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A deputy reveals a set of options regarding the 2022 budget, including the price of the dollar


yota691
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The Minister of Finance discusses the most important requirements of the items to be included in the 2022 budget
  
{Economic: Al Furat News} The Minister of Finance, Ali Abdul Amir Allawi, chaired the twenty-first session of the committee for preparing the budget strategy for the years 2022-2024.
 

And the government media cell statement said, in a statement that {Al-Furat News} received a copy of it, that: "Allawi discussed the most important requirements for the items to be included in the 2022 budget, submitted by the Undersecretary of the Ministry, and estimated their costs in light of applicable laws and legislation."
Allawi stressed, "The necessity of stabilizing spending ceilings at safe levels to ensure optimal implementation of the budget's paragraphs and items in a smooth and high degree of accuracy, in addition to mobilizing financial resources and directing them towards achieving comprehensive economic development."
The cell added that: "The meeting witnessed the completion of the research and follow-up of the proposed federal budget model for the coming year, and the study of mechanisms for its application in accordance with the requirements of the current economic reality, and in line with the adoptions of the financial reform process related to aspects of spending and public financial management, as well as a discussion of the file of determining and programming spending ceilings by the Ministry of Finance. finance and discuss its scope.
The meeting was attended by the head of the General Authority for Monitoring the Allocation of Federal Imports, the Undersecretary of the Ministry of Finance, the Prime Minister's advisors, the ministry's advisors, and the general directors of the ministry and related ministries. 

Wafaa Al-Fatlawi

 

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 money and business


Economy News _ Baghdad

The Parliamentary Finance Committee confirmed, on Monday, that the period for passing the 2022 budget needs half of next year.

Committee Rapporteur Ahmed Al-Saffar said in an interview with the Iraqi News Agency and followed by "Economy News", that "the government has not yet submitted the draft federal budget law for the year 2022 to the House of Representatives, as the House does not have any information about the expected deficit within the budget," noting that "Any bill presented during the current period will be worthless, as Parliament does not have enough time to pass it in light of the approaching holding of early elections."

He added, "The government will turn into a daily caretaker government during the elections," noting that "passing the budget needs time up to the middle of next year."

He pointed out that "the financial dealings for the next year will be according to the 12/1 system of the 2021 budget law."

 
 
Views 579   Date Added 08/30/2021
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The government: There is no change in the dollar exchange in the 2022 budget, and there is no retreat from it
  
{Economic: Al Furat News} The government confirmed that the dollar exchange rate will be fixed in the draft financial budget law for 2022 and there will be no change in it.

The spokesman said the cabinet spokesman, Hassan Nazim in a press statement: "Increasing the price of the dollar idea on the table for discussion years ago did not dare a previous government to take this step for the surroundings of the risks and debates, and the Government Kazmi was bold to take this decision being hurt the interests of the Iraqi economy, And in the reform economic vision of the Ministry of Finance, as this idea was presented within the reforms of the white paper, and it won widespread acceptance and discussion.”
He added, "The government has always taken steps to support goods and materials whose prices have risen, and has developed solutions and taken decisions regarding them, but the idea of the dollar exchange rate is not retracted in this government and I do not think that this year's budget will be set in this year 2022."
He pointed Nazim that " the government in a period of periods were not reassuring their ability to pay the employees ' salaries, but it 's policy crossed this crisis came an increase in oil prices as a catalyst, and even increased oil prices , there will be big problems unless there are prudent management of the next financial resources of raw export.
He pointed out that "there is a kind of rise in foreign reserves, and there is no abundance as a result of the accumulated deficit, and therefore, any financial increase in the government will try through which the plug, and we Anthdt for surplus funds exist Nrkinha here and there, but we are trying within the reform white paper, control on the economy and make it dynamic and developed.

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Minister of Finance: Complete the proposed budget model for the coming year and study the mechanisms for its implementation

Economie04:23 - 05/09/2021

 
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Baghdad - Mawazine News
Finance Minister Ali Allawi announced, on Sunday, that he has completed following up on the proposed federal budget model for the coming year and studying the mechanisms for its implementation.
And the ministry stated in a statement received by Mawazine News, a copy of it, that "Allawi chaired the twenty-second session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the President of the General Authority for Monitoring Federal Revenue Allocations, the Undersecretaries of the Ministry of Finance and Planning, the Prime Minister's advisors and the Ministry's advisors. And the general managers of the Ministry of Finance and the relevant ministries, during which they discussed the most important requirements of the items to be included in the 2022 budget submitted by the Undersecretary of the Ministry, and their costs were estimated in light of the laws and legislation in force.
And she added: "The meeting completed the follow-up to the proposed federal budget model for the next year and the study of the mechanisms for its application in accordance with the current economic challenges and in line with the adoptions of the financial reform process related to the modernization and development of aspects of spending and public financial management, as it included the proposed budget model for the governorates (Basra, Wasit, Maysan, Karbala), as well as The meeting continued to define and program spending ceilings by the Ministry of Finance and discuss their extent, stressing the need to stabilize spending ceilings at safe levels to ensure optimal implementation of the budget’s paragraphs and items in a smooth and high accuracy, in addition to mobilizing financial resources and directing them towards achieving comprehensive economic development.

 
 
 
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Iraqi Government Spokesman/Minister of Culture Hassan Nazim. "Internet"
  

 money and business


Economy News - Baghdad

The official spokesman for the Prime Minister, Hassan Nazim, confirmed that the exchange rate of the dollar against the Iraqi dinar in the draft law on the general federal budget for the country for the year 2022 is fixed and there is no change in it.

Nazim said, in a statement reported by the official "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "increasing the dollar exchange rate is an idea that has been discussed for years, and a previous government did not dare to take this step because of the risks and controversies surrounding it."

He added, "Al-Kazemi's government was bold in taking this decision, as it was in the interest of the Iraqi economy, and in the reform economic vision of the Ministry of Finance, as it presented this idea within the reforms of the white paper and won acceptance and extensive discussion."

And he indicated that "the government always takes steps to support goods and materials whose prices have risen, and has developed solutions and taken decisions regarding them, but the idea of the dollar exchange rate is not retracted in this government, and I do not think that the 2022 budget will change this price, since this government is the one who will set the budget for next year." ".

He continued, "The government at one time was not reassured of its ability to pay the salaries of employees, but with its policy it crossed this crisis and the increase in oil prices came as a catalyst, and even if oil prices increase, there will be big problems unless there is a wise management of the financial resources coming from exporting." raw.”

And he indicated that "there is a kind of rise in the foreign reserve, and there is no abundance as a result of the accumulated deficit, and therefore any financial increase through which the government will try to fill the deficit with it, and we are not talking about existing surplus funds that we park here and there, but rather we are trying, within the reform white paper, to control the economy and make it dynamically developed.

 
 
Views 167   Date Added 09/06/2021
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SULAIMANI — Spokesperson for Iraq's federal government Hassan Nazim said on Monday (September 6) that the price of US dollar against Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget Law and does not change.

Nazim told state-owned al-Sabah newspaper that the devaluation of Iraqi dinar is an idea that has been discussed for years.

He said that the former government did not dare to take this step because of the risks and controversies around it, adding that Prime Minister Mustafa al-Kadhimi’s cabinet was bold in taking this decision as it was in the interest of the country’s economy.

$100 was at 147,550 Iraqi dinars as of Monday afternoon.

Iraq devalued the dinar significantly as a part of the 2021 Federal Budget Law to 1,450 Iraqi dinars per US dollar. It was designed to preserve Iraq’s dollar reserves and allow the government to spend more Iraqi dinars.

On March 24, Director at Iraq’s Central Bank Mahmud Dagher said that the price will be fixed at the current price for the next four years.

(NRT Digital Media)

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30 minutes ago, Inbedded HorseHead said:

Fixed for the next 4 years?   Time to invest in something that actually gains value, time to dump the dinar.   Held this for 15 years, time to get out.

What you be asking per million?  

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So the CBI director Mahmud Dagher had said on March 24,which I had missed this. that the price will be fixed at the current price for the next four years. Always told you only listen to what the CBI says & does in Iraq, You never listen to what others says included these so called Guru's which are full of you know what, who think they know what's gping on in Iraq. I haven't listened to anything the Guru's say except in beginning over 11 years in this terrible investment. I certainly won't be around another 4 years waiting on a pipedream.

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c7268b6920570ba84582d73e1afbe112.jpg?res

Yes Iraq: Baghdad

A member of the Parliamentary Economy and Investment Committee, Nada Shaker Jawdat, revealed today, Tuesday, the existence of a parliamentary movement aimed at changing the exchange rate of the dollar against the Iraqi dinar in the draft budget law for the year 2022.

Jawdat said, "The Iraqi government, until this moment, refuses to restore the exchange rate of the dollar against the Iraqi dinar, as it was before, especially after the disappearance of all justifications for raising this price, which greatly affected the lives of citizens from raising the prices of foodstuffs and others, and these justifications are over." With the rise in oil prices and the availability of financial abundance to fill the remaining budget deficit.”

She added, "The Iraqi government's insistence on its refusal to return the exchange rate of the dollar against the Iraqi dinar, as it was previously, prompted a new parliamentary movement, which will be effective during the coming days, for the purpose of which the exchange rate in the 2022 budget is different from the current budget."

She stressed, "This matter is supported by the majority of deputies, and the new parliament will certainly have a position on this important economic file."

The Ministry of Planning had resolved the issue of the 2022 budget, stressing that it cannot be passed and does not reach the Council of Ministers before the elections, which means that its fate will be in the hands of the parliament and the government after the elections.

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11 hours ago, yota691 said:
c7268b6920570ba84582d73e1afbe112.jpg?res

Yes Iraq: Baghdad

A member of the Parliamentary Economy and Investment Committee, Nada Shaker Jawdat, revealed today, Tuesday, the existence of a parliamentary movement aimed at changing the exchange rate of the dollar against the Iraqi dinar in the draft budget law for the year 2022.

Jawdat said, "The Iraqi government, until this moment, refuses to restore the exchange rate of the dollar against the Iraqi dinar, as it was before, especially after the disappearance of all justifications for raising this price, which greatly affected the lives of citizens from raising the prices of foodstuffs and others, and these justifications are over." With the rise in oil prices and the availability of financial abundance to fill the remaining budget deficit.”

She added, "The Iraqi government's insistence on its refusal to return the exchange rate of the dollar against the Iraqi dinar, as it was previously, prompted a new parliamentary movement, which will be effective during the coming days, for the purpose of which the exchange rate in the 2022 budget is different from the current budget."

She stressed, "This matter is supported by the majority of deputies, and the new parliament will certainly have a position on this important economic file."

The Ministry of Planning had resolved the issue of the 2022 budget, stressing that it cannot be passed and does not reach the Council of Ministers before the elections, which means that its fate will be in the hands of the parliament and the government after the elections.

Yeah baby 

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On 9/6/2021 at 7:40 PM, edbeach said:

So the CBI director Mahmud Dagher had said on March 24,which I had missed this. that the price will be fixed at the current price for the next four years. Always told you only listen to what the CBI says & does in Iraq, You never listen to what others says included these so called Guru's which are full of you know what, who think they know what's gping on in Iraq. I haven't listened to anything the Guru's say except in beginning over 11 years in this terrible investment. I certainly won't be around another 4 years waiting on a pipedream.

EEEXXCCEEEPPPTTT Dagher has no power.  Central Bank of Iraq - Wikipedia  Since 15/9/2020: Mustafa Ghaleb

Ghaleb is the only one that matters what he says.  The governor of it.

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5 minutes ago, PrehistoricMan said:

EEEXXCCEEEPPPTTT Dagher has no power.  Central Bank of Iraq - Wikipedia  Since 15/9/2020: Mustafa Ghaleb

Ghaleb is the only one that matters what he says.  The governor of it.

Mahmud Dagher cbi director - Google Search  In fact if you google his name and scroll down.  It says he is the FORMER director of the CBI.

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Parliamentary Finance excludes approving the 2022 budget after the elections and comments on income tax
  
{Economic: Al Furat News} The Parliamentary Finance Committee ruled out, on Wednesday, approving the general federal budget for 2022 after holding early elections on October 10.
 

Committee member Sherwan Mirza told Al Furat News that: "We do not have enough information if the 2021 budget provisions are implemented, as the government has so far been unable to implement all budget provisions."
Mirza expected: "Delaying the approval of the 2022 budget after the elections due to the formation of the government and its consequences."
He pointed out that: "If we enter next year and there is no law for the 2022 budget, it will be based on spending 1/12."
And Mirza ruled out: "The parliament's approval of imposing income tax on all salaries and allowances, as the Finance Minister expected that."
It is noteworthy that the Adviser to the Prime Minister for Financial and Economic Affairs, Mazhar Muhammad Salih, revealed via {Euphrates News} that this 2022 budget will be characterized by greater revenues and less deficit if the spending ceilings remain less than the deficit, as then the financial obligations will be lower.
While the government confirmed, through the spokesman of the Council of Ministers, Hassan Nazim, that the dollar exchange rate will be fixed in the draft financial budget law for 2022 and there will be no change in it.

From: Raghad Daham / Tah: Wafaa Al-Fatlawy

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