Baghdad - INA
The Parliamentary Finance Committee confirmed today, Wednesday that the emergency budget is limited to paying salaries and holding elections.
Member of the Committee, Deputy Muhammad Al-Daradji told the Iraqi News Agency (INA) that "Iraq needs an appropriate budget for the economic and health conditions that the country is going through," noting that "the emergency budget is limited to paying the salaries of employees, which is the most important and creating conditions for the elections."
He added, "Even if the budget is announced on the 1st to 12th, the country will face difficulties due to the current circumstances."
The financial advisor to the Prime Minister, Mazhar Mohamed Salih, had previously stressed the need to go in the short term to legislate an emergency budget, which provides financial sustainability at this stage and meets the necessary needs.
Salih said in a statement to the Iraqi News Agency (INA), that the drop in oil prices to less than $ 30 for a period of not short-term, naturally means dealing with a major financial-economic shock based on the absence of important sovereign resources and depriving the public budget of them, taking into account that the country's budgets It is 92% dependent on oil revenue.