The Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said today, Monday, that the government’s appeal to some provisions of the budget is “negative”, indicating that Iraq is a productive country and can rely on its national products instead of continuing to import and exit the currency.
Al-Saffar said, in an exclusive statement to the "National News Center", that "the government's appeal to some provisions of the Federal General Budget Law for the current year, negatively affected the goal for which these items were legislated."
He added that the decision had a negative impact, “particularly with the petrodollar clauses of the oil and gas-producing governorates, to compensate for the environmental and health damages in those governorates by opening projects and providing job opportunities for the unemployed, as well as imposing taxes on oil derivatives and fuel imported from abroad, with the aim of encouraging national industry and diversifying sources of imports.” Noting that "Iraq is a productive country and can rely on its national products instead of continuing to import and the exit of hard currency abroad, which has had a negative impact on the national economy."
Al-Saffar indicated that "the budget was approved late and many months have passed, and there are investment projects that are launched," noting that "these projects were included in the budget, which will have a negative impact."
And he continued, "The Finance Committee included, within the budget law, (an article for the recycling of funds) that was not invested for the account of the oil-producing governorates, for the following year."
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