Home
The dollar crisis and oil prices are delaying the 2023 budget
Iraq 2023/02/04
[You must be registered and logged in to see this image.]
: Shaima Rashid
The Finance Committee in the House of Representatives attributed the delay in transmitting the federal budget from the government to Parliament to two reasons, the first of which is the fluctuation of the exchange rate and international oil prices, ruling out the possibility of a crisis in the salaries of state employees, given the good situation of financial liquidity experienced by the public treasury.
Committee member Jamal Cougar denied the existence of a crisis in securing salaries because “the government follows procedures and will release salaries on time, while the Central Bank printed more than two trillion dinars during the last period, which led to an increase in the printed matter by 83 trillion, and we do not know whether it was put into the market or not.” ".
Cougar added, "The prime minister put forward an exchange rate of around 135,000 per hundred dollars, which is one of the points that attract merchants and citizens to buy dollars from the Central Bank," noting that "the steps required of the Sudanese in this regard are to go to the application of the electronic platform and open direct, easy, simple, and close communication channels." With traders and investors and encourage imports. He continued, "The government should focus on collection, customs, and taxes, fight smuggling and try to stop it completely, and also expedite sending the budget."
He pointed out that "no government in the world can grant salaries in dollars, or in a currency other than its national currency, but the government can ask citizens to transfer their money in dollars at the official rate through it."
Regarding the delay in sending the budget, Cougar explained that "the budget was delayed due to the fluctuation of the exchange rate and the price of a barrel of oil. It was estimated in the budget at about $75, and when prices fell, it was estimated at about $60 and so on, and today it is around $82 a barrel."
He added, "The other reasons are the inclusion of new numbers of employees, which led to an increase in the operational budget, political differences between the parties, and the conflict over the share of the ministries are all reasons for the delay in the budget," noting that "the possibility that there will not be a budget this year is very likely."
Edited by: Ali Abdel-Khalek
[You must be registered and logged in to see this link.]
» utube 9/12/24 MM&C Iraqi Dinar-#iraqdinar-#xrp-Baghdad-Kurdistan-Historical Meetings-Global Attent
» MM&C 9/12/24 Economic renaissance and unprecedented progress.. Iraq maximizes its non-oil revenues a
» Rafidain explains the benefits of electronic payment
» International Coalition.. Withdrawal by Government-Political Agreement
» Russia: $19 billion is the size of our investments in the energy sector in Iraq
» When will the government resort to amending the budget law? An economic expert explains
» After the decline in oil, a government advisor: We have the capabilities to confront the problems of
» Salaries are “sacred” but the price will be high… Is Iraq ready?
» The “Access to Information” Act classifies documents as secret and undermines access to them.
» Movement leader talks about US military movements inside Iraq
» Legal expert clarifies charges related to audio recordings of officials
» Coinciding with Pezeshkian's visit... indicators of Iranian exports to Iraq
» Al-Hakim calls on Parliament to vote on the Programmers Syndicate Law
» Nineveh Council: The province is free of tribal "debts" and 80% of disputes end without problems
» US Embassy in Baghdad Holds Iran-Backed Groups Responsible for Tuesday's Attack
» Central Bank denies forged letter regarding dollar sale
» After Al-Sudani’s statement... What is the importance of moving towards “privatizing” government com
» Confirmed the existence of 3 partnerships with Baghdad in energy.. Turkey: We have great potential f
» The Iraqi Integrity Commission and the Jordanian Anti-Corruption Commission discuss the mechanisms f
» A new front in the conflict with parliament.. organizations and journalists confront a law related t
» Political stalemate deepens crises.. Delaying the selection of the Speaker of the House of Represent
» Iraq receives 13 offers from Egyptian companies to implement road and bridge projects
» Shatt al-Arab pollution crisis: an existential threat to food sources and ecosystems
» With Pezeshkian's visit, Tehran aims to increase trade exchange to 50 billion with Baghdad
» Minister of Health approves the distribution of trainee doctors, graduates of 2020-2021
» Interrogation is almost suspended in the Iraqi parliament.. What are the reasons for the absence of
» Iraq 'concerned' about climate change threats to historical monuments
» International ruling against the Central Bank obliges Iraq to pay $11 million
» Alsumaria headlines: Central Bank fine and judicial investigations into integrity leaks
» Of a different kind.. A new espionage campaign in Iraq
» The second in two decades.. Iraq is "empty" of Americans again and Baghdad "will request their retur
» Details of a lengthy meeting in Iraq revealed, from which Pezeshkian left "frustrated"
» US dismay at Pezeshkian’s choice of Iraq as his “first stop”…and domestic political support for with
» Amendments to laws concerning state employees
» What does Iranian President Masoud Pezeshkian's visit to Kurdistan mean?
» In numbers.. Indicators of the development of Iranian exports to Iraq
» Washington identifies group accused of bombing diplomatic facility near Baghdad airport
» utube 9/10/24 MM&C IQD Update-Iraq Dinar-#iraqidinar-#xrpIraq Reconciling-Unif
» Parliamentary request to host Al-Sudani amid threats to the Federal Court
» Al-Sudani stresses the importance of partnership with the private sector to meet market needs
» Iraq, Saudi Arabia discuss joint legal files
» Al-Maliki: Combined efforts of political forces prevents the collapse of Iraq
» Parliamentary bloc disputes: Vital laws await and divisions grow
» Türkiye: Exporting Iraqi oil via Ceyhan is an alternative and an opportunity to diversify transporta
» Economist rules out any move to amend salary scale
» Al-Surji: 3 reasons behind the weakness of the Iraqi position towards the Turkish incursion
» Minister of Planning: There are no political obstacles preventing the population census
» Al-Sudani sponsors the signing of 3 contracts for industrial projects
» 19 MoUs Signed on First Day of Belt and Road Summit
» Issuance of more than 191 thousand national cards for those covered by social protection
» Housing Fund: We will issue 16,000 transactions of bonds by this date
» Parliamentary Services calls for investing in open lands and turning them into parks: Citizens need
» Iranian Minister of Roads: We will hold consultations with Iraq regarding strategic railway link
» Pezeshkian discusses with Iranian traders obstacles to developing trade with Iraq
» Banking Association Advisor: International Payments and Banking Technologies Conference a Platform t
» Parliamentary Committee Rejects “Free” Oil Export via Aqaba Port
» Unprecedented renaissance.. Iraq's economy recovers and its debts fall to "lowest levels"
» Government confirmation regarding the population census: It will be conducted on time and without ob
» The President of the Republic confirms Iraq's keenness to enhance economic cooperation with its brot
» Transferring youth from social care to education and municipalities
» Exceptional relationship
» Iranian President to {Media Network}: We are determined to strengthen our relations with Iraq
» 14 new memoranda of understanding between Baghdad and Tehran
» Today.. Al-Sudani opens the 25th edition of the Baghdad International Book Fair
» Iraq and Iran towards a strategic partnership
» Strategic Planning for {Sabah}: Census will revitalize services
» The Protection Authority issues more than {1100} smart cards
» Establishment of the Arab Academy for Agricultural Training
» Construction of two residential cities in Muthanna
» Education announces its programming plan for educational television
» Transportation: Efforts to re-raise the Iraqi flag on our ships
» Great preparations to celebrate the birth of the Prophet
» "The killer of the poor".. Why do the poor of Iraq resort to committing suicide with "rat poison"? -
» Three-pronged strategy reduces smuggling in Diyala by 80% in 16 months - Urgent
» Resources discusses winter agricultural plan
» Suspended since 2015.. Accusations against the regional government of procrastinating the issue of e
» With the document.. 4 parliamentary questions directed to the Governor of Baghdad regarding the dela
» Erbil enters Baghdad through Tehran.. Pezeshkian is the region’s lifeline with “power of influence”
» Iranian press "neglects" Pezeshkian's visit.. What is the connection with the reference Sistani?
» The President of the Supreme Judicial Council receives the Saudi Ambassador
» Chairman of the Integrity Commission thanks the Iraqi judiciary for opening an investigation into th
» Economist: The interests of producers and consumers are achieved through a fair price for oil
» Parliamentary Investment Committee gives “advice” on new memoranda signed with Iran
» Parliament supports Kirkuk government and we are ready to be a link for the return of boycotters
» Al-Sudani snatches the "stay" card from the angry "framework"... and the dispute between them intens
» Iraq launches drone industry
» Iraqi Parliament Faces Political Paralysis: Partisan Disagreements Disrupt Legislation and Weaken Ov
» Turkish violations of Iraqi territory exceed 25 thousand cases after 2003
» Federal Minister of Justice meets with the Head of the Kurdistan Regional Government Representation
» Iraq exports 108 million barrels of oil during last August
» Al-Mandlawi to Bazeshkian: Memoranda of Understanding between Iraq and Iran contribute to advancing
» Rafidain Bank identifies three advantages of electronic payment systems
» Iraqi judiciary issues new ruling against Zaid al-Talaqani
» Al-Yekti: Türkiye has 50 military barracks in Iraq and aspires to occupy Mosul and Kirkuk
» Oil volatility widens fears of financial crisis, Sudani advisor ‘worried’ about 2025
» Civil Service Council: Completion of the second phase of hiring certificate holders and top students
» Trade participates in UNESCO Digital Education Week
» Iranian President arrives in Erbil on second day of his visit to Iraq