Parliamentary Planning: We will not allow the government to borrow from abroad

17:40 - 28/07/2019


The parliamentary planning committee confirmed on Sunday that it will stand against any government orientation to go towards external borrowing to fill the deficit of the 2020 budget, while the budget deficit, estimated at 72 trillion Iraqi dinars, is unrealistic and just.

"The House of Representatives will continue to vote on a paragraph within the draft federal budget law for 2020 not to allow the government to go towards external borrowing to meet the expected fiscal deficit," said member of the Committee Mohamed Karim, "The House of Representatives will continue to vote on the" foreign loans is a major reason The high proportion of fiscal deficit in the budget being operational and not investment, as well as the benefits of them.

He added that "budget deficit of 2020, estimated at 72 trillion Iraqi dinars through the parliamentary financial committee is not only genuine and default," noting that "the House of Representatives is directed towards reducing the deficit by obliging the government to prepare an investment budget."

He pointed out that "the government will resort to internal borrowing from government banks in the event of a large fiscal deficit to curb the rise of external debt of Iraq."

The parliamentary Finance Committee revealed on Saturday that there is a large deficit in the budget of 2020 up to 72 trillion dinars effective, after a year described prosperity, his deficit was 27 trillion speculative compared to what awaits him next year. Finished


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