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[size=36]Details of a new Parliamentary Finance meeting on the budget[/size]
political| 09:53 - 05/10/2023
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Baghdad - Mawazine News
The Finance Committee in the House of Representatives confirmed that the budget deficit negatively affects the productive circles, while several solutions were proposed to address the financial deficit.
A statement by the parliament's media department stated, "Deputy Speaker of the House of Representatives, Shakhwan Abdullah, chaired the meeting of the Finance Committee, in the presence of the committee chairman and members, to discuss the results of important points in addressing the problems facing the Iraqi economy and the possibility of reducing the deficit and taking notes on it."
Abdullah appreciated, according to the statement, "the role of the committee and the efforts it exerts in order to achieve a budget that meets ambition," pointing out that "the people are waiting for the approval of the budget, which directly affects their lives."
He added, "The vision became clear to the committee after hosting those concerned, diagnosing the negative and positive aspects, and the mechanism for making transfers between spending chapters, in order to reduce the deficit and increase non-oil resources, especially with the instability of the Iraqi economy due to the discrepancy in oil prices."
For his part, the head of the committee, Atwan Al-Atwani, said, "The budget deficit negatively affects the productive circles, which requires confronting reality and paying attention to the private sector and its involvement with the government sector, activating the collection and fees service, and reaching radical solutions to move forward with a common vision, and seeking to end the situation of deporting problems." And work to eliminate them by identifying important issues according to scientific steps.
The statement added, "The committee's interventions included its vision about the government's goals in accordance with the implementation of the government program, achieving social justice in distributing service projects between administrative units, investing resources based on time feasibility and a productive vision, in addition to resolving the issue of borrowing as it overburdens the budget, as well as moving on." With a three-year or one-year budget, in order to develop a comprehensive vision.
And he continued, "A number of issues of common concern were also raised, including discussing Article 140 of the constitution, legislation of the oil and gas law, justice for the families of the victims of the sons of Iraq during the time of the former regime, and the need to deliver services to all regions and end their suffering, through the necessary sums of money within the general budget." ". Ended 29/N33
The Finance Committee in the House of Representatives confirmed that the budget deficit negatively affects the productive circles, while several solutions were proposed to address the financial deficit.
A statement by the parliament's media department stated, "Deputy Speaker of the House of Representatives, Shakhwan Abdullah, chaired the meeting of the Finance Committee, in the presence of the committee chairman and members, to discuss the results of important points in addressing the problems facing the Iraqi economy and the possibility of reducing the deficit and taking notes on it."
Abdullah appreciated, according to the statement, "the role of the committee and the efforts it exerts in order to achieve a budget that meets ambition," pointing out that "the people are waiting for the approval of the budget, which directly affects their lives."
He added, "The vision became clear to the committee after hosting those concerned, diagnosing the negative and positive aspects, and the mechanism for making transfers between spending chapters, in order to reduce the deficit and increase non-oil resources, especially with the instability of the Iraqi economy due to the discrepancy in oil prices."
For his part, the head of the committee, Atwan Al-Atwani, said, "The budget deficit negatively affects the productive circles, which requires confronting reality and paying attention to the private sector and its involvement with the government sector, activating the collection and fees service, and reaching radical solutions to move forward with a common vision, and seeking to end the situation of deporting problems." And work to eliminate them by identifying important issues according to scientific steps.
The statement added, "The committee's interventions included its vision about the government's goals in accordance with the implementation of the government program, achieving social justice in distributing service projects between administrative units, investing resources based on time feasibility and a productive vision, in addition to resolving the issue of borrowing as it overburdens the budget, as well as moving on." With a three-year or one-year budget, in order to develop a comprehensive vision.
And he continued, "A number of issues of common concern were also raised, including discussing Article 140 of the constitution, legislation of the oil and gas law, justice for the families of the victims of the sons of Iraq during the time of the former regime, and the need to deliver services to all regions and end their suffering, through the necessary sums of money within the general budget." ". Ended 29/N33
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