Economy News - Baghdad
The Ministry of Finance announced that the draft budget law for the year 2022 includes securing 51 trillion dinars to finance ongoing and new projects, confirming the adoption of the price of a barrel of oil at $90 a barrel in the budget.
The Undersecretary of the Ministry of Finance, Taif Sami, said in an interview during the spring conference organized by the Iraqi-British Business Council in London, and followed by "Economy News", that "the draft budget law for the year 2022 includes securing 51 trillion dinars to finance ongoing and new projects, covered from the public treasury as a result of The rise in oil prices, including 10 trillion dinars through foreign loans.
She added, "The price of a barrel of oil will be approved in the budget at $90," stressing that "the white paper included reforming government banks through general structuring and governance, applying the comprehensive system and amending the internal system, and the project has now reached the State Council."
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