The Finance and Parliamentary Committee indicates that the emergency budget is limited to paying salaries and holding early elections

11/3/2020 17:20

The

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Parliament’s Finance Committee confirmed today, Wednesday, that the emergency budget is limited to paying salaries and holding elections.
Member of the Committee, Deputy Muhammad Al-Daradji said that "Iraq needs an appropriate budgetfor the economic and health conditions the country is going through," noting that "the emergency budget is limited to paying the salaries of employees, which is the most important and creating the conditions for holding elections."

He added, "Even if the budget is announced on the 1st to 12th, the country will face difficulties due to the current circumstances."
The financial advisor to the Prime Minister, Mazhar Mohamed Saleh, had previously stressed the need to go in the short term to legislate an emergency budget, which provides financial sustainability at this stage and meets the necessary needs.

Where Saleh said in a previous statement, that the drop in oil prices to less than $ 30 for a non-short-term period means, of course, dealing with a major financial-economic shock based on the absence of important sovereign resources and the deprivation of the general budget from them, taking into account that the country's budgets are dependent on 92% On oil revenue

alliraqnews.com