Sunday Iraqi News CatchUp Economist: The Food Security Law contradicts the white paper and ends with budget legislation

Sunday Iraqi News CatchUp Economist: The Food Security Law contradicts the white paper and ends with budget legislation

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Economist: The Food Security Law contradicts the white paper and ends with budget legislation

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The economic expert, Nabil Al-Marsawi, confirmed today, Sunday, that the draft food security law is temporary, and it expires or becomes effective as soon as a new budget law is enacted.

Al-Marsoumi told "Earth News" that "the title of the draft law includes 4 things that support food security, development, financial precaution and poverty alleviation, but all of them are not present in the body of the law or are improperly scattered, for example the law talks about paying the costs of oil production allocating 5% of the Its resources amount to 25 trillion dinars from the monthly budget surplus, which is achieved above public expenditures, to which 10 trillion dinars are added to internal and external borrowing. Justified, it is also allocating 10% of these expected financial resources to increase the debt service premiums, while the debt service premiums are within the 1-12 ratio that Iraq works in in 2022.