Parliamentary Finance announces the outcomes of its meeting with Al-Kazemi

Parliamentary Finance announces the outcomes of its meeting with Al-Kazemi
money and business

Economy News _ Baghdad

On Sunday, the Parliamentary Finance Committee announced the contents of the committee's meeting held today, in the presence of the Prime Minister.

The Media Department of the House of Representatives said in a statement received by Al-Iqtisad News, that the meeting included rewriting the budget strategy according to a comprehensive economic vision after what came from the government with a financial vision only, indicating that the committee delivered a copy of the amendments it had made to the government’s budget.

He added that the pressure of expenditures and the maximization of revenues was scientifically studied and came after a meeting with most of the government ministers and holding more than 302 hosting of various state institutions, noting that the committee urged support for the private sector and take bold steps to address it and support industrial, agricultural and real estate banks to achieve comprehensive development in these sectors.

The statement noted that the meeting included an exchange of views between the legislative and executive authorities to come up with a unified vision in the public interest, explaining that the committee will directly supervise the implementation of the budget to ensure the implementation of its vision.



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The highlights of the parliamentary finance meeting with Al-Kazemi and his government team

2021-02-07 04:08

Shafaq News / The Parliamentary Finance Committee revealed, on Sunday, the most prominent aspects of its meeting with Prime Minister Mustafa Al-Kazemi and his government team regarding the 2021 budget.

The committee said in a statement received by Shafaq News that it “rewrote the budget strategy according to a comprehensive economic vision after what came from the government with a financial vision only, confirming that it“ delivered a copy of the amendments it had made to the government. ”

She added, "The pressure of expenditures and the maximization of revenues were scientifically studied and came after a meeting with most of the government ministers and holding more than 302 hosting of various state institutions."

In its statement, the committee stressed "supporting the private sector and taking bold steps to address it and support industrial, agricultural and real estate banks to achieve comprehensive development in these sectors."

The Finance Committee continued, according to its statement that "the meeting with Al-Kazemi and the ministers today witnessed an exchange of views between the legislative and executive authorities to come up with a unified vision in the public interest, indicating that it will" directly supervise the implementation of the budget to ensure the implementation of its vision, as well as thinking outside the fund and with dimensions economic".

To that, the deputy and head of the government program monitoring committee, Hazem Al-Khalidi, commented on the most prominent amendments included in the fiscal budget for 2021.

Al-Khalidi said, "It included adding an amount of (500) billion dinars as compensation for what it described as the affected contractors as a result of the difference in the price of the dollar on their activities, and this proposal clearly demonstrates the emergence of the negative effects of raising the dollar exchange rate in a very short time, but it is surprising that it is not noticed. The damage and restrictions that will affect millions of Iraqis with limited income and covered by the social welfare network and dependent on the scarce daily income, and they are more concerned with care and protection from the damage resulting from the increase in the exchange rate, so we renew our demand to restore the exchange rate to be (1300) dinars per dollar to protect millions of Iraqis from this The repercussions and restrictions on their standard of living. "

Al-Khalidi called for the abolition of Article (56) which provides for the exclusion of the budget deficit planned for the year 2021 from the percentage contained in the enforceable financial management law, which does not allow the deficit to increase beyond 3% of the GDP.

He continued, "It is surprising that the government demands in Article 57 of the Budget Law not to publish instructions for implementing the budget in the official gazette, which is incompatible with transparency and making information available to supervisory authorities and public opinion."



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