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Clarification on submitting a law proposal that includes a financial aspect and expectations that the reserve will reach $100 billion
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Baghdad – The technical adviser to Prime Minister Haitham al-Jubourion Monday explained the mechanism of submitting a bill with a financial aspect, while pointing out that the rise in currency reserves to more than $85 billion has not been seen by the Iraqi state previously.
Al-Jubouri said in a statement to Al-Iraqiya News Agency followed by the Iraqi News Agency (INA), that "there is a decision from the Federal Court that prevents the government from submitting any draft law that has a financial aspect," indicating that it is possible for the House of Representatives through one of its committees or 10 deputies and more to submit a bill and take the government's opinion on it because it will have financial consequences.He added that "the government cannot submit bills according to the decision of the Federal Court," noting that "we do not want to increase the number of laws that relate to financial consequences or additional allocations, and we are waiting for there to be a government to approve a new budget."
On the rise in currency reserves, al-Jubouri said that "the rise in reserves to more than $85 billion is an important indicator of the Iraqi economy and growth," noting that "this rise has not been seen by the Iraqi state previously. ""We expect the reserve to reach 100 billion if oil prices remain high for the end of the year," he said, explaining that "this figure will [You must be registered and logged in to see this link.] the stability of the Iraqi currency."
Al-Jubouri said in a statement to Al-Iraqiya News Agency followed by the Iraqi News Agency (INA), that "there is a decision from the Federal Court that prevents the government from submitting any draft law that has a financial aspect," indicating that it is possible for the House of Representatives through one of its committees or 10 deputies and more to submit a bill and take the government's opinion on it because it will have financial consequences.He added that "the government cannot submit bills according to the decision of the Federal Court," noting that "we do not want to increase the number of laws that relate to financial consequences or additional allocations, and we are waiting for there to be a government to approve a new budget."
On the rise in currency reserves, al-Jubouri said that "the rise in reserves to more than $85 billion is an important indicator of the Iraqi economy and growth," noting that "this rise has not been seen by the Iraqi state previously. ""We expect the reserve to reach 100 billion if oil prices remain high for the end of the year," he said, explaining that "this figure will [You must be registered and logged in to see this link.] the stability of the Iraqi currency."
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