How much was the fiscal deficit in Iraq’s budget for 2019?

1/2/2019

An increase in the rate of deficit and severe problems in the volume of revenues and transfers and allocations, as confirmed by the Finance Committee parliamentary balance of the two thousand and nineteen.


The member of the Committee Ahmed Al-Saffar that the balance of the year two thousand and nineteen has seen an increase in the fiscal deficit of twenty-six trillion dinars to twenty-seven trillion dinars,

noting that the government did not take all the proposals of the Commission in relation to the points supposed to be amended in the draft financial budget for the next year .


Al-Saffar also said that the draft budget law did not take into account the current situation of Iraq, problems in the liberated provinces, and the relationship between the governments of the center and the region, stressing that the parliamentary finance committee will have an opinion on the draft budget in its current form.

On the other hand, the member of the Finance Parliament Mohammed al-Darraji said that the budget law is very far from the approach of the government of Abdul-Mahdi, pointing out that the final accounts of previous governments did not reach Parliament until the moment and the new government to claim them.

Darraji added that the debts of Iraq exceeded 100 billion dollars in recent years and the central bank to support the budget through treasury bonds and raise the price of the dollar.

As for the problem related to the share of Kurdistan in the budget, a member of the Finance Committee on the mass of the Kurdistan Islamic Group, Ahmed Hama Rashid, the governments of Baghdad and Erbil to comply with all items of the federal budget regarding the share of the region of the budget and the payment of the obligations of the export of oil, Citizens or their living resources.


The Parliamentary Finance Committee hinted at the re-amendment of the federal budget allocations for the year two thousand and nineteen again to the government, because of the failure of the governmental committee to respond to most of its observations and suggestions of deputies.

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