Parliamentary energy: the budget of 2018 heavily indebted and free of appointments and investment projects

12/16/2017



A member of the Committee on oil and energy parliamentary Adnan al-Janabi, Saturday, that the draft federal budget for the year 2018 was burdened with debt and free of appointments and investment projects and a clear lack of provision for the rights of the poor.

Al-Janabi said in a press statement today (December 16, 2017) that "all the figures in the budget of 2018 came disjointed and inaccurate in the offer, and there is a lack of provision of the rights of displaced people and the poor from the budget," according to the agency Nina.

He added that "the budget allocated to the security and defense sector 23 trillion dinars, and 7 trillion dinars for the electricity sector, and 3 trillion dinars for ration card, and a trillion dinars for social welfare."

"The budget is almost austerity budget free of appointments and investment projects, and its backbone is based on external loans from the World Bank and the IMF, which makes them burdened with debt."

It is worth mentioning that the House of Representatives ended its consultative session, which was held during the legislative holidays earlier this month to discuss the federal budget 2018, while the Presidency decided to refer the draft budget to the parliamentary financial committee to prepare a final version and presented in another extraordinary session.

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