Baghdad - INA
The Parliamentary Finance Committee confirmed that the government of Muhammad Tawfiq Allawi will review some paragraphs of the general budget for the year 2020 to address the fiscal deficit.
Committee member MP Ahmad Hama said in a statement to the Iraqi News Agency (INA): The Prime Minister-designate Muhammad Tawfiq Allawi cannot pass the budget and send it to Parliament, except after voting on his cabinet and his government’s program. He added that after Parliament votes by an absolute majority of members of the new government and the ministerial platform, the Allawi government can discuss the budget and send it to the House of Representatives.
He pointed out that the Prime Minister-designate has a long history of fiscal and monetary policy in the country, so the budget with a large fiscal deficit in excess of 48 trillion dinars can be reconsidered, indicating that the new government will address the fiscal deficit by reviewing some paragraphs.
He pointed out that Allawi has many observations on many financial and economic matters in the country, and all problems can be addressed in a short period or in stages.