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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Parliamentary Finance: Reducing the exchange rate cost the budget 14 trillion, and the deficit reach

    Rocky
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    • Post n°1

    rate - Parliamentary Finance: Reducing the exchange rate cost the budget 14 trillion, and the deficit reach Empty Parliamentary Finance: Reducing the exchange rate cost the budget 14 trillion, and the deficit reach

    Post by Rocky Tue 07 Mar 2023, 6:04 am

    [size=30]Parliamentary Finance: Reducing the exchange rate cost the budget 14 trillion, and the deficit reaches 60 trillion dinars
    [ltr]2023.03.07 - 11:46[/ltr]
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    Baghdad - Nas  
    The Parliamentary Finance Committee spoke of its desire to reduce the amounts of the budget law to 170 trillion dinars, confirming good amounts for the investment part in order to implement the paragraphs of the ministerial curriculum of the current government.  
      
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    Committee member Mueen Al-Kazemi said, "The draft budget law was supposed to arrive some time ago, but the dollar exchange rate changed from 1,450 dinars to 1,300 dinars."  
      
    Al-Kazemi, the representative of the coordination framework, continued, "This change made the government return the project to the Ministries of Finance and Planning in order to reconsider it at the new exchange rate."  
      
    And he stated, "The discussion will take place on all items within the concerned committees and in coordination with the political blocs," and he talked about "a desire to establish a fund for the reconstruction of the poorest provinces, a fund affected by terrorism, and a fund for the reconstruction of Dhi Qar."  
      
    And Al-Kazemi continues, “The government project reduced the total budget amounts after it was more than 200 trillion dinars, and it has now become about 196 trillion dinars, and this ceiling is subject to discussion within the corridors of Parliament.”  
      
    And he added, "Iraq's oil and non-oil revenues were previously 149 trillion, but after changing the exchange rate they became 135 trillion dinars."  
      
    Al-Kazemi stated, "Iraq exports 3,500,000 barrels of oil per day at a price of $65, according to what is estimated in the budget, although the official price is higher than that."  
      
    And he talked about "the possibility of the deficit reaching 60 trillion dinars, which is a large amount," explaining that "the Finance Committee in the House of Representatives has a vision that the budget is about 170 trillion, 90 trillion of which goes to the operational part."  
      
    Al-Kazemi added, "Salaries alone consume 62 trillion dinars, which are for four million employees, in addition to social care, rations, medicines, and other governing materials."  
      
    And he went on, "80 trillion will go to the investment part, which is a large sum added to it the remainder of the allocations of the emergency support for food security and development law amounting to 9 trillion dinars that were allocated for the development of the regions, because this amount has not been spent until now."  
      
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