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Today, Sunday, the Parliamentary Finance Committee identified the most prominent observations recorded in the special budget report, while proposing a reduction in consumption matters amounting to about 20 trillion.
A member of the committee, Representative Mueen Al-Kadhimi, said in a statement, "Our meeting with Prime Minister Muhammad Shia'a Al-Sudani and the ministers yesterday was positive," noting that "the prime minister explained the features and positives of the budget and made some observations on the issue of the three years, support for the private sector, and how to benefit from the field of investment outside the budget for development." Country".
He added, "The observations have been fixed, the most prominent of which includes the issue of the large deficit of 64 trillion, which the budget complains about, given that our revenues are 134 trillion, according to financial estimates, while the expenditures are 199 trillion," noting that "we proposed reducing the deficit by reducing the commodity and service consumption matters consumed by the ministries." Which is unnecessary and estimated at 15 to 20 trillion.
And he continued, "The government has included in the budget external borrowing, which is 9 trillion dinars, but if we are able to reduce unnecessary and luxury expenditures, we will move away from borrowing and the increasing annual loan interests," explaining that "the other note that was made is the support of the provinces, as the committee stressed the need to pay attention to the provinces, Considering that the development of the regions allocated to the provinces is few, as well as the petrodollar and how to distribute the petrodollar to the oil-producing provinces.
And he stressed "the need to clarify many issues that will be after the second reading," pointing out that "the prime minister provided clarification about the three-year budget, which is that the government will present amendments and a new regulation at the end of the year and the House of Representatives will approve it."
He stressed "the importance of thinking seriously about non-oil revenues," pointing out that "we will reach the final results and vote on the budget at the beginning of the fifth month."
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