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Shafaq News/ Mazhar Muhammad Salih, the financial and economic advisor to the Iraqi Prime Minister, revealed today, Sunday, the priority in the draft budget law for the year 2022.
Saleh told Shafaq News Agency, "The priority in the draft budget law for the year 2022 will be to pay the external and internal debts owed by Iraq, because failure to pay them is considered a failure and a not good international financial indicator."
And he indicated that "nine trillion dinars of debt services (installments and interests) will be paid from the 2022 budget, and the interest in paying foreign debts falls within the country's good credit rating."
Saleh added that "the draft budget law for the year 2022, so far, has not been completed and work is continuing to complete the project as soon as possible."
And Finance Minister Ali Allawi had announced on the sixth of last August that the 2022 budget, which the ministry began preparing a few days ago, will have a reformist dimension, as it is "different from previous budgets" and reflects "the reality of Iraq's obligations."
In statements to a group of journalists, the minister explained that the ministry will seek to submit this new budget to Parliament before the early parliamentary elections scheduled for October, adding that it will be a "reform budget, but it may be politically difficult."
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Al-Kazemi's advisor reveals to Shafaq News Agency: This is the priority of the 2022 budget
Shafaq News/ Mazhar Muhammad Salih, the financial and economic advisor to the Iraqi Prime Minister, revealed today, Sunday, the priority in the draft budget law for the year 2022.
Saleh told Shafaq News Agency, "The priority in the draft budget law for the year 2022 will be to pay the external and internal debts owed by Iraq, because failure to pay them is considered a failure and a not good international financial indicator."
And he indicated that "nine trillion dinars of debt services (installments and interests) will be paid from the 2022 budget, and the interest in paying foreign debts falls within the country's good credit rating."
Saleh added that "the draft budget law for the year 2022, so far, has not been completed and work is continuing to complete the project as soon as possible."
And Finance Minister Ali Allawi had announced on the sixth of last August that the 2022 budget, which the ministry began preparing a few days ago, will have a reformist dimension, as it is "different from previous budgets" and reflects "the reality of Iraq's obligations."
In statements to a group of journalists, the minister explained that the ministry will seek to submit this new budget to Parliament before the early parliamentary elections scheduled for October, adding that it will be a "reform budget, but it may be politically difficult."
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