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

[yota691]

Government Spokesperson: We have started preparing the financial budget for 2022

•  Yesterday, 19:12
•  
•  Policy
•  
•  332

 

•  
•  

Baghdad - IQ  

Cabinet spokesman Hassan Nazim said on Friday (August 13, 2021) that the government has started preparing the financial budget for the next year 2022.

The official news agency quoted Nazim as saying, and IQ News followed him, that "important and basic countries will attend the Baghdad summit scheduled to be held at the end of this month, and the summit will come out with important decisions related to various fields, including the economy and climate."

He pointed out that "Prime Minister Mustafa Al-Kazemi had dialogue with the political blocs boycotting the elections in an attempt to restore their role."

Regarding the financial budget, Nazim said that "the file of government appeals in some provisions of the 2021 budget is still under consideration by the Federal Court, and the government has begun preparing the 2022 budget."

He added that "the change in the exchange rate of the dollar came in the interest of the Iraqi economy as a whole, and the government benefited from changing it, as well as the projects," noting that "the government cannot change salaries except by a law from Parliament."

And on the appointments, the spokesman for the Council of Ministers explained, "The state ministries have prepared the degrees of deletion and creation, which have been referred to the Federal Service Council."

[yota691]

What is the fate of the dollar exchange and the degrees of deletion and creation? A government official answers

 2021/08/13

 

 1138

 

Baghdad / Al-Mawrid News

Cabinet spokesman Hassan Nazim announced, on Friday, that "the file of government appeals in some items of the general budget for the year 2021 is still being considered by the Federal Court, and everyone is still waiting for the results," noting that "the Ministry of Finance has started the meetings for preparing the budget for the year 2022 and in coordination with The Ministry of Planning".

Nazim confirmed to the official news agency, "The government is trying not to fall into the problems of delaying the budget, as happened in the year 2021, so it has started from now on arranging the conditions for the 2022 budget and preparing it in a timely manner, and this matter is positive and important."

He continued, "The exchange rate is a project that has been on the table for many years before previous governments that did not dare to take it, and it is not new or heresy from this government, so previous governments did not dare to implement it because it would reflect on them negative opinions, media campaigns and otherwise," stressing that "these The government took the initiative and decided to change the exchange rate of the dollar in the interest of the Iraqi economy as a whole."

He noted that "there may be a negative situation or an increase in prices, but these are partial challenges, but with the overall vision of the reform paper (the white paper), the Iraqi economy will accept greater problems unless the dollar exchange rate changes, so the government benefited from the change in the exchange rate and the projects benefited from this change. Also, and that the Iraqi economy will recover little by little, and not only by changing the exchange rate, but for all the decisions and visions of the white paper in this government."

He added that "the issue of preparing a new salary scale for employees is one of the contentious issues that are still between the executive and legislative authorities, but it is a problem in the first place related to the legislative authority," noting that "the government cannot change salaries because changing them is a matter of law and the law does not change except by the Council of Ministers." Representatives."

He pointed out that "the current economic and health conditions have limited a lot of discussion on this issue," noting that "there are partial solutions launched by ministers for employees with low salaries and as permitted by law, including hazard and professional allowances and legal allowances, but as a total project related to changing this salary scale. It is a matter of the legislature.

And regarding the degrees of deletion and creation, he explained that “the state ministries prepared the degrees of deletion and creation resulting from the referral to retirement and deaths and started preparing them and sent to the Federal Service Council, which was entrusted with issues of appointments,” noting that “the degrees of deletion and creation remain in the ministries, but it is governed by the Budget Law for 2021. Which suspended appointments with the possibility of referring them to the budget for the next year with the possibility of disposing of them when necessary sometimes.”

[yota691]

3 main goals.

Finance Committee: The dollar exchange rate will not change before five years

08.15.2021 - 12:21

 

 

  

Baghdad - people  

On Sunday, the Parliament’s Finance Committee suggested that the exchange rate would remain at its current position for five years, while indicating that raising the exchange rate aims to achieve three main factors.  

  

 

  

Committee member Naji al-Saidi said in a statement to the official agency, followed by "Nass", (August 15, 2021), that "the exchange rate will remain in its position during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar in addition to strength." Purchasing the Iraqi dinar and the net goods and services produced during a certain period.  

He added that "the government is firm in achieving its goal by defining three main goals, the first is financial: which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from Neighboring countries, and this is the main goal that the government seeks by filling the budget deficit.”  

He pointed out that "the devaluation of the dinar has increased the competitiveness of the Iraqi price, describing that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall." Because it reduces Iraqi exports from abroad."  

And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.  

[yota691]

Parliamentary Finance: The current dollar price will remain for the next five years

 2021/08/15

 

 106

Baghdad / Al-Mawrid News

Identified the financial parliamentary, on Sunday, the survival rate of exchange on the status current, as indicated to the raising rate of exchange aims to achieve three factors Chairperson .                       

A member of the committee Naji al - Saidi, in a statement press that the  " rate of exchange will remain on the position during the period coming years five next to the description that the value of the dinar Iraqi real sets of through the exchange dollar towards the dinar , in addition to the power purchasing dinar Iraqi and produce of goods and services net through                                            a certain period ." 

He added that  " the government firmly in achieving its goal of by identifying three goals Chairperson  :  First Mali , which reduce the deficit in the budget , the general, and the target second is the goal of cash from through increased reserves and target third , increase the competitiveness produced currently within the country towards goods other exporters from countries neighboring                                          This is the goal of President who is seeking the government of by bridging the deficit in the budget . "            

He pointed to the  "  reduce the value of the dinar increased from the competitive price of the Iraqi on the description of the goods that come from abroad , especially Turkey , Iran , Syria , Saudi Arabia and Jordan benefit from the strength of the dinar Iraqi against the dollar because the currency of the dollar currency of global, and when it is raising the price of exchange the dollar will raise the competitiveness of goods goes down                                             , Because they are less exports of Iraqi from countries abroad . "        

It decided the bank 's central Iraq in the time of an earlier, adjusted rate exchange dollar against the dinar Iraqi, as it reached the price of buying the dollar from the Ministry of Finance  1450  dinars, while the price of selling it to the banks were identified by 1460  dinars per dollar, as is the price of selling the citizen to 1470  dinars per dollar .     

[yota691]

Once again, the dollar exchange rates enter a high-level meeting in preparation for the 2022 budget in Iraq

 

5,490 Policy 2021/08/14 21:38 Baghdad today -

Baghdad Today, Saturday, the Parliamentary Finance Committee revealed a joint plan between the committee, the Ministry of Finance and the private sector, which will be developed to address some points that would maximize revenues, strengthen the economy and solve its problems, noting the formation of joint committees to come up with important results, especially with regard to the dollar before approving a budget. Next year 2022. Committee member, MP Sadiq Al-Sultani, said, according to the official agency, that "after the approval of the 2021 budget law, observations were made in the private sector after the increase in the Iraqi dinar exchange rate against the dollar, as prices changed in the markets in addition to changes in the local economy in the private sector when comparing This change with tax deductions that included several paragraphs. Al-Sultani added, "A joint workshop was held between the Finance Committee and the Ministries of Finance and Planning to find out the problems that hinder the work of the economy, businessmen and the private sector and how to address these points in the next year's 2022 budget." He pointed out that "the workshop also discussed the reform paper developed by the Ministry of Finance, in addition to many discussions," stressing that "joint committees will be formed before approving the 2022 budget, between each sector, whether at the level of the private sector for energy or some agricultural and industrial sectors, to come up with results and data." A mission that marks in the next budget in order to advance the service and economic realities in the country." And he talked about the parliament’s amendments to the text of the current year’s budget, that “many paragraphs of the 2021 budget have been amended, in order to maximize tax revenues, and if we compare today to what was 8 months ago, we find that a qualitative leap has been achieved in the amounts of tax revenues.” He noted that "the private sector suffers from these taxes, and when the state and its institutions increase them in order to advance revenues for the public interest, there is an objection from the private sector because the matter may cause an increase in prices." He continued, "Therefore, a joint plan will be drawn up between the private sector, the Ministry of Finance and the Finance Committee in order to identify these points that may lead to a weak economy and weak taxes, and the results that lead to an increase in revenues will be addressed through these committees," noting that "the preparation of the budget It is subject to its completion before the elections by government institutions.”

[yota691]

The 2022 budget..a joint plan between 3 parties to maximize revenues and solve the problems of the economy

 

Baghdad/

Today, Saturday, the Parliamentary Finance Committee revealed a joint plan between the Committee, the Ministry of Finance and the private sector, which will be developed to address some points that would maximize revenues, strengthen the economy and solve its problems, while indicating the formation of joint committees to produce important results before approving the budget for next year 2022.
Committee member, MP Sadiq Al-Sultani, told the official agency, "After approving the 2021 budget law, observations were made in the private sector after the increase in the Iraqi dinar exchange rate against the dollar, as prices changed in the markets in addition to changes in the local economy in the private sector when comparing this Change with tax deductions that included several paragraphs.
Al-Sultani added, "A joint workshop was held between the Finance Committee and the Ministries of Finance and Planning to find out the problems that hinder the work of the economy, businessmen and the private sector and how to address these points in the next year's 2022 budget."
He pointed out that "the workshop also discussed the reform paper developed by the Ministry of Finance, in addition to many discussions," stressing that "joint committees will be formed before approving the 2022 budget, between each sector, whether at the level of the private sector for energy or some agricultural and industrial sectors, to come up with results and data." A mission that marks in the next budget in order to advance the service and economic realities in the country.”
Speaking about the parliament’s amendments to the text of the current year’s budget, he indicated that “many paragraphs of the 2021 budget have been amended, in order to maximize tax revenues, and if we compare today to what was 8 months ago, we find that a qualitative leap has been achieved in the amounts of tax revenues.”
He noted that "the private sector suffers from these taxes, and when the state and its institutions increase them in order to advance revenues for the public interest, there is an objection from the private sector because the matter could cause an increase in prices."
He continued: “Therefore, a joint plan will be developed between the private sector, the Ministry of Finance and the Finance Committee in order to identify these points that may lead to a weak economy and weak taxes, and the results that lead to an increase in revenues will be addressed through these committees,” noting that “the preparation of the budget It is subject to its completion before the elections by government institutions.”

[yota691]

Economie

PARLIAMENTARY FINANCE CONFIRMS THE DIFFICULTY OF PREPARING A BUDGET FOR THE NEXT YEAR

 

 

Sunday, August 15, 2021 9:11 PM

Baghdad / National News Center

Today, Sunday, the Parliament’s Finance Committee confirmed its diagnosis of what it called a weak point in the Kurdistan Region’s account for the value of its financial obligations under the 2021 budget, while at the same time stressing the difficulty of preparing a budget for the next year.

Committee member Mahasin Hamdoun said in a statement to the official agency, followed by the “National News Center”: “The Kurdistan region did not hand over oil imports and ports to the federal government, but rather adopted the system of residency in the payment of benefits, meaning that it calculates its share on the basis of the 2021 budget, and is paid according to the difference between The region’s budget and its entitlement, which is spent by the federal government.”

Hamdoun added, "There is a weak point that the Kurdistan region does not deliver its oil imports and the revenues of the ports, and it did not adhere to the agreement that was approved in the budget, but rather relied on the principle of values."

Regarding the 2022 budget, Hamdoun considered that “it is difficult to approve the budget for the remainder of the parliament’s life,” explaining that “the parliament’s sessions are suspended, and even if the text of the draft budget is sent in the ninth month, it is difficult for parliament to meet to approve it within one month because of the proximity of elections.”

Yesterday, Saturday, the Kurdistan Regional Government revealed the issuance of a decision by the federal government to send 200 billion dinars to the region, as part of its share under the 2021 budget.

The head of the Kurdistan Regional Government's representative in Baghdad, Faris Issa, told the Iraqi News Agency (INA), that "the federal government decided to send 200 billion dinars to the Kurdistan government this month, as a government letter was issued to the Federal Ministry of Finance for the purpose of disbursing the amount and transferring it to the region."

He added, "The Kurdistan Representation in Baghdad also received the book."

[yota691]

Parliamentary Finance: The Kurdistan Region has not handed over oil imports to the federal government

 

Erbil

money and business Economy News - Baghdad The Finance Committee of the House of Representatives announced that the Kurdistan Region has not handed over oil imports and outlets to the federal government. Committee member Mahasin Hamdoun said, "The Kurdistan Region has adopted the value system in paying the benefits, that is, it calculates its share on the basis of the 2021 budget, and is paid according to the difference between the region's budget and its entitlement, which is disbursed by the federal government," according to "Conscious". Regarding the 2022 budget, Hamdoun saw that "it is difficult to approve the budget for the remainder of the parliament's life," explaining that "the parliament's sessions are suspended, and even if the text of the draft budget is sent in the ninth month, it is difficult for parliament to meet for approval within one month because of the proximity of the elections." Yesterday, Saturday, the Kurdistan Regional Government revealed the issuance of a decision by the federal government to send 200 billion dinars to the region, as part of its share under the 2021 budget. The head of the Kurdistan Regional Government's representative in Baghdad, Faris Issa, said, "The federal government decided to send 200 billion dinars to the Kurdistan government this month, as a government letter was issued to the Federal Ministry of Finance for the purpose of disbursing the amount and transferring it to the region."

Views 424   Date added 16/08/2021

[yota691]

A parliamentary committee in Iraq describes the approval of the 2022 budget before the elections as "a fantasy"

Iraqi parliament

 August 17, 2021 8:04 PM

Mubasher: The Committee to Monitor the Governmental Program and Strategic Planning in Iraq called today, Tuesday, for the Ministry of Finance to overcome obstacles to the disbursement of the investment budget and the development of the regions, while stressing the difficulty of approving the 2022 budget before the elections, describing this as “a fantasy.”

 

Committee member Muhammad Shiaa Al-Sudani explained, in an exclusive statement to the Iraqi News Agency, "conscious", that the Ministry of Finance must overcome the obstacles that hinder the disbursement of the 2021 budget to ministries and governorates, especially with regard to the disbursement of the investment budget and the budget for regional development.

Al-Sudani indicated that the House of Representatives is witnessing an absence of its legislative and oversight role.

He stressed that approving the budget law for the year 2022 before the elections is a fantasy, pointing out that everyone knows that the budget law contains political and economic dimensions, and needs enough time to study and mature.

The Parliamentary Finance Committee had previously confirmed doubling the allocations for the development of regions and governorates in the 2021 budget.

[yota691]

Finance holds a meeting on preparing the budget strategy for the years 2022-2024

 

side of the meeting

money and business Economy News - Baghdad On Wednesday, Minister of Finance Ali Abdul-Amir Allawi chaired the meeting of the eighteenth session of the committee for preparing the strategy of the state's federal budget for the medium term 2022-2024. The ministry said in a statement received by "Al-Iqtisad News", that the meeting was attended by "the head of the general authority to monitor the allocations of the federal ministries, the undersecretary, the advisor to the prime minister, the ministry's advisor, and a number of general managers in the ministry and the relevant ministries." During the meeting, according to the statement, they discussed "the proposed amendments to the side of oil and non-oil revenues, and follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels." The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in adopting elements that support the revitalization of the economic reality, according to the statement.

Views 6   Date Added 08/18/2021

[yota691]

Finance issues a statement regarding the 2022 budget, oil revenues and the fiscal deficit

 

PM:02:09:18/08/2021

1776 views

 

 

 

The Ministry of Finance announced, on Wednesday, a meeting to prepare the budget strategy for the years 2022-2024.

The ministry said in a statement received by NRT Arabic today (August 18, 2021), that "the Minister of Finance held the meeting of the eighteenth session of the committee for preparing the state's federal general budget strategy for the medium term 2022-2024, in the presence of both the head of the General Authority to monitor the allocations of the federal ministries, the Undersecretary of the Ministry and the Chief Adviser Ministers, the Ministry's advisor, and a number of general managers in the ministry and relevant ministries.

The ministry added, "Where Allawi discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels."

He continued, "The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in the adoption of supporting elements to revitalize the economic reality."

[yota691]

Allawi: One of the priorities of the white paper is the reform of financial management systems

•  Time: 08/18/2021 14:10:20
•  
•  Reading: 611 times

  

{Economic: Al Furat News} Minister of Finance Ali Abdul Amir Allawi chaired, today, Wednesday, the meeting of the eighteenth session of the committee for preparing the strategy of the federal general budget for the state for the medium term 2022-2024.

A statement of the Ministry of Finance, which {Euphrates News} received a copy of, stated, "The meeting was attended by the head of the General Authority to monitor the allocations of the federal ministries, the Undersecretary of the Ministry, the Prime Minister's advisor, the Ministry's advisor, and a number of general managers in the ministry and the relevant ministries." 

The statement added: "Where Allawi discussed the proposed amendments to the side of oil and non-oil revenues, and the follow-up to the ministerial performance steps aimed at raising and maximizing the indicators of non-oil revenues against oil revenues in a way that works to reduce the deficit gap in future budget projects and stay at safe spending levels." 

He continued, "The session also discussed the economic report submitted by the economic department in the ministry on the principles of the budget strategy for the years 2022-2024, which includes reform visions represented in adopting supporting elements to revitalize the economic reality." 

Hazem 

[yota691]

 

Parliamentary Finance: The 2022 budget may be the first task for the next parliament

 

 2021-08-23 07:48

 

Shafaq News/ A member of the Parliamentary Finance Committee criticized on Monday, the delay of the Al-Kazemi government in sending a draft budget law for the year 2022.

Today, Monday, a member of the Finance Committee, Naji Al-Saidi, told Shafak News Agency; The 2022 budget has not yet been sent by the government to the House of Representatives, indicating that preparing the budget, working on it, and implementing the budget may be after the upcoming elections.

He pointed out that the time now does not absolutely allow for the preparation of the budget, and in the event of delay in approving the budget, there will be some negative results at the country level and the delay of some entitlements of contractors and investors.

It is likely that the next year's budget will be prepared from the work of the next government and parliament, as it is difficult for the law to be passed in this short period that precedes the parliamentary elections.

He pointed out that in the event of delays in the elections, it is possible for the current government and parliament to prepare and pass the budget law.

[ronscarpa]

 

15 minutes ago, yota691 said:

Parliamentary Finance: The 2022 budget may be the first task for the next parliament

It's likely that next year's budget will be prepared by the work of the next government and parliament, as it's difficult for the law to be passed in the short period preceding the parliamentary elections. In the event of election delays it's possible for the current parliament to prepare and pass the budget law.

 

Thanks yota691..!  RON

[yota691]

Finance Minister: We are keen to guarantee the rights of the dismissed politicians

Wednesday 25 August 2021 119

 

 Baghdad: morning

 

Yesterday, Tuesday, Finance Minister Ali Abdul-Amir Allawi affirmed his keenness to guarantee the rights of the dismissed politicians.

The General Secretariat of the Council of Ministers stated, in a statement, that "the Director of the Department of Political Dismissed Affairs in the General Secretariat of the Council of Ministers, Rasoul Abdel Ali, discussed with the Minister of Finance the rights of those covered by the Political Separation Law No. 24 of 2005, as amended, within the general federal budgets for the coming years." The Minister of Finance said: "The ministry is keen to abide by the provisions of the law, to guarantee the rights of the political dismissed during the Ministry of Finance's plan for the coming years, in addition to the distributors on the National Retirement Authority, and ministerial orders for appointment have not been issued to them." He stressed "the entitlement of those covered by the law to obtain all their rights and fairness, because they are an important segment, the majority of whom are families of martyrs, detainees and political prisoners."

For his part, Abd Ali affirmed, according to the statement, "the Department of Political Dismissed Affairs, was keen to complete all files related to the segment of the dismissed politicians and their families," noting that "the department enjoys direct sponsorship and support from the Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, and is working with an exceptional effort to accomplish The largest number of files.

[yota691]

Finance discusses next year's budget and confirms its commitment to reform

Economie| 04:48 - 25/08/2021

 

 

 

 

Baghdad - Mawazine News
, Minister of Finance Ali Abdul Amir Allawi chaired, on Wednesday, the meeting of the nineteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024.
The session was held in the presence of the head of the General Authority for Monitoring Federal Ministries’ allocations, the undersecretary, the prime minister’s advisors, the ministry’s advisors, and a number of general managers in the ministry and related ministries. for the next fiscal year.
The meeting also witnessed review of the proposed general budget model for the next fiscal year, which was submitted by the Prime Minister's Advisor for Economic Affairs.
In the same context, the session discussed the report submitted by the Ministry of Defense regarding the necessary recruitment costs and ways to discuss securing those allocations within the framework of the draft budget.
Allawi stated: The Iraqi government, through the Ministry of Finance, is committed to implementing its reform program, especially related to drawing up sound financial policy and preparing budget projects that are consistent with the magnitude of the current economic and financial challenges. And to achieve comprehensive development plans for the entire Iraqi economy. Ended 29 / h

[yota691]

Economie

ALLAWI ANNOUNCES THE COMPLETION OF THE PREPARATION OF THE 2022 BUDGET AND COMMENTS AGAIN ON THE EXCHANGE RATE CHANGE

 

 

Thursday, August 26, 2021 2:19 PM

Baghdad / National News Center

Today, Thursday, Finance Minister Ali Allawi announced the completion of the preparation of the 2022 budget, while indicating that it will be presented within 3 weeks in the Council of Ministers.

Allawi said in an interview with a number of media outlets, "The preparation of the 2022 budget has been completed."

He added, "The budget will be presented within 3 weeks in the Council of Ministers."
He pointed out that "Iraq's financial policy during a year and a half passed through five exceptional circumstances," noting that "we entered the beginning of the government's work without any financial safety valve."

He pointed out that "the Iraqi economy has changed since 2019 and the obligations of the previous government," noting that "the Corona crisis led to the collapse of oil prices and increased unemployment."

He continued, "We worked as a government policy to control the expenditures that were reflected in the state's revenues," noting that "the process of changing the exchange rate was not easy."

Allawi stressed, "Our fiscal and monetary policy is reformist and must continue," explaining, "We have started correct reform work, starting with banks and customs."

And he indicated that "our fiscal policy aims to balance oil and maximize other resources," noting that "our policy is stability in the exchange rate and we will defend it."

He stated that "there is coordination with the Central Bank and cooperation is necessary between the fiscal and monetary policies," noting that "Iraq came out safely from the difficult economic situation.

He explained that "our last visit to the World Bank did not ask for any loan," noting that "the Iraqi financial situation is better."

And on the obligations of the Kurdistan region, the Minister of Finance confirmed that "the Kurdistan region has not implemented its obligations regarding the payment of oil prices."

[yota691]

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."

[yota691]

 

Finance confirms suppor t for the pension fund for 2022

 

 2021-08-29 07:34

 

Shafaq News/ The Ministry of Finance confirmed on Sunday the support of the pension fund in the country's budget for the year 2022.

Today, Minister of Finance Ali Abdul-Amir Allawi chaired the meeting of the twentieth session of the Committee for the Preparation of the Federal General Budget Strategy for the medium term 2022-2024, in the presence of the Prime Minister’s advisors, the undersecretaries of the Ministries of Finance and Planning, the advisor to the Ministry of Finance, the head of the General Authority for Monitoring Federal Ministries’ Allocations, the President of the Public Pension Agency, and a number of Relevant General Managers.

A statement issued by the ministry stated that the meeting discussed a number of basic topics, including setting spending ceilings by the Ministry of Finance within the framework of the 2022 budget, in addition to discussing the issue of public debt, determining loan ceilings, including ongoing loans, and following up on them.

The meeting also witnessed the completion of the study of the mechanism for applying the proposed budget model and discussing ways to prepare and implement the federal budget for the next year according to the determinants of the current economic reality and in line with the reform orientation adopted by the Iraqi government aimed at preparing a qualitative budget that depends in essence on performance and productivity programs to be followed, according to the statement.

In another context, during the session, the allocations of the General Pension Agency were discussed within the next year's budget and the emphasis on supporting the pension fund to ensure the provision of the best pension services to a wide segment of Iraqi society.

Allawi stressed the importance of initiating the preparation and implementation of the draft budget in accordance with the prepared strategic plans that support the reform paths that are in the interest of the national economy and giving priority to strategic projects implemented through development loans.

[screwball]

On 8/14/2021 at 2:24 PM, yota691 said:

the change in the exchange rate of the dollar came in the interest of the Iraqi economy as a whole, and the government benefited from changing it, as well as the projects," noting that "the government cannot change salaries except by a law from Parliament."

Hmmmm

[6ly410]

Finance discusses setting spending ceilings within the 2022 Maronites

Economie

2021-08-29 | 08:24

1,146 views

Today, Sunday, the Ministry of Finance discussed setting spending ceilings within the framework of the Maronites for the year 2022, in addition to discussing the issue of public debt and determining loan ceilings.

The ministry said in a statement, received by Alsumaria News, that Minister Ali Abdul-Amir Allawi "chaired today the meeting of the twentieth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, and in the presence of the Prime Minister's advisors and the undersecretaries of the ministries of finance and planning, and a consultant Ministry of Finance And the head of the General Authority to monitor the allocations of the federal ministries and the head of the General Authority Retirement and a number of related general managers.

 

 

 

The meeting discussed, according to the statement, "a number of basic topics, including setting spending ceilings before Ministry of Finance Within the framework of the Maronites of the year 2022, in addition to discussing the issue of public debt and determining loan ceilings, including ongoing loans, and following up.”

The meeting also witnessed “the completion of the study of the mechanism for applying the proposed budget model and discussing ways to prepare and implement the federal budget for the next year according to the determinants of the current economic reality and in line with the reform trend Which is adopted by the Iraqi government, which aims to prepare a qualitative budget that depends in essence on performance and productive programs to be followed.

In another context, during the session, "discussions of assignments were held General AuthorityTo retire within the next year’s budget and to emphasize the support of the Pension Fund to ensure the provision of the best pension services to a wide segment of Iraqi society.”

Allawi stressed, “the importance of initiating the preparation and implementation of the draft budget in accordance with the prepared strategic plans that support the reform paths that are in the interest of the national economy and give priority to projects.” The strategy implemented through development loans.

https://www.alsumaria.tv/news/اقتصاد/394945/المالية-تناقش-تحديد-سقوف-الإنفاق-ضمن-موارنة-العام

 

[screwball]

On 8/14/2021 at 2:52 PM, yota691 said:

the Iraqi economy will accept greater problems unless the dollar exchange rate changes, so the government benefited from the change in the exchange rate and the projects benefited from this change. Also, and that the Iraqi economy will recover little by little, and not only by changing the exchange rate, but for all the decisions and visions of the white paper in this government."

Boom! 

[screwball]

10 hours ago, yota691 said:

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.

Change in rate?

[ametad]

Positive news coming through.

[markb57]

surprise! going to 1500.....lol...

 

who knows. Iraq pulling the same economics as Vietnam....