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New details regarding the 2025 budget tables.. Check them out
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Economy News - Baghdad
[rtl]The government confirmed that the 2025 budget will remain within the range of 200 trillion dinars, despite the parliamentary finance committee’s demands to reduce it to match the expected financial revenues for next year.[/rtl]
[rtl]In this context, the Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, explained that "the 2025 budget will remain linked to the constants approved in the Federal General Budget Law for the three years (2023-2024-2025), which was previously submitted by the government and approved by the House of Representatives."[/rtl]
[rtl]Saleh stated that "next year's budget will include a hypothetical deficit of 64 trillion dinars," indicating that "this deficit is a precautionary deficit that has been approved by law to deal with revenue fluctuations, especially oil revenues, which are affected by changes in global energy prices and the oil asset cycle." [/rtl]
[rtl]He added that "the total spending ceiling will approach 200 trillion dinars, according to the country's financial and economic conditions."[/rtl]
[rtl]He pointed out that "the price of a barrel of oil in the three-year budget, which includes the 2025 budget, was set at $70. If the price of oil exceeds this level, this will lead to a reduction in the expected hypothetical deficit in the budget."[/rtl]
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Added 10/29/2024 - 12:59 PM
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Economy News - Baghdad
[rtl]The government confirmed that the 2025 budget will remain within the range of 200 trillion dinars, despite the parliamentary finance committee’s demands to reduce it to match the expected financial revenues for next year.[/rtl]
[rtl]In this context, the Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, explained that "the 2025 budget will remain linked to the constants approved in the Federal General Budget Law for the three years (2023-2024-2025), which was previously submitted by the government and approved by the House of Representatives."[/rtl]
[rtl]Saleh stated that "next year's budget will include a hypothetical deficit of 64 trillion dinars," indicating that "this deficit is a precautionary deficit that has been approved by law to deal with revenue fluctuations, especially oil revenues, which are affected by changes in global energy prices and the oil asset cycle." [/rtl]
[rtl]He added that "the total spending ceiling will approach 200 trillion dinars, according to the country's financial and economic conditions."[/rtl]
[rtl]He pointed out that "the price of a barrel of oil in the three-year budget, which includes the 2025 budget, was set at $70. If the price of oil exceeds this level, this will lead to a reduction in the expected hypothetical deficit in the budget."[/rtl]
Views 19
Added 10/29/2024 - 12:59 PM
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