12:18 - 09-06-2022
The Parliamentary Finance Committee resolved the controversy over the absence of a budget law for the next year, while warning of the accumulation of major mistakes.
Committee member Sajjad Salem said that in the event that a financial budget law is not issued for the next year, it is possible to spend according to the financial management law with a system of one on twelve of the two thousand and twenty-one budget in the year two thousand and twenty-three, as happened in the current year.
He added, that the budget is not just spending, but rather an economic, social and political behavior of the state, and its absence is very influential and accumulates major mistakes on the state's finances.
The member of Parliamentary Finance indicated that the financial surplus is preferred to be invested in a productive way that enhances income, such as factories and factories, and this will be better than spending in an unproductive consumer way, noting that there is a need for a comprehensive and clear economic policy for the state with full features and a political will that supports this economic policy.
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