Ayn Al Iraq News

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Parliamentary Finance reveals: The budget does not have sufficient cover for ten months

The Parliamentary Finance Committee confirmed, on Saturday, that the federal budget bill for 2020 does not have sufficient cover for ten months.

Committee reporter Ahmed Al-Saffar said that “the federal budget law for 2020 will include a borrowing project,” noting that “borrowing is a government failure and tampering with public money.”

He added that “the country’s resources are wasted and the government borrows for the availability of salaries, and this matter is a danger to the Iraqi economy,” noting that “the 2020 budget does not have sufficient cover for ten months.”

Last Thursday, the Parliamentary Finance Committee indicated that the federal budget bill for the year 2020 is an operational budget par excellence. Source