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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

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    An Iraqi official: Oil and borrowing are the points of difference in the 2022 budgetموازنة

    Rocky
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    An Iraqi official: Oil and borrowing are the points of difference in the 2022 budgetموازنة Empty An Iraqi official: Oil and borrowing are the points of difference in the 2022 budgetموازنة

    Post by Rocky Fri 04 Jun 2021, 7:39 am

    An Iraqi official: Oil and borrowing are the points of difference in the 2022 budgetموازنة
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    Adviser to the Iraqi Prime Minister explains the difference of the 2022 budget from the current one
     June 03, 2021 10:13 PM
    Iraq - Mubasher: Mazhar Muhammad Salih, the financial advisor to the Prime Minister in Iraq, expected that the federal general budget for 2022 will be different from the current year's budget by two paragraphs.
    Mazhar Muhammad Salih told the Iraqi News Agency "INA" today, Thursday, that the draft federal general budget for 2022 will differ in spending ceilings slightly from the current year's 2021 budget in two paragraphs.
    He explained that the first difference is related to the nature of oil revenues, as the price of a barrel of oil and the exported quantities must be adjusted in light of the positive indicators in the energy market, the entry of the global economy into a phase (post-Corona pandemic), and the high overall growth rates in the global economy.
    He continued: "As for the second paragraph, it is that the draft general budget for the next year will reduce the borrowing space at the lowest point, while the area of ​​investment projects and their allocations will expand significantly and according to development priorities, which will lead to better growth and overall employment in the national economy."
    He hinted: "Despite the foregoing, the issue of submitting the draft federal budget to take its legislative path will remain a primary concern and according to its constitutional timings, subject to the speedy formation of Parliament after the October elections, as the draft budget law prepared by the government is the first law that should be approved." in the newly elected Parliament.
    And he warned against entering the year 2022 without legislating the general budget law, which will make the public finance resort to the application of the effective financial management law, by disbursing 12/1 of the actual ongoing expenditures in the 2021 budget without new investment projects.
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