The appearance of Muhammad Salih to / NINA /: Increasing the amount of Iraqi oil exported next year will end 65% of the financial deficit
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
The appearance of Muhammad Salih to / NINA /: Increasing the amount of Iraqi oil exported next year will end 65% of the financial deficit

Thursday 04 November 2021 09:50
Baghdad / NINA / - The government's financial advisor, Mazhar Muhammad Salih, confirmed: "Increasing the amount of Iraqi oil exported next year will end 65% of the financial deficit."
He said in a statement to the National Iraqi News Agency / NINA /: “The increase in the exported quantities of Iraqi crude oil in the year 2022, specifically after the end of the restrictions of the “OPEC +” agreement that restricted the quantitative quotas of member countries, will clearly reduce the financial deficit of the next budget, if a ceiling is adopted. Total spending in the 2022 general budget with the same ceiling established in the General Budget Law 2021 of 129 trillion dinars, with a possible increase of 5% in total spending with an adjustment to the price of a barrel of oil to be $60 per barrel instead of the previously announced $50.
Last August, the Ministry of Finance announced that it had begun preparing the next year's budget.
The value of the deficit in the 2021 budget, as approved by Parliament, amounted to 19.8 billion dollars, compared to 23.1 billion dollars in 2019, knowing that Iraq did not approve the 2020 budget due to political tension.
The total value of revenues in the 2021 budget amounted to about 69.9 billion dollars, calculated based on the export of crude oil on the basis of a price of 45 dollars per barrel, and an export rate of three million and 250 thousand barrels per day.
The value of the 2021 budget was about $89.7 billion, which is 30% lower than the last budget approved in 2019. / End 3
https://ninanews.com/Website/News/Details?key=937035
RamblerNash- GURU HUNTER
- Posts : 24114
Join date : 2015-02-19

» The appearance of Muhammad Salih to / Nina /: Developing non-oil revenues is important to end any future budget deficit
» The appearance of Muhammad Salih to / Nina /: The rise in oil and non-oil revenues is the basis for ending the deficit in the upcoming budgets
» Dr.. The appearance of Muhammad Salih *: A testimony of history on the issue of raising the value of the Iraqi dinar in the year 2006-2008, as revealed by Professor Muhammad Allawi in his last lecture in Washington **
» The appearance of Muhammad Salih to / NINA /: Iraq needs a ten-year plan and a realistic reform program in partnership with the private sector
» Dr.. Mazhar Muhammad Salih *: The Shanghai Cooperation Organization and the new international monetary system: a forward-looking vision
» The appearance of Muhammad Salih to / Nina /: The rise in oil and non-oil revenues is the basis for ending the deficit in the upcoming budgets
» Dr.. The appearance of Muhammad Salih *: A testimony of history on the issue of raising the value of the Iraqi dinar in the year 2006-2008, as revealed by Professor Muhammad Allawi in his last lecture in Washington **
» The appearance of Muhammad Salih to / NINA /: Iraq needs a ten-year plan and a realistic reform program in partnership with the private sector
» Dr.. Mazhar Muhammad Salih *: The Shanghai Cooperation Organization and the new international monetary system: a forward-looking vision
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Parliamentary Finance: Write a paragraph to cancel payroll deductions in the budget
» WHY IS ANYONE SPEAKING ABOUT THE MASTER'S TRUST WHEN IT IS A SCAM!?!?!?!
» CBI sold +1.3$ billion in forex last week
» Iraq paralysed by government stand-off as Moqtada al-Sadr unleashes protest
» Introducing myself...
» Nearly two years after launching the White Paper, what are the achievements?
» CHAT
» USD/IQD rate closes slightly lower in Baghdad
» CBI sells +240$ million in forex on Sunday
» Iraq without a budget for 2022
» Al-Nusairi: The Central Bank’s initiatives to revitalize the economy amounted to 18 trillion dinars and achieved their goals
» A new talk from Al-Kazemi's advisor regarding the budget
» The assets of the International Development Bank rise to 1.5 trillion dinars
» CBI sells +260$ million in forex on Sunday
» New member
» USD/IQD exchange rates inch up in Baghdad on Saturday
» The Central Bank: We supported the economic sector with 18 trillion dinars
» The Central Bank sets the goal of its call to establish a sovereign fund
» Al-Maliki's leaks: a political boom looms over the Iraqi arena
» The Central Bank of Kuwait allows applications to establish digital banks
» Including Iraq ... the price of bitcoin in Arab currencies
» Fitch announces the credit rating of Iraqi Islamic banks
» Adelaide, South Australia Redemption?
» Countdown to US implosion begins after failure of Biden Mid-East trip
» What distractions are in "The Dinar RV"...How many wild goose chases did you fall for?
» After slashing four zeros, Iran releases new banknotes
» Presidential elections: no PUK-KDP agreement yet
» Al-Maliki: PMF members are "a whole nation of Jihadists"
» MP warns of strife following al-Maliki's leaked recordings
» USD/IQD closes slightly higher in Baghdad
» Iraq proposes the establishment of the Middle East Bank for Development and Integration
» Al-Kazemi: World Bank indicators confirm that Iraq has passed the economic crisis in a very short time
» Some of them are negative.. 4 effects of the decline of the euro on the Iraqi economy
» The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance
» Our economy and stagflation in the global economy
» Experts: Turkey is preparing to cut 56 percent of the Tigris supply by building the Jazra Dam
» Al-Nusairi: Sustainable development in Iraq is achieved by strategic economic agreements with brotherly and friendly countries
» Euro reaches parity with dollar for the first time in 20 years
» Forex-US dollar notches in Baghdad