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Parliamentary Finance: Parliament has not received a law regarding borrowing .. Declaring bankruptcy is not an easy issue

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06-10-2020 01:38 PM


Parliamentary Finance: Parliament has not received a law regarding borrowing .. Declaring bankruptcy is not an easy issue

Baghdad / Al-Akhbariya

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed that bridging the financial deficit in the budget needs a set of decisions, indicating that declaring the bankruptcy of Iraq is not an easy issue.

Cougar said to Al-Akhbariya, "The committee asked the Prime Minister to visit him monthly to the House of Representatives, and we demanded, through the borrowing law, that there be a reform paper, and at the beginning of the vote, we required the government to send the 2020 budget because we were fully aware that the government would need loans."

These loans must have a financial cover, and this cover does not exist, either through a borrowing law or a budget."

He explained that, "Parliament until now is supportive and harmonious and wants to fulfill its responsibilities in the budget, as we asked for a reform paper and so far the paper has not been presented.

In the last statement of the Minister of Finance, he threw the ball in the House of Representatives and said that I will not be able to distribute salaries until after the House of Representatives votes on the election law.".

He added, "Parliament has not received a borrowing law and the 2020 budget law in order for the minister to wait for parliament to vote on it, and therefore this is a delay from the executive branch and not from the House of Representatives.

The talk about the disappearance of the money that was borrowed for salaries is not correct."

And that "the salaries of employees is a constitutional right, and the government does not have the right to deduct from it, but to add to it if there is financial inflation and filling the deficit needs a set of decisions.

Borrowing will be included in it and in all previous budgets from the beginning of the fall until now there are loans and deficits that will continue and not be an economic defect."

He stressed, "During 2020, the government must correct the economic process and then increase its revenues, and the economic system in the country must be restructured, because the state system is an old system."

He pointed out that "the issue of collecting state resources does not go to the state treasury, and we do not bear Al-Kazemi ruin because it has resulted in ruin, on the government of its treasury is empty, and on administrative ruin and a government of quotas.

The ministries have been distributed to the parties, and every party has its militia and blame the government that did not implement reforms."

"And declaring Iraq bankrupt is not an easy issue."

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