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They have to do with the 2020 budget ... Two proposals before the Al-Kazemi government to overcome t

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They have to do with the 2020 budget ... Two proposals before the Al-Kazemi government to overcome t

Unread postby admin » Thu May 14, 2020 8:30 am

They have to do with the 2020 budget ... Two proposals before the Al-Kazemi government to overcome the economic crisis

05/14 2020 10:10

They have to do with the 2020 budget ... Two proposals before the Al-Kazemi government to overcome the economic crisis

Baghdad today - Baghdad

Member of Parliamentary Finance Committee, Shirvan Mirza, revealed on Thursday (14 May 2020), that two proposals are submitted to the government of Prime Minister Mustafa Al-Kazemi to overcome the economic crisis and secure salaries.

Mirza said, in a press statement, that "the economic advisers in the cabinet presented two proposals to the new government to bypassthe economic crisis and secure salaries," noting that "the first proposal is to prepare a monthly federal budget law based on imports and expenditures for each month, and the second suggests that it be one budget For the remaining six months of the fiscal year. "

And he added, "These two proposals or options are still under study, research and discussion between the government and its economic advisors and the Ministry of Finance teams to adopt one of them," explaining that "both options aim to secure payment of salaries of employees, retirees and social welfare."

Mirza pointed out that "the two proposals or options presented for discussion will be adopted by one of them in the Federal Budget Law before sending it to the House of Representatives to legislate it," adding that the budget for the year 2020 (monthly or for the remaining six months) will be operational and austerity without an investment budget.

The MP from the PUK bloc continues that "the next budget will be free of job grades due to the Corona pandemic crisis that has paralyzed the economic movement in all countries of the world," expecting that "the government's plan to prepare the federal budget law will be clear after the holiday."

Mirza stressed, "The government also has proposals to bridge this austerity budget deficit by resorting to external and internal borrowing, compulsory savings, state-of-the-graceful aggravation and the last currency printing," stressing that "the government is studying all of these proposals before proceeding to prepare the general budget law."

On Monday (May 11, 2020), Finance Minister Ali Allawi sent a letter of reassurance to employees regarding salary insurance.

Abdul Amir told the Iraqi News Agency (INA): "We seek to distribute the salaries in full with our expectations for the continued improvement in oil prices."

He added, "Financial matters are difficult, but salaries and people's strength are among the first concerns and priorities of the government."

He stressed that "this government will face the crises in a serious manner," noting that "the necessary reforms for the state apparatus require a change in the economic atmosphere."

He explained that "the global situation is now very difficult and has an impact on the economic movement," noting that "oil prices will be improving soon and we expect financial and economic stability at the global level in the coming months."

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