Almasalah

  In Almasalah 

Parliamentary Finance: There is no adjustment of the exchange rate in the budget

The Parliamentary Finance Committee clarified, on Thursday, March 18, 2021, that there is no adjustment to the dollar exchange rate in the budget, while it announced the inclusion of financial allocations to improve the ration card items.

Committee member Jamal Cougar said in a press statement followed by the obelisk, that “there is a meeting of the committee with the Presidency and the heads of parliamentary blocs, and we did not know the main topic of the meeting, is it to pass the budget or talk about controversial articles,” indicating that “if there was a serious intention to pass the budget, it would be included on The agenda first, then the Federal Court. ”

Cougar pointed out that “there are parties that want to pass the Federal Court Law and then the Budget Law,” adding, “There is no amendment to the dollar exchange rate in the budget, and the change is not within the powers of the committee or parliament.”

He explained that “changing the dollar exchange rate means changing the budget completely, changing resources, expenditures and the deficit will be large. Those affected by the amendment will demand compensation and confuse the market, and people will lose confidence in the central bank, and this is very difficult.”

He pointed out that “the Finance Committee has guaranteed financial allocations to improve the ration card materials because there are many segments that have been damaged as a result of the high exchange rate and the paralysis of the economy,” noting that “increasing the ration card items needs financial allocations and government support for the House of Representatives so that no appeal is made later.”