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Shafaq News / The Minister of Finance, Taif Sami, revealed, on Friday, new details related to the draft federal budget law for the year 2023, while indicating that it included a fixed price for the exchange of the dollar, in addition to the file of installing lecturers and contracts in all state institutions.
Sami said, in an interview with the official agency, followed by Shafaq News Agency, that "the general budget will focus primarily on the health sector, supporting hospitals, reducing operations abroad, supporting vulnerable classes, social care, and people with disabilities, and raising the loan capital ceiling for projects." small in the Ministry of Labor.
She added, "The price of a barrel of oil, which has been set so far in the general budget, amounted to 65 dollars, and it may reach 70 dollars, and it has not yet set the total amount of the budget, while the dollar exchange rate has been fixed at 1450."
And the Minister of Finance indicated that "the draft general budget law may include a study to impose some taxes on the oil derivatives sector, if approved by the House of Representatives, which would enhance revenues."
And Sami pointed out, "Monetary policy is the responsibility of the Central Bank of Iraq, but there is an act of solidarity, and an example of this is the central bank's directives to banks affiliated with the Ministry of Finance to sell the dollar at the official price for travel purposes," noting that "there is a committee formed on the file of the high exchange rate that will be presented." The Council of Ministers to vote on new matters.
And the minister refuted the current talk about the American side’s intention to impose restrictions and penalties on the banking sector and others, adding: “There is a platform and a joint system between the Federal Bank and the Central Bank that was supposed to work on it since 2018, but it was implemented for auditing purposes now, so it caused Temporary rise in the exchange rate and it will return to its normal stability.
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