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Parliamentary Finance officially receives the budget and announces the date of the parliament session

The Parliamentary Finance Committee announced today, Wednesday, that it has formally received the draft federal budget bill for 2021.

Committee member Jamal Cougar said in a press statement, “The committee has officially received a copy of the draft federal budget law for the current year 2021, from the Presidency of the House of Representatives.”

He added that “the House of Representatives will hold a session next Saturday to conduct the first reading of the budget bill,” indicating that “the committee will make its observations on the draft budget law after the first reading.”

Cougar stressed, “The House of Representatives will not hold a session tomorrow, Thursday, to hold the first reading of the federal budget bill.”

And the media had reported news that the House of Representatives would hold a session tomorrow, Thursday, to hold the first reading of the federal budget bill for the current year 2021.

It is noteworthy that the Speaker of Parliament, Muhammad al-Halbousi, announced on the 29th of last month the arrival of the government’s 2021 fiscal budget bill and the extension of the current legislative term for one month, in order to complete many important legislations for the coming period, including the budget.

His deputy, Bashir Al-Haddad, affirmed that “the legislative procedures to complete the federal budget law may take 20-30 days, and that the parliament will begin the first reading of the bill in early January.”

“There will be serious and intense discussions towards reducing unnecessary expenditures in the budget law, and reducing the deficit ratio for the benefit of the middle classes, the poor and those with low incomes,” he added. Source