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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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