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[size=36]An economist comments on a proposal to prepare a medium-term budget[/size]
Economie| 12:28 - 07/11/2022
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Special- Mawazine News
, the economist, Nabil Al Marsoumi, commented today, Monday, on the proposal to prepare a medium-term budget law over a period of three years.
Al-Marsoumi told "Mawazine News", "This proposal violates the features of the modern budget, because the general budget rules are prepared annually, meaning that it is prepared for one year and not more, in addition to the accuracy of its estimates," stressing that "Iraq's budget depends on an external variable represented by the price of oil".
He added, "More than 90% of the budget revenue depends on oil prices, so expecting the oil price for three years is unrealistic, as it is almost impossible and leads to an imbalance in public revenues."
And the independent deputy, Raed Hamdan Al-Maliki, announced, on Sunday, a proposal to prepare a medium-term budget for a period of three years. Ended 29/N33
, the economist, Nabil Al Marsoumi, commented today, Monday, on the proposal to prepare a medium-term budget law over a period of three years.
Al-Marsoumi told "Mawazine News", "This proposal violates the features of the modern budget, because the general budget rules are prepared annually, meaning that it is prepared for one year and not more, in addition to the accuracy of its estimates," stressing that "Iraq's budget depends on an external variable represented by the price of oil".
He added, "More than 90% of the budget revenue depends on oil prices, so expecting the oil price for three years is unrealistic, as it is almost impossible and leads to an imbalance in public revenues."
And the independent deputy, Raed Hamdan Al-Maliki, announced, on Sunday, a proposal to prepare a medium-term budget for a period of three years. Ended 29/N33
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