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[size=38]Economist: The Crisis Of The Three Presidencies Will Affect Employment And Investment In Iraq
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LAST UPDATE 02/03/2022 | 6:41 PM
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On Thursday, economic analyst Younis Al-Kaabi suggested the adoption of the new financial budget after the middle of this year due to the delay in the formation of the three presidencies.
Al-Kaabi told the "Information" agency, "The delay in forming the three presidencies, especially the prime minister and the presidency, will greatly affect the formation and approval of the budget," ruling out that "the budget is approved before the middle of this year."
He added that "the delay in approving the budget will affect many economic episodes in the country, such as the employment sector, investment and investment projects that are awaiting approval in the federal budget."
He explained that "the fluctuating oil prices will change some paragraphs and items in the new budget due to the rise in global crude oil prices, because it almost touched $100 per barrel of oil."
And the Ministry of Oil announced, earlier today, that Iraq’s oil production will rise to more than 4 million barrels per day in the month of next March,” indicating that “the total financial revenues derived from oil exports witnessed an increase to (75,650) billion dollars, a marked increase from Last year's budget forecast. Done/25 SR
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