Iraq News - Local News - Baghdadpost

Defense allocations 19x more than provinces' development: MP

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National Wisdom Movement MP Hassan Fadam asserted that the share of the Ministry of Defense in the 2019 budget is equivalent to nineteen times the money allocated to the development of the Iraqi provinces.

The parliament is working continuously to finalize the draft of the budget during the current month, Fadam said, revealing that there is an intention to reduce or cancel the loans completely and rely on budgetary allocations.

With the problems accompanying the formation of Prime Minister Adil Abdul Mahdi’s government, the state budget has hit a serious deficit, as the 2019 FY budget deficit jumped to 113 percent, according to MP Laila Mahdi al-Tamimi in late December.

 

Last Modified: Wednesday، 16 January 2019 02:00 AM
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