Parliamentary Finance: Forming a strategic committee to prepare the 2021 budget

1/8/2020 12:10


The Parliamentary Finance Committee revealed today, Saturday, the formation of a strategic committee to prepare the budget of 2021.
Committee member MP Naji Al-Saeedi said in a press statement that "a book arrived at the Parliamentary Finance Committee from the Ministry of Finance regarding the formation of a strategic committee to prepare the budget for the year 2021," noting that "the committee will start its work after the Eid holiday, in cooperation with the Ministry of Finance."
Al-Saeedi added that he "does not believe that there is a budget for the current year", pointing out that "the weak revenues and the approval of the borrowing law voted by the House of Representatives ended the budget issue, and the borrowing law became the alternative to the budget."
The House of Representatives had voted earlier, on the law of internal and external borrowing.
A statement of the Media Department of the House of Representatives received [Wayne] stated that "Parliament voted during its No. 6 session in the fourth parliamentary session for the second legislative year in the first legislative term on the internal and external borrowing law to finance the fiscal deficit for the year 2020."