Parliamentary Finance: There is no supplementary budget and the budget of 2020 may be less than the previous one

22 July

  
BAGHDAD (Reuters) - The budget committee said on Monday that the budget allocated for the 2020 budget may be lower than its predecessor, as it is likely to calculate the price of a barrel of oil in next year's budget at $ 53 a barrel, while denying the preparation of supplementary budget for the current year budget.


"The government did not prepare a supplementary budget, because the budget of 2019 does not need to add new amounts to it," said Mahasen Hamdoun, a member of the committee.



Hamdoun added that "many decisions need financial abundance, and if the funds are available within the budget, it will be implemented on the ground," noting that "Iraq did not achieve the financial abundance that aspires during the budget in 2019."


"The budget next year will be the same amount this year or less, considering that the next budget may be calculated on the basis of the price of a barrel of oil $ 53, where there are consultations in this regard, but it is not yet confirmed."


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