Home
[size=36]Member of Parliamentary Finance regarding the budget: The government has two options, one of which is pressure on expenditures[/size]
political| 09:47 - 11/02/2023
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Baghdad - Mawazine News
The Parliamentary Finance Committee indicated, on Saturday, that changing the exchange rate may increase the budget deficit by no less than 10 to 15 trillion dinars, with the price of a barrel of oil remaining at around $70.
Committee member Jamal Cougar said, “The financial management law does not allow the government to exceed the budget deficit of 3%, which in all cases does not exceed 15 trillion dinars, but the truth is that the deficit reached more than 60 trillion dinars before changing the exchange rate.” We expect that at least 10 to 15 trillion dinars will be added to this deficit.
He explained that the government, “has two options that do not have a third, either pressure expenditures and go towards deleting some paragraphs in the executive budget or the operational and investment budget, or accept the increase in the deficit from 60 trillion to 75 trillion,” and he believed that “the government should not borrow from local banks.” Basically, the city.
Regarding the government's internal debts, he said: "These banks are supposed to play the role that is synonymous with the role of the government because the latter can create job opportunities through projects through the investment budget, while banks can create job opportunities for the private sector by granting soft loans."
And Cougar continued in an interview with the official newspaper, followed by Mawazine News, that "if the government tends to withdraw liquidity from these banks, it will burden it with increasing debts and loans and handcuffing the banks by creating job opportunities, and thus the pressure will shift to the government, which has tended towards appointment."
Regarding the price of a barrel of oil, Cougar explained that "it will be in the budget estimates about $70, even with its low prices, and the government will have to withdraw from bank reserves as happened in previous budgets," pointing out that "the operational budget will be fixed, while the investment budget will change if it chooses." The government is compressing expenditures, and some projects may be transferred to a supplementary budget or subsequent budgets in the hope of higher oil prices. Ended 29/N33
The Parliamentary Finance Committee indicated, on Saturday, that changing the exchange rate may increase the budget deficit by no less than 10 to 15 trillion dinars, with the price of a barrel of oil remaining at around $70.
Committee member Jamal Cougar said, “The financial management law does not allow the government to exceed the budget deficit of 3%, which in all cases does not exceed 15 trillion dinars, but the truth is that the deficit reached more than 60 trillion dinars before changing the exchange rate.” We expect that at least 10 to 15 trillion dinars will be added to this deficit.
He explained that the government, “has two options that do not have a third, either pressure expenditures and go towards deleting some paragraphs in the executive budget or the operational and investment budget, or accept the increase in the deficit from 60 trillion to 75 trillion,” and he believed that “the government should not borrow from local banks.” Basically, the city.
Regarding the government's internal debts, he said: "These banks are supposed to play the role that is synonymous with the role of the government because the latter can create job opportunities through projects through the investment budget, while banks can create job opportunities for the private sector by granting soft loans."
And Cougar continued in an interview with the official newspaper, followed by Mawazine News, that "if the government tends to withdraw liquidity from these banks, it will burden it with increasing debts and loans and handcuffing the banks by creating job opportunities, and thus the pressure will shift to the government, which has tended towards appointment."
Regarding the price of a barrel of oil, Cougar explained that "it will be in the budget estimates about $70, even with its low prices, and the government will have to withdraw from bank reserves as happened in previous budgets," pointing out that "the operational budget will be fixed, while the investment budget will change if it chooses." The government is compressing expenditures, and some projects may be transferred to a supplementary budget or subsequent budgets in the hope of higher oil prices. Ended 29/N33
[You must be registered and logged in to see this link.]
» Government advisor: Movement to recover bad debts for the benefit of the Iraqi Trade Bank
» The International Development Bank announces the opening of its new branch in Erbil
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
» Budget delay: the cry for help for paralyzed services and disrupted dreams
» Oil: Completion of projects to improve the quality of petroleum products, and others are under imple
» Chairman of the Securities Commission: 3 million shares, average daily trading volume
» Tamim calls on the countries participating in the meetings of the Arab Administrative Development Or
» Parliamentary Endowments: 39 thousand pilgrims, Iraq’s share, and waiving the religious obligation i
» Washington refers to Iraqi legislation that “does not harm” his international presence, and Baghdad
» Deputy: Extending the legislative term depends on sending the budget schedules
» Parliamentary Legal: 88 draft laws on the parliamentary shelf
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
» The head of the movement denies any Iraqi-American negotiations to remove the coalition
» A deputy expects to resolve the issue of electing the Speaker of Parliament next week
» Obtaining the approval of the Minister of Electricity to fill the energy shortage in Dhi Qar
» Economist on the decline in dollar prices: My time and it will not reach its official price
» The Iraqi Ministerial Council for National Security approves the 2024-2028 strategy
» Mulla Bakhtiar: Nechirvan Barzani's visit to Iran melted the ice between Erbil and Tehran
» Password "78"... Why did the Sudanese government's interrogations and noisy sessions decline?
» JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
» Turkish Minister of Transport: The development road will cost $20 billion
» The Supreme Committee for Reconstruction and Investment approves a package of strategic projects
» Work: Preparing a unified national strategy to create job opportunities for youth
» The Prime Minister's financial advisor reduces the risks of the budget deficit
» Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in
» Government Advisor: The Securities Commission represents the governance base for promoting financial
» A unified national strategy to create job opportunities for youth
» A one-week deadline to decide the position of Speaker of Parliament
» Parliament: We coordinate with the competent regulatory authorities to examine medicines
» The Commission suspends the Kurdistan Parliament's voting procedures
» $100 million to localize the pharmaceutical industry
» Increase in external remittances at the Central Bank
» A government advisor reduces the risks of a budget deficit
» Culture: We seek to invest in the stability of the country to advance the tourism sector
» Integrity announces the results of a questionnaire on bribery in real estate registration department
» Parliament comments on Sudanese plan to restructure the government apparatus: It needs radical refor
» The dollar rises again against the Iraqi dinar in Baghdad
» Politician: The government does not deal transparently with the issue of expelling the Americans
» A government bank participating in an accounting project
» Masrour Barzani: The Kurdistan Regional Government has implemented all its obligations and duties
» French Consul: France strengthens relations with the Kurdistan Region
» Studies Center: Sudanese faces the challenges of maintaining sustainable relations with the United S
» “The absence of democracy is not possible.” The federal government remains silent on the postponemen
» Taqadum Party: The absence of the Speaker of Parliament disrupted the general amnesty law
» The file of oil export through Turkish territory is under the control of politicians
» For the sake of the position of president and the budget schedules... there is a preference for exte
» “If you bring the equipment, let’s begin.” Revealing the secrets of Erdogan’s visit to Iraq and the
» Parliamentary moves to approve the Human Organ and Tissue Bank Law
» Electricity embarks on an 11-axis plan to develop the energy sector
» Al-Asadi announces work on legislating a law on occupational health and safety
» Al-Rasheed: Increasing the amount of loans for restoration and maintenance of buildings to 50 millio
» Under the chairmanship of Al-Sudani, Reconstruction and Investment agree on projects related to elec
» Baghdad and Tehran.. New discussions regarding railway connectivity to transport visitors between th
» Immigration: Our plan focuses on the voluntary return of displaced persons and rejecting their house
» An Iraqi trade delegation in Iran to facilitate the export of agricultural crops to Iraq
» Sudanese launches work on the Union Mills Project in Babil Governorate
» Parliamentary demands to resolve the selection of the Speaker of Parliament next week: So far, there
» Sudanese inaugurates a sugar production factory expansion project and three other factories
» Al-Sudani confirms the unlimited support from the government to develop the success story in the pri
» From Babylon... Al-Sudani announces the referral of the large Hilla sewerage project, phase two, to
» Al-Sudani: The factories that opened in Babylon provide more than 4,000 job opportunities
» A representative calls for the payment of lucrative compensation to farmers after the flooding of wh
» Government Advisor: The Securities Commission represents the governance base for promoting financial
» utube MM&C 5/7/24 Iraq Dinar- IQD Update - Regional Trade - A Progession of Reforms - A Global Bac
» MM&C The Iraqi Private Banks Association told NEWS: These are the results of the Prime Minister’s me
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
» Deputy: The general amnesty law will be passed
» A change in the fuel smuggling map... “control” over the central ports and “laxity” in the north
» Al-Sudani takes three urgent decisions to block the wheat mafias in Iraq
» Electricity embarks on an 11-axis plan to develop the energy sector
» “Thug and smuggler.” A female representative talks about a crocodile in Parliament blackmailing exec
» Al-Sudani told the US State Department: Iraq is keen to strengthen its democratic system
» The Central Bank sells more than $275 million at auction today
» The Minister of Commerce stresses the observance of the Iraqi standard in the supply of goods
» The Iraqi Trade Bank announces its participation in the process of localizing the salaries of Kurdis
» Iraq adopts an advanced system to combat money laundering and terrorist financing
» Increase in Euphrates River levels due to Turkish water releases
» Demands the need to legislate the capital law
» Parliament decided to extend the legislative term by one month
» A bank participating in the process of localizing the salaries of employees in the region
» Parliamentary request to the Ministry of Finance regarding defense mobilization dues/document
» Dollar prices in Baghdad and Kurdistan today
» Al-Rasheed decides to increase the ceiling for granting “construction” loans to 75 million dinars
» A government plan to expand the construction of water harvesting dams
» Frozen or banned? An Iranian official reveals the fate of Tehran’s money in Baghdad
» The Iraqi Trade Bank participates in the process of localizing the salaries of Kurdistan Region empl
» Finance confirms the Iraqi government's desire to benefit from the expertise of French companies
» After targeting its branch in Kurdistan... Dana Gas announces a decrease in its profits to $38 milli
» A parliamentary understanding to extend the legislative term to approve the 2024 budget schedules
» Stopping the Commission’s procedures regarding the region’s elections
» Foreign oil companies violate Iraqi laws
» The position of Speaker of Parliament depends on the political agreement
» The Ministry of Finance decides to send the April salary to the Kurdistan region
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
» 88 projects awaiting resolution.. What will happen to the stalled laws in Parliament? - Urgent
» Al-Sudani receives the US Undersecretary of State
» It did not reach the Council.. Parliament determines the mechanisms for dealing with the 2024 budget
» Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video)