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Finance Minister: Raising next year's budget to Parliament before early elections DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Finance Minister: Raising next year's budget to Parliament before early elections

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Finance Minister: Raising next year's budget to Parliament before early elections Empty Finance Minister: Raising next year's budget to Parliament before early elections

Post by RamblerNash Fri Aug 06, 2021 10:58 pm

Finance Minister: Raising next year's budget to Parliament before early elections 919908-0e7da0f6-cb6d-4c74-b3a9-9376718b0c62
Friday 06 August 2021 13:40
 
Baghdad / NINA / - Minister of Finance Ali Allawi confirmed: "The ministry seeks to submit the new budget to Parliament before the early parliamentary elections scheduled for next October."

He said in a press statement: "The ministry tried in the previous budget to do a similar thing, as it presented the budget in a way that shows officials the size of Iraq's real obligations without paying them in the corners of arrears, so the number was large and was not politically acceptable, so it was modified and the budget was issued in its current form."

Allawi added: "The price of a barrel in the new budget will be 50 dollars, which is an adjustable number."

He explained: "The financial situation of Iraq has improved during the current year due to the rise in the price of oil and the change in the exchange rate of the dinar."

The Minister of Finance indicated: “Iraq is negotiating with the International Monetary Fund on a loan of between 3 to 4 billion dollars,” noting: “This borrowing is of a monetary nature and gives credibility to the reforms that the Ministry wishes to implement, the end of which depends on our current situation and the 2022 budget. If we are able to present it to Parliament before the parliamentary elections.”/ End 3

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