January 13, 2021 | finance & economy

Finance Ministry issued a statement on the increase in budget expenditures


Baghdad / NINA / The Ministry of Finance issued today, Tuesday, a statement on the increase in expenditures included in the draft federal budget law for 2021.

The Ministry said in the statement that the preparation of the budget for 2021 was based on general foundations and principles that reflect the necessary priorities for the current stage.'

It added that it is working to reduce obstacles to financial threats and provide the necessary liquidity to secure the state’s needs in terms of securing salaries and completing projects, indicating that the 2021 budget included an increase in allocations amounting to (62.5) trillion dinars, excluding foreign and domestic loans compared to what was funded in 2020.”

It indicated that the increase was concentrated in the area of spending on salaries, allowances and retirement contributions.

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