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Economy News _ Baghdad
The Ministry of Planning revealed that the budget for the current year includes new items that address the impact of changing the exchange rates of the US dollar on the Iraqi citizen.
The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months."
He added, "The response was made by adding these items according to human and food security, as well as the economic impact, the general situation of climate change, global economic inflation, and the expected recession."
"If the new budget is approved in accordance with the items discussed, a large part of it will represent a response to providing food and covering the requirements of the social protection network, in addition to supporting the private sector in specific areas," Johan stressed.
He explained that "serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and other concerned authorities, regarding exchange rates and their impact on the market and therefore on citizens," noting that "the Ministry of Planning worked under the guidance of Prime Minister Muhammad Shiaa al-Sudani in this field."
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