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Al-Kazemi’s advisor reveals a disturbing surprise in the 2022 budget
- Time: 09/09/2021 19:42:05
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{Economic: Al-Furat News} Advisor to the Prime Minister's Adviser for Financial and Economic Affairs, Mazhar Muhammad Salih, revealed, on Thursday, a disturbing surprise regarding the spending process in the federal budget for the fiscal year 2022.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
He explained, Saleh {for Al Furat News} that: "The next budget will have great spending pressures. If all pressures are implemented, its ceiling should increase, and this is not commensurate with Iraq's economic situation."
He added: "The budget in some adaptations accommodates some jobs and changes, and it has some reasonable flexibility within the limits of the spending ceiling, such as accommodating some important degrees."
Saleh pointed out that: "Iraq's resources are limited compared to many commitments."
He continued, "The price of a barrel of oil is 50 dollars, and if the spending ceiling remains as it is, 129 trillion, with the strengthening of non-oil revenues, the deficit will drop by half."
Saleh concluded: "In our estimates, the 2022 budget may raise its ceilings by a small amount of up to 10%, and reduce the deficit to 50%."
While the government confirmed, through the spokesman of the Council of Ministers, Hassan Nazim, that the dollar exchange rate will be fixed in the draft financial budget law for 2022 and there will be no change in it.
From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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{Economic: Al-Furat News} Advisor to the Prime Minister's Adviser for Financial and Economic Affairs, Mazhar Muhammad Salih, revealed, on Thursday, a disturbing surprise regarding the spending process in the federal budget for the fiscal year 2022.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
He explained, Saleh {for Al Furat News} that: "The next budget will have great spending pressures. If all pressures are implemented, its ceiling should increase, and this is not commensurate with Iraq's economic situation."
He added: "The budget in some adaptations accommodates some jobs and changes, and it has some reasonable flexibility within the limits of the spending ceiling, such as accommodating some important degrees."
Saleh pointed out that: "Iraq's resources are limited compared to many commitments."
He continued, "The price of a barrel of oil is 50 dollars, and if the spending ceiling remains as it is, 129 trillion, with the strengthening of non-oil revenues, the deficit will drop by half."
Saleh concluded: "In our estimates, the 2022 budget may raise its ceilings by a small amount of up to 10%, and reduce the deficit to 50%."
While the government confirmed, through the spokesman of the Council of Ministers, Hassan Nazim, that the dollar exchange rate will be fixed in the draft financial budget law for 2022 and there will be no change in it.
From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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