The Iraqi Ministry of Planning referred the budget of the year 2020 to the Council of Ministers for approval and then to the House of Representatives for approval, so that the borrowing law could be approved with the aim of launching the entitlements of employees and citizens for the remaining months of the current year.
In this regard, the Ministry announced that the federal financial budget for the current year, which was sent by the Ministry of Finance to the Council of Ministers, is the same budget that was prepared earlier and contains a financial deficit of 80 trillion dinars, or about (67 billion dollars), whereas it relied on a total amount estimated at 146 trillion dinars.
Sending the budget is necessary so that the House of Representatives could pass the borrowing law, which will contribute to providing salaries for employees and citizens' entitlements for the remaining months of the current year, noting that there has been no change to the budget, and it also contained the launch of bonuses and promotions for all employees, noting that the available job ranks available about the retirement referral has been added to the federal budget for the year 2021. The Ministries of Planning and Oil, in addition to the Central Bank, Customs Authority and Public Debt Department, are currently reviewing the sums that could supply the 2021 budget, which is currently lacking in final numbers.
Source (Al-Raya Newspaper-Qatar, Edited)
