[size=38]Economist: The 2022 Budget May Approve $90 Billion[You must be registered and logged in to see this link.]01/10/2022 | 8:55 AM
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Information / Baghdad...
Economist Safwan Qusay said that the 2022 budget may be approved at an amount of 90 billion dollars, pointing out that public spending approaches 130 trillion dinars.
Qusay told Al-Maalouma, "The next government must adjust the dollar exchange rate at the level of items that were imported for the Ministry of Agriculture as well as industry, with a smart exchange rate that distinguishes between operational and investment spending, and it is possible to allocate a certain amount to support the federal ministries that It imports some goods, in order not to raise costs on the vulnerable classes.”
He added that "the oil price may be placed between (60-65) in the 2022 budget, and public spending may approach 130 trillion, but if the next government succeeds, it will put a window to support the Iraqi dinar, whether through Kuwait compensation, or the inclusion of employees with direct taxes from the total income. And not toxic, as it is possible that part of the savings that the government may be able to reduce will go to support the dinar.”
Qusay ruled out a return to the previous exchange rate, where it is possible that there will be a subsidized dinar for import, or there will be a total price set at 1,340 dinars against the dollar, if the new government manages to reduce public spending, and it is likely that the 2022 budget will be approved at an amount of 90 billion dollars. finished 25