conomy News _ Baghdad
Finance department and banks The Parliamentary Finance Committee confirmed, Tuesday, that the federal government does not want to send the federal budget bill for the year 2020 to the House of Representatives.
Committee member Sherwan Mirza said, "The federal government does not want to send the federal budget bill for the year 2020 to the House of Representatives due to the huge deficit that is in it.
" Mirza added, "The House of Representatives has given a deadline for the government until the end of this month to send the budget to the House of Representatives and we are waiting for it to arrive in any Form was quarterly or monthly. "
He explained, "The Financial Management Law states that the budget deficit should not be more than 3%, but the current budget deficit is more than 50% and this is illegal."
He pointed out, "The House of Representatives asked the government to send the budget for discussion and approval." It is whatever the total deficit is, and then it will be modified by the House of Representatives. "
economy-news.net/content.php?id=20739
Finance department and banks The Parliamentary Finance Committee confirmed, Tuesday, that the federal government does not want to send the federal budget bill for the year 2020 to the House of Representatives.
Committee member Sherwan Mirza said, "The federal government does not want to send the federal budget bill for the year 2020 to the House of Representatives due to the huge deficit that is in it.
" Mirza added, "The House of Representatives has given a deadline for the government until the end of this month to send the budget to the House of Representatives and we are waiting for it to arrive in any Form was quarterly or monthly. "
He explained, "The Financial Management Law states that the budget deficit should not be more than 3%, but the current budget deficit is more than 50% and this is illegal."
He pointed out, "The House of Representatives asked the government to send the budget for discussion and approval." It is whatever the total deficit is, and then it will be modified by the House of Representatives. "
economy-news.net/content.php?id=20739