars, which constitutes 10% of the estimates of total operational expenditures, and the continuation of external borrowing will double the annual amounts paid to pay the installments and interest in a cumulative manner. And it is not justified. "
He added, "In the same context, we refuse to authorize the Minister of Finance to issue sovereign payment guarantees to investors in electric energy in the budget law for the same harmful reasons and consequences mentioned, and we demand that Parliament cancel them."
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