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Adviser to the Prime Minister reveals the amount of borrowing in the 2022 budget: There is no return to complete closure
- Time: 12/01/2021 08:32:26
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{Economic: Al Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that there is a clause for borrowing in the draft financial budget law for the year 2022.
Saleh said in a press statement: "The possibility of borrowing has existed in all of Iraq's budgets since 2004 and until today as a precautionary part with a hypothetical deficit, due to the previous and current financial management law, which requires the financial authorities not to go to an increase in oil prices."
He added, "Borrowing is placed in the budget as necessary, as was the case in the 2021 budget, which contained 29 trillion, but practically there were no borrowing operations, adding that if there is a financial deficit, then the allowance is allowed for the future." He pointed out that the borrowing in the budget is internal and external, but the government resorts to the internal for its ease and low risk.
The dashing adviser to Prime Minister for Economic Affairs concerns about the new variable spread of the virus Corona {Omicron} and its impact on the economy in general, pointing out that the new pandemic would reduce oil prices, but there will be no full closures, as happened before the global economy, because the world adopted the pre-shutdown , and got great losses.
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that there is a clause for borrowing in the draft financial budget law for the year 2022.
Saleh said in a press statement: "The possibility of borrowing has existed in all of Iraq's budgets since 2004 and until today as a precautionary part with a hypothetical deficit, due to the previous and current financial management law, which requires the financial authorities not to go to an increase in oil prices."
He added, "Borrowing is placed in the budget as necessary, as was the case in the 2021 budget, which contained 29 trillion, but practically there were no borrowing operations, adding that if there is a financial deficit, then the allowance is allowed for the future." He pointed out that the borrowing in the budget is internal and external, but the government resorts to the internal for its ease and low risk.
The dashing adviser to Prime Minister for Economic Affairs concerns about the new variable spread of the virus Corona {Omicron} and its impact on the economy in general, pointing out that the new pandemic would reduce oil prices, but there will be no full closures, as happened before the global economy, because the world adopted the pre-shutdown , and got great losses.
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