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Shafaq News/ A source in the Parliamentary Finance Committee revealed today, Tuesday, that the committee made amendments to the emergency food security support law, including canceling the internal and external borrowing paragraphs, indicating that the amount allocated in the law proposal amounted to 25 trillion dinars, subject to change as needed.
The source, who asked not to be named, told Shafak News Agency; The "proposal of the Emergency Food Security Support Law contained some articles similar to the law sent by the government and repealed by the Federal Court."
The source added; The Parliamentary Finance Committee made amendments to the proposed draft, including canceling internal and external borrowing due to the rise in oil prices and the availability of funds, with the exception of continuous borrowing in a listed project and the state contracted with it earlier.
The source added, "The Finance Committee canceled the articles and paragraphs related to borrowing, which amount to 15 trillion dinars, and that the proposed draft currently in the Committee does not contain any borrowing."
The source pointed out that "the amount allocated in the proposed law on emergency support for food security is 25 trillion dinars, and there may be an increase or decrease in the specified amount according to the needs of ministries, departments and state institutions."
On May 19, 2022, the House of Representatives completed the first reading of the proposed law on emergency support for food security and development.
On May 18, 2022, the committee submitted this proposal to the presidency of the Iraqi parliament as an alternative to the project submitted by the current caretaker government headed by Mustafa Al-Kazemi.
On Sunday, May 15, 2022, the Federal Supreme Court (the highest judicial authority in Iraq) decided to cancel the draft law on emergency support for food security and development (in its first version) based on a lawsuit filed by Representative Basem Khashan, while it indicated that the Al-Kazemi government is a conduct of business and is not entitled to Sending bills, contracting loans, appointing to high positions in the state and exempting them, or restructuring ministries and departments.
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Subject to change according to need.. 25 trillion dinars “balance” for food security and the cancellation of loans is its most prominent feature
Shafaq News/ A source in the Parliamentary Finance Committee revealed today, Tuesday, that the committee made amendments to the emergency food security support law, including canceling the internal and external borrowing paragraphs, indicating that the amount allocated in the law proposal amounted to 25 trillion dinars, subject to change as needed.
The source, who asked not to be named, told Shafak News Agency; The "proposal of the Emergency Food Security Support Law contained some articles similar to the law sent by the government and repealed by the Federal Court."
The source added; The Parliamentary Finance Committee made amendments to the proposed draft, including canceling internal and external borrowing due to the rise in oil prices and the availability of funds, with the exception of continuous borrowing in a listed project and the state contracted with it earlier.
The source added, "The Finance Committee canceled the articles and paragraphs related to borrowing, which amount to 15 trillion dinars, and that the proposed draft currently in the Committee does not contain any borrowing."
The source pointed out that "the amount allocated in the proposed law on emergency support for food security is 25 trillion dinars, and there may be an increase or decrease in the specified amount according to the needs of ministries, departments and state institutions."
On May 19, 2022, the House of Representatives completed the first reading of the proposed law on emergency support for food security and development.
On May 18, 2022, the committee submitted this proposal to the presidency of the Iraqi parliament as an alternative to the project submitted by the current caretaker government headed by Mustafa Al-Kazemi.
On Sunday, May 15, 2022, the Federal Supreme Court (the highest judicial authority in Iraq) decided to cancel the draft law on emergency support for food security and development (in its first version) based on a lawsuit filed by Representative Basem Khashan, while it indicated that the Al-Kazemi government is a conduct of business and is not entitled to Sending bills, contracting loans, appointing to high positions in the state and exempting them, or restructuring ministries and departments.
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