[size=30]Finance issues a statement regarding the 2022 budget, oil revenues and the fiscal deficit[/size][You must be registered and logged in to see this image.]
The Ministry of Finance announced, on Wednesday, a meeting to prepare the budget strategy for the years 2022-2024.
The ministry said in a statement received by NRT Arabic today (August 18, 2021), that "the Minister of Finance held the meeting of the eighteenth session of the committee for preparing the state's federal general budget strategy for the medium term 2022-2024, in the presence of both the head of the General Authority to monitor the allocations of the federal ministries, the Undersecretary of the Ministry and the Chief Adviser Ministers, the Ministry's advisor, and a number of general managers in the ministry and relevant ministries.
The ministry added, "Where Allawi discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels."
He continued, "The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in the adoption of supporting elements to revitalize the economic reality."
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