Al-Kazemi’s Advisor: The Next Government May Adjust The Dollar Exchange Rate

by **Rocky** Thu 30 Dec 2021, 8:58 am

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Al-Kazemi’s Advisor: The Next Government May Adjust The Dollar Exchange Rate

by Rocky Thu 30 Dec 2021, 8:58 am

[size=38]Al-Kazemi’s Advisor: The Next Government May Adjust The Dollar Exchange Rate

LAST UPDATE 12/30/2021
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Information/Baghdad.

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the next government will amend the 2022 budget, despite it being properly prepared by the Ministry of Finance, to be one of the first tasks of the new government, while indicating that the government may make changes to the exchange rate.

Saleh said in a statement reported by the official “Al-Sabah” newspaper, which was seen by “The Information”, that “next year’s budget was prepared in the Ministry of Finance, but there is a constitutional path and it was supposed to be submitted to the Council of Ministers last October to be referred immediately to the House of Representatives, but because of a dissolution Parliament did not have an opportunity to discuss it, and the budget is waiting for the formation of the next government and parliament to be the first law to be discussed.”

He added that "the next government will discuss the budget, amend and add, and may make changes to the exchange rate according to the oil markets, and may add new projects to the investment budget," noting that "all these things will not be delayed because the budget is prepared correctly, but there are some adjustments here and there that may be made. by the next government.”

And he continued, “Even if the approval of the budget is delayed, the disbursement will be according to 12/1 of the actual expenses, and those covered by Resolution 315 approved their entitlements in the 2021 budget and it became a reality and prepared for disbursement,” expecting “its disbursement in the 2022 budget. Finance provided that it is legally approved, meaning that if it is approved in the 2021 budget, it will be added in the 2022 budget. If there is no budget, it is likely to be covered by the Financial Management Law.

Saleh pointed out that "Kuwait's money was deducted from oil money and Iraq's revenues, and these funds will be added to the budget, which makes financial space." finished/25

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