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Found 2 results

  1. Parliamentary Finance: Al-Kazemi government is working to complete the 2022 budget before the elections 2021-05-18 05:11 Shafaq News / The Parliamentary Finance Committee announced today, Tuesday, that the Ministry of Finance has moved to prepare the draft general budget law for 2022, while noting that the government is working to complete the budget before the elections. Committee member Jamal Cougar told Shafaq News Agency, "There is a move by the Ministry of Finance to prepare the budget bill for 2022, for the purpose of that a sub-committee was formed from members of the House of Representatives for the purpose of discussing and following up the process of preparing the law." He added, "The government of Prime Minister Mustafa Al-Kazemi is in charge of preparing the budget law and sending it to the House of Representatives according to the Financial Management Law, provided that it begins preparing it in the current month of May and completes it at the beginning of next October, prior to the date of the parliamentary elections." Cougar said, "In the event that elections are held on time, the members of the next session of the House of Representatives are the ones working to read, discuss and vote on the budget law for 2022."
  2. Adviser to the Prime Minister: The 2022 budget will be distinguished by something important, and we do not rule out surprises Time: 08/29/2021 11:36:08 Reading: 1,612 times {Economic: Al Furat News} The Prime Minister's Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, revealed an "important matter" in the draft financial budget bill for 2022. Saleh told {Euphrates News}: "This budget will be characterized by greater revenues and less deficit if the spending ceilings remain less than the deficit, as the financial obligations will then be lower." He added, "It is the duties of the current government as long as there is plenty of time to prepare the budget, even if the new parliament wants to make observations or make changes to it." Saleh pointed out, "Circumstances are changing, and there may appear surprises, as it relied on an oil price of 50 dollars per barrel, according to what was announced by the Ministry of Finance." And Finance Minister Ali Allawi announced last Thursday the completion of the preparation of the draft financial budget law for 2022, and that it will be presented within 3 weeks to the Council of Ministers. And Allawi indicated in a press statement that "the price of a barrel of oil in the 2022 budget will be $50, or 65% of the total. The state budget goes to salaries, and OPEC may add 450,000 barrels to Iraq's oil production." And he indicated, "There are about 6.5 million citizens who receive financial dues from the state." He pointed out, "The state's oil resources are eroding due to the large obligations of salaries and retirement, and that the improvement in oil prices does not solve the financial distress quickly because of internal and external debts, and the state's resources in Iraq are used incorrectly."
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