After the ministry does not deny the parliamentary finance, the leaked party reveals the draft budget ("the exchange rate of the dollar on the local market rose in a frenzy and exceeded 1,300 dinars")
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
After the ministry does not deny the parliamentary finance, the leaked party reveals the draft budget ("the exchange rate of the dollar on the local market rose in a frenzy and exceeded 1,300 dinars")

Time: 12/17/2020 23:33:55
{Baghdad: Al Furat News} The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, warned of the repercussions of the approval of the draft federal budget law for 2021 on the national economy in the form of the leaked version by the media.
Al-Saffar said in a televised statement: "Sources in the Ministry of Finance leaked the budget, which was a deliberate act to feel the pulse of the street about it."
He stressed that "the draft budget is unofficial and what is happening now will lead to great inflation," noting that "inflation is borne by the employee and the owners of limited income and real estate owners {rents}."
He stressed, "It is necessary to reduce the volume of expenditures in the budget and not to pass according to the current draft," noting that "there are resources that can be invested more effectively, such as outlets and non-oil imports."
"It is not possible to accept double salaries and impose a tax on those with one salary," Al-Saffar said.
It is noteworthy that a copy of the draft fiscal budget for 2021, leaked this morning to the media and social networking sites, sparked widespread controversy and turmoil in the foreign currency market, as the exchange rate of the dollar on the local market rose in a frenzy and exceeded 1,300 dinars.
For its part, the Finance Ministry did not deny the wording of the leaked budget draft, which further fueled speculation about its authenticity.
In a statement, the Euphrates News, a copy of it, the ministry expressed its "resentment and deep regret at the unauthorized publication of the draft budget for 2021," indicating that "budget preparation is a complex technical process that includes many ministries, government institutions and international agencies concerned with the budget."
She explained that "launching it to the media prematurely is an irresponsible act to a large extent, and this may precede the possibility of ministers to comment impartially on the draft budget and amend it at a special budget session scheduled to be held next Saturday."
The Ministry of Finance called on everyone not to pay attention to the exciting statements related to the budget that may arise during the next two days, stressing that “discussing the budget in the Council of Ministers and then sending it to the House of Representatives is the correct approach and framework for discussion and deliberation regarding the budget, not the social media, which may be Be full of inaccurate news. "
Ammar Al-Masoudi
LINK
RamblerNash- GURU HUNTER
- Posts : 19627
Join date : 2015-02-19
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
» Zain Iraq announces its readiness to launch the most powerful fourth generation service across the country
» Credit rating .. Iraq is among the countries with the highest risk
» Parliament: The Government Won At Least 12 Trillion Dinars From Its Decision To Raise The Price Of The Dollar
» Parliamentary Finance: The budget will be ready next week
» Rafidain Bank announces the launch of loans of all kinds
» The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
» It’s All Coming To An End, [CB] Tries To Push Forward, But Fails
» MarkZ: "I am told probably the earliest we will have news on the RV front will be late tomorrow or Thursday" 1/19/21
» Frank26: "They finished with the tally" 1/19/21
» Walkingstick: "THE VALUE AND THE NOTE COUNT TO BE DISTRIBUTED" 1/19/21
» MilitiaMan: "They have to raise the value of their currency. And that is what they are talking about" 1/19/21
» Footforward Update 1/18/21
» Install electrical meters for economic establishments
» Al-Kazemi: We are working on preparing the infrastructure to revive the Iraqi industry
» A source in the Finance Committee: The 2021 budget will be ready for voting early next month
» International Monetary Fund: Great ambiguity surrounds the outlook for the global economy
» The decision to devalue the currency is on the table of experts
» Zaki Group merges with Pepsi Baghdad
» The Iraqi Prime Minister explains the reasons for postponing the elections
» What is money and why do we need it?
» The Investment Authority directs banks to receive installments at the old exchange rate
» In One Sentence - What Do You Wish Most for Your Future Self?
» STOP THE TUG-OF-WAR
» What’s Next? Great Awakening or Great Reset?
» FAKE INTEL Fleming says --Exchange Centers went through special training on Fri 15 Jan on the latest updates and protocols to get ready for Tier 4B exchanges this coming week.
» COFFEE WITH MARKZ - Video and Transcript -- Jan 18 2021
» MarkZ says They are anticipating a change in value shortly. Days to weeks
» MilitiaMan says -- ...the articles of late...suggests that the recent devaluation is and was a very big mistake and one they are going to fix...
» Ray Renfrow says -- He is RECEIVING REPORTS OF WEST COAST BANKS MAKING APPOINTMENTS FOR SATURDAY THROUGH TUESDAY...
» Bruce says -- Possible RV on Sunday – most likely Tuesday with exchanges either Tuesday or Wednesday...
» Pimpy says -- They're really starting to get their ducks in a row...we want them off this list.
» France announces its intention to establish strategic projects in Iraq
» The Ministry of Finance denies the existence of a deduction in the salaries of employees for the month of January 2021
» The Minister of Finance receives the Korean ambassador to Baghdad
» The Minister of Finance receives the Saudi ambassador to Baghdad
» THE ARAB MONETARY FUND ISSUES A STUDY ON "CAPITAL FLOWS IN ARAB ECONOMIES: THE RELATIONSHIP BETWEEN INVESTMENT AND SAVING"
» THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A DISTANCE COURSE ON "FISCAL POLICY ANALYSIS"
» Rafidain Bank raises the interest on savings accounts to 5 percent and fixed deposits to 7
» Made in Iraq, launches in Baghdad in the presence of Al-Kazemi