PFC: We seek to reduce the size of the budget to 130 trillion dinars

politics

24-01-2021, 09:12

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Baghdad - INA

The Parliamentary Finance Committee confirmed its endeavor to reduce the size of the budget to 130 trillion dinars.

"The deficit in the budget is greatly exaggerated and part of it is not real," MP Naji Al-Saeedi, a member of the committee, told the Iraqi News Agency (INA), pointing out that the main goal of the Finance Committee's work is to reduce the deficit.

He added, "Reducing the deficit will be through reducing public (operational) spending and the so-called government luxury expenditures, and maximizing public revenues, stressing that the committee is working to reduce the size of the budget to 130 trillion dinars, and raise the volume of budget revenues to 120 trillion.