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.]
» Most of the provisions of the 2023 budget have not been fully implemented
» The Council of National Security Agents recommends the formation of the Supreme Council of Antiquiti
» Parliamentary calls to hold an extraordinary session to discuss the blatant American aggression
» Parliamentary warning against a political deal to restore Al-Halbousi to his position
» Parliamentary Integrity: We are determined to activate the laws in force to combat corruption
» Culture shows “Information” the latest procedures for launching the journalists’ grant
» "Currency Auction"... The Iraqi Central Bank transfers more than 185 million dollars to enhance exte
» Al-Sudani agrees to hold the 47th session of the Baghdad International Fair next month
» The Bank of Baghdad doubles the annual return rate to 6.5% in the first nine months of the current y
» The Iraqi Stock Exchange closed down by 4.02%
» During 2023... $1.5 billion in expected revenues for the tourism market in Iraq
» A parliamentary committee finishes the ministries’ evaluation report.. When will it be sent to the g
» Iraq's trade surplus has declined by 69% since the beginning of this year
» Al-Maliki's coalition confirms that it will go with the Sunni consensus to choose the Speaker of Par
» Some of them have entered into implementation.. 90% of the project to drill 20 oil wells in Dhi Qar
» Al-Halbousi's deputies are starting to abandon progress and move towards determination
» More than 34 thousand Iraqis are victims of landmines
» Al-Fatah calls on the government and parliament to adopt a firm stance towards the American bombing
» The framework reveals the seriousness of the American attacks in Jurf al-Nasr and Kirkuk
» Parliamentary integrity investigates the files of transferring army lands to the Al-Halbousi party i
» Iraq boosts its euro coffers to cover imports from Türkiye
» Economist: Switching to electronic cards will allow the Central Bank to track the movement of the di
» Parliamentarian: The US Ambassador’s “impudent” statements are evidence of the weakness of the Iraqi
» Former MP: The US ambassador’s tweet violates the blood and sovereignty of Iraqis
» America confirms an Iraqi missile attack on a base in Syria, and its ambassador in Baghdad comments
» Al-Sudani directs commitment to ensuring “free” choices for members of the security services through
» Al-Rasheed Bank temporarily suspends the promotion of advances and loans
» It has its market in mind... Cambodia is preparing to invade Iraq with rice exports
» Transportation: Additional flights for the Green Bird
» The dollar stops its “downward journey” after intense selling operations
» Iraq will host a regional conference on environment and climate during the first quarter of next yea
» Connecting Iraq to the Gulf electricity network will provide 500 megawatts at a cost of $228 million
» The first is Iraq.. Saudi Arabia advises its citizens not to travel to 3 countries
» Under the patronage of the Prime Minister, the conference on reforming the tax system in Iraq will s
» Al-Rasheed Bank notes regarding advances and loans and warns against exploitation
» Al-Mandalawi agrees with the Minister of Interior to form a committee to address the problems of the
» Iraq is hostage to expectations and guesses. The absence of a population census increases the extent
» Bitcoin exceeds $40,000 for the first time in 19 months
» Ministry of Education: Completion of the restoration and rehabilitation of (24) new school buildings
» Retirement announces the payment of end-of-service benefits
» The Ministers of Interior and Foreign Affairs inaugurated a joint operations room and the diplomatic
» Amman Chamber of Industry: Iraq is the third largest importer of Jordanian industry
» Referring 220 fake pharmacies to justice
» Launching the first experimental mooring operation in Al-Faw Grand Port
» New cities open horizons of hope to overcome the housing crisis
» Parliamentary Planning completes the evaluation report of the ministries
» Al-Mandalawi calls for an emergency session of Arab parliaments regarding Palestine
» Iraq offers 90 investment opportunities in petrochemicals and mining
» New cities open horizons of hope to overcome the housing crisis
» Granting licenses to communication companies
» Agriculture obliges the concerned authorities to prevent the bulldozing of agricultural lands
» 170 suspended laws in the corridors of Parliament
» Iraq and Canada discuss cooperation in the energy and productive sectors
» The problem of banks
» Growth in per capita income leads Basra markets towards recovery
» Former officer: Washington will lose its battle in Iraq through "attrition" and the equation will ch
» Al-Sudani directs not to interfere in the electoral choices of members of the security and military
» “Ettedad” challenges the illegality of the extraordinary sessions to amend the Election Commission L
» Arab lists in Kirkuk plan to unite after December 18: We will form the majority
» Iran.. Iraq participates in the second meeting of the Joint Judicial Committee to Combat Terrorism
» The framework talks about a Sudanese-led truce between “the factions and the Americans”: He can put
» The Iraqi Rabia region is a focal point for the factions to attack American forces in the region, Ar
» Al-Sudani directs finance to allocate a budget for the Kurdistan Parliament elections
» The President of the Republic: Iraq's decision is independent
» Washington is targeting the second side of the factions square... and there are fears of a repeat of
» Al-Sudani directs military and security leaders to commit to ensuring free choices for members in sp
» Al-Sudani announces the launch of the major volunteer campaign with the participation of 150 volunte
» The President of the Republic to the Minister of Interior: Stability is an important element in achi
» The Central Bank raises tens of millions of euros as an initial payment to cover imports from Türkiy
» Al-Sudani directs not to interfere in the choices of the security and military services during the s
» Government comment on remediation of contaminated sites and management of radioactive waste
» With tens of millions of euros...the Central Bank begins covering retailers' imports from Türkiye
» Decrease in revenues from Iraqi oil exports to Europe.. How much were they in November?
» America reveals details of targeting one of its bases: 15 missiles launched from Iraq (photos)
» Dollar exchange rates against the Iraqi dinar
» Happy Birthday jbowhunter
» utube 12/03/23 Militia Man & Crew World Wide - Iraq Dinar - Private Sector - Industrial -Internat
» For three categories: 75% of the grant amounts have been completed by the Culture Ministry and are a
» Despite the crisis, the Kurdistan government spends millions of dinars as rewards for members of the
» After strict measures... the Interior Ministry monitors a decline in the phenomenon of “foreign work
» Government recommendations regarding procedures for tracking the entry of imported goods into local
» Al-Maliki: The imbalance in the salary scale must be addressed and studied again
» The railways announces the preparation of preliminary designs for a development road of about 600 km
» The President of the Republic: There is no dollar crisis in Iraq
» Work: Directed to include all workers, contracts, and wage earners in the Social Security Law
» Zain Cash relaunches the “Western Union” service
» The head of the Integrity Commission calls for increased international support for training investig
» Environment: Launching the Green Bank is considered an advanced step towards a sustainable green eco
» OPEC Secretary General: Saying that oil should remain underground leads to chaos
» A parliamentarian responds to an Iranian official: Iraq does not need an external force to defend it
» Border crossings: The government took decisions to control revenues and transfers
» The Iraqi Stock Exchange closed down by 4.76%
» The Agricultural Bank announces the activation of the MasterCard deposit service
» The Minister of Transport reveals his discussions with the region’s delegation regarding the path to
» The Prime Minister's Office determines the mechanism for regulating the work of generators
» Al-Sudani confirms the government’s keenness to improve the living conditions of citizens in the Kur
» Finance clarifies the choice of Ernst & Young to review its data
» The Sudanese and the Azerbaijani ambassador discuss holding the third session of the joint bilateral