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[size=33]Economist: Reducing the dollar will not create a large deficit with an explosive budget[/size]
Baghdad...
The economist, Dr. Mustafa Ikram Hantoush, confirmed that the decision to reduce the value of the dollar will not create a large deficit compared to an explosive budget that is being prepared, pointing out that there are huge revenues and a large financial surplus from last year that will be used .
Hantoush told Al-Maalouma, "The 2023 budget represents the biggest challenge to implementing the decision to reduce the dollar exchange rate, as the reduction will create a deficit gap of 10 trillion dinars."
He added, "The amount of the deficit is not large on an explosive budget, and a financial surplus from the year 2022 is not less than 30 trillion dinars in the state treasury, in addition to the central bank's reserves amounting to more than 105 billion." dollars, and it is possible to resort to it in the event that the state needs to cover the deficit in the event that occurs.”
And he indicated that "there are large revenues that Iraq will receive during the current year, in addition to the existing surplus from last year, which will be relied upon to secure the 2023 budget." ended 25 n
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- Today 09:25
Baghdad...
The economist, Dr. Mustafa Ikram Hantoush, confirmed that the decision to reduce the value of the dollar will not create a large deficit compared to an explosive budget that is being prepared, pointing out that there are huge revenues and a large financial surplus from last year that will be used .
Hantoush told Al-Maalouma, "The 2023 budget represents the biggest challenge to implementing the decision to reduce the dollar exchange rate, as the reduction will create a deficit gap of 10 trillion dinars."
He added, "The amount of the deficit is not large on an explosive budget, and a financial surplus from the year 2022 is not less than 30 trillion dinars in the state treasury, in addition to the central bank's reserves amounting to more than 105 billion." dollars, and it is possible to resort to it in the event that the state needs to cover the deficit in the event that occurs.”
And he indicated that "there are large revenues that Iraq will receive during the current year, in addition to the existing surplus from last year, which will be relied upon to secure the 2023 budget." ended 25 n
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