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[size=36]Parliamentary Finance: No financial distress[/size]
economy | 03:06 - 09/17/2024
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Mawazine News - Baghdad
The Parliamentary Finance Committee confirmed on Tuesday that employees' salaries are fully secured and there is no financial distress, while indicating that it will soon host Finance Minister Taif Sami regarding maximizing non-oil revenues.
Committee Chairman Atwan Al-Atwani said in an interview with the official agency: "There is an exaggeration of the issue of the decline in oil prices, considering that the budget was prepared at a price of $70 per barrel and oil revenues amount to 120 trillion," indicating that "employee salaries represent a small percentage of the budget and do not constitute a large number."
He added: "Even if the price of a barrel of oil becomes $60, salaries will not be affected," noting that "we do not want to reach the stage of dealing with oil, but rather we must increase non-oil revenues."
He continued that "the Finance Committee continues to host ministers and the Minister of Finance will be hosted to review alternatives that can enhance the budget and non-oil revenues," noting that "there is no financial distress."
He stressed that "the main goal is to increase non-oil revenues that achieve sustainable development."
Committee Chairman Atwan Al-Atwani said in an interview with the official agency: "There is an exaggeration of the issue of the decline in oil prices, considering that the budget was prepared at a price of $70 per barrel and oil revenues amount to 120 trillion," indicating that "employee salaries represent a small percentage of the budget and do not constitute a large number."
He added: "Even if the price of a barrel of oil becomes $60, salaries will not be affected," noting that "we do not want to reach the stage of dealing with oil, but rather we must increase non-oil revenues."
He continued that "the Finance Committee continues to host ministers and the Minister of Finance will be hosted to review alternatives that can enhance the budget and non-oil revenues," noting that "there is no financial distress."
He stressed that "the main goal is to increase non-oil revenues that achieve sustainable development."
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