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

[yota691]

 

The Iraqi Finance Minister confirms setting ceilings for oil and non-oil revenues

 

 2021-08-08 08:02

 

Shafaq News/ The Minister of Finance, Ali Abdul Amir Allawi, chaired today, Sunday, the sixteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024.

The meeting 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 advisor, and a number of the ministry's general managers.

A statement issued by the Ministry of Finance stated that during the session, a comprehensive report was presented on the strategic plans for the governorates of (Babylon, Anbar, Dhi Qar and Wasit) and their future vision in the context of achieving economic development, activating the investment aspect in them, supporting efforts to advance the service and infrastructure reality and providing opportunities Work and reduce poverty levels in those governorates.

The meeting also discussed determining the ceilings of oil and non-oil revenues and discussing them according to the report submitted by the head of the General Authority to monitor the allocations of the federal ministries. 

Allawi stressed the importance of adopting systematic mechanisms and steps in accordance with scientific frameworks, including according to the economic reform paper (white paper).

[BETTYBOOP]

Did they ever actually open and utilise the 2021 budget? 

[yota691]

Finance discusses strategic plans for four governorates

Economie

2021-08-08 | 07:59

 

 

 

2,150 views

 

 

Today, Sunday, the Ministry of Finance discussed the strategic plans for the governorates of Babil, Anbar, Dhi Qar and Wasit, and their future vision in the context of achieving economic development.

The ministry said in a statement, received by Alsumaria News, that "Finance Minister Ali Abdul-Amir Allawi chaired today, Sunday, the sixteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, and in the presence of the head of the General Authority for Monitoring the allocations of the federal ministries, the Undersecretary and advisors to the President Ministers, the Ministry's advisor, and a number of the Ministry's general directors.

 

During the session, a comprehensive report was presented on the strategic plans for the governorates of (Babylon , Anbar , Dhi Qar And Wasit) And the vision of the future in the framework of achieving economic development and revitalization along with investments which support the advancement of the reality service and infrastructure and create jobs and reduce poverty levels in those provinces. " The

meeting also discussed" ceilings oil revenues and non - oil and discussed according to the report submitted by the President of the Authority to monitor the allocations of the federal ministries.
Allawi stressed, according to the statement, "the importance of adopting mechanisms and systematic steps in accordance with scientific frameworks, including according to what was stated in the economic reform paper (white paper)."

[yota691]

12 hours ago, BETTYBOOP said:

Did they ever actually open and utilise the 2021 budget? 

Not really, they have released some farmers due...

[yota691]

Finance continues its meeting to prepare the three-year budget strategy

 

Part of the meeting of the Ministry of Finance in the presence of Minister Ali Allawi

money and business Economy News - Baghdad Today, Sunday, Minister of Finance Ali Abdul-Amir Allawi chaired the sixteenth session of the Committee for the Preparation of the Federal General Budget Strategy for the medium term 2022-2024 . The meeting 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 advisor, and a number of the ministry's general managers . A statement issued by the Ministry of Finance stated that during the session, a comprehensive report was presented on the strategic plans for the governorates of (Babylon, Anbar, Dhi Qar and Wasit) and their future vision in the context of achieving economic development, activating the investment aspect in them, supporting efforts to advance the service and infrastructure reality and providing opportunities Work and reduce poverty levels in those governorates . The meeting also discussed determining the ceilings of oil and non-oil revenues and discussing them according to the report submitted by the head of the General Authority to monitor the allocations of the federal ministries . Allawi stressed the importance of adopting systematic mechanisms and steps in accordance with scientific frameworks, including according to the economic reform paper (white paper).

Views 61   Date Added 08/08/2021

[yota691]

The Minister of Finance stresses the importance of adopting systematic mechanisms and steps in accordance with the white paper

Economie| 03:22 - 08/08/2021

 

 

 

 

Baghdad - Mawazine News
, Minister of Finance Ali Abdul Amir Allawi stressed, on Sunday, the importance of adopting mechanisms and systematic steps, according to what was stated in the white paper.
And the Ministry's media office stated in a statement, "The Minister of Finance, Abdul Amir Allawi, chaired the sixteenth session of the committee for preparing the budget strategy for the years 2022-2024, and 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 advisor, and a number of the ministry's general directors." .
He added, "During the session, a comprehensive report was presented on the strategic plans for the governorates: (Babylon, Anbar, Dhi Qar, and Wasit) and their future vision in the context of achieving economic development, activating the investment aspect in them, and supporting efforts to advance the service and infrastructure reality, provide job opportunities and reduce levels of employment." poverty in those provinces.
He continued, "The meeting discussed defining and discussing ceilings for oil and non-oil revenues, according to the report submitted by the head of the General Authority for Monitoring the allocations of the federal ministries."
Allawi stressed, according to the statement, "the importance of adopting systematic mechanisms and steps in accordance with scientific frameworks, including according to what was stated in the economic reform paper (white paper). Ended 29 / h

 

 

 

 

[yota691]

Parliamentary Finance: Forming a committee of two ministries and representatives to draw up the 2022 budget

political| 11:48 - 10/08/2021

 

 

 

 

Baghdad - Mawazine News
The Parliamentary Finance Committee revealed, on Tuesday, the formation of a committee by the ministries of finance and planning, in conjunction with the committee's deputies, to draw up the budget for the year 2022, after the Minister of Finance announced that it would pass for the remainder of the current parliamentary session.
A member of the Parliamentary Finance Committee, Jamal Cougar, said, in a radio interview that was followed by / Mawazine News, that "the Minister of Finance's talk about passing the next year's budget during the current parliamentary session is explained in two cases. Decision 10/10, and the second for the minister’s statement, that the elections may be postponed again and the budget will be sent at any time without a specific time limit.
Cougar added that "the budget, according to the Financial Management Law, passes through 6 stages according to specific time ceilings, starting from the sixth month. The concerned authorities of the federal government discuss it and on the 15th of October, it should be voted on and sent to Parliament for passage, and consequently, the Presidency of the Republic approves it and publishes it in the Gazette of facts." Ended 29/A 4

[yota691]

Economie

AL-KAZEMI’S ADVISOR SETS THE EXPECTED NEW OIL SELLING PRICE WITHIN THE 2022 DRAFT BUDGET

 

 

Monday, August 9, 2021 5:55 PM

Baghdad / National News Center

Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set the expected new oil sales price within the draft federal budget law for 2022, while setting the condition for reducing the likely deficit in the new budget.
Saleh said in a statement to the official agency, followed by the "National News Center", that "the price of a barrel of exported oil in the estimates of the general budget for 2022 will be higher than the price approved in the current year's budget, which is $45," noting that "the increase in the new price will be From 15 to 20% from the current price.”
He added, "The price increase will depend on the price developments of crude oil in the global market at the beginning of next fall," noting that "in all cases, the amount of 52 dollars may be adopted as the price of a barrel of exported oil as a minimum, and the upper limit is 55 dollars, taking into account the increase In the quantities of production in light of the “OPEC Plus” agreement to gradually increase the quotas of member states, including Iraq, by two million barrels for all over the coming months.
He pointed out that "the expected deficit in the budget may decrease to 50% during the 2022 budget, provided that non-oil revenues increase and spending factors remain constant."

[yota691]

Parliamentary Finance sets an alternative option for the 2022 budget in the event that it is not legislated

2021-08-10

Yes Iraq: Baghdad

Today, Tuesday, the decision of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, ruled out legislating the federal general budget law for the next fiscal year 2022 this year, in the event that elections are held on the tenth of next October, while he identified an alternative option.

Al-Saffar said that “the budget depends on the political situation, especially the elections, and if the elections actually take place on the tenth of next October, then I expect that there will not be a federal general budget law for the next fiscal year 2022, and the possible alternative option will be to work with the 1/12 system, i.e. repeat application 2021 budget.

He added that "this goes back to the real time and will not serve the budget, and if the elections take place, we need at least four months after that for the new parliament to begin its work and elect the presidencies, and then the government and the new government are formed."

He added, "The new government will also have a government program and a ministerial platform of its own, since the budget reflects the government program and ministerial curriculum, and therefore is a mirror of the government's financial and economic policy."

Al-Saffar pointed out that “the current government, even if it managed to prepare a draft budget law, and even if it submitted it before the elections, there will be no room for approving this project, as the project will be without value because the government will turn into a caretaker government and does not have the right to submit bills, and its powers are to run The daily business is waiting for the new government to start.”

He concluded, "If there is any delay in the elections, there is a possibility that the government will present the budget and it will be approved by the current parliament."

[yota691]

Will the local market's concern end with the dollar price in the 2022 budget? .. A senior official answers

•  Time: 08/10/2021 19:35:01
•  
•  Reading: 2,171 times

  

{Economic: Al Furat News} The Prime Minister's Advisor for Economic Affairs, Mazhar Muhammad Salih, clarified what will happen to the dollar exchange rate against the Iraqi dinar in the 2022 budget.

 

Saleh told Al Furat News that: "All decisions taken by the dollar exchange rates need a long-term policy to adopt the structure of the economy.
We need stability in oil revenues and economic growth rates and the expansion of economic activity by reducing unemployment rates and expanding the local market."
He added: "As for estimating temporary phenomena, it is difficult, as the Iraqi market has adapted to the current dollar exchange rate."
Saleh pointed out that: "Any future improvement from the economic side will reflect positively on the dollar exchange rate, and it will also improve the income of the public through the rise in the national product."
He stressed: "The need for time to follow up on positive trends and the high level of economic growth," noting that "it is not possible to build decisions on oil prices, as they are dependent on the economy with external factors."
Saleh concluded:
The exchange rates of the dollar against the Iraqi dinar witnessed, today, Tuesday, stability in the local markets.
The selling prices of the dollar were 148,500 dinars per 100 dollars, while the purchase prices of the dollar were 148,000 dinars per 100 dollars.
The Central Bank of Iraq had previously decided 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.
Oil prices also rose, today, Tuesday, to compensate for some of the losses of the previous session, when prices reached the lowest level in 3 weeks, while the gains were likely limited due to fears of an increase in Corona injuries. 
Brent crude rose 1.2 percent to $69.88 a barrel, after falling 2.3 percent on Monday.
While US crude rose 1.5 percent to $ 67.47 a barrel, after tumbling 2.6 percent in the previous session.
Today, China announced more cases of Covid-19 in the latest outbreak of the disease, which was first revealed in the country in late 2019, in what analysts say is the biggest test facing Beijing's strategy to bring injuries to zero.

By: Raghad Daham/ Editing: Wafaa Al-Fatlawy

[yota691]

The Finance Committee recommends “reconsidering” the salaries of employees

2021.08.11 - 13:09

 

 

  

Baghdad - people  

On Wednesday, the Parliamentary Finance Committee recommended reconsidering the salaries of employees.  

  

 

  

Committee member Magda Al-Tamimi told the official agency and followed it by "Nass" (August 11, 2021), that "the committee expects to calculate the price of a barrel of oil in the 2022 budget at a maximum of 55 dollars."  

She added that "the government should support the private sector if it wants to reduce the burden on the upcoming budgets," noting that "supporting the private sector would create job opportunities for young job seekers and graduates whose numbers are increasing dramatically, which has led to a high unemployment curve."  

And she added, "The government sector is unable to absorb these numbers, even after reducing the retirement age to 60 years and the retirement of thousands of employees, if the unemployment problem has not been resolved."  

Regarding the salary scale, Al-Tamimi stressed that "the salaries need to be reconsidered, to be a logical and fair scale, as well as solving the problem of calculating certificates, whether unauthorized, or obtained during service."  

[yota691]

Economist: The government has no intention of changing the price of the dollar for two years..and reveals the reason

•  Time: 08/11/2021 10:51:19
•  
•  Reading: 1,053 times

  

{Economist: Al Furat News} An economist ruled out the government's intention to change the dollar's exchange rate and return it to its previous position.

Basem Jamil Antoine told {Euphrates News}: "The government is not thinking of returning the dollar to its previous value because it found a solution in it, and the white paper agrees on that."
He added, "There will be no change in the government, neither in the next budget 2022 nor the one after 2023, in the price of the dollar, and it will be a continuous pattern, as purchasing power has decreased and the poor have become poorer."
Antoine considered the start of the Ministry of Finance to prepare the next budget as a "good step."
He pointed out, "The financial deficit decreases because revenues have risen and the financial difference in the price of a barrel of oil approved in the budget from the current price is large and achieves great results."
It is noteworthy that the Central Bank of Iraq decided on January 19 last to make a significant change in the dollar exchange rate, as follows:
1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar, the price of selling foreign currency to banks.
1470 dinars per dollar, the price of selling foreign currency to the public.
Raghad Daham

[yota691]

Parliamentary Finance: Salaries must be reconsidered

political| 01:01 - 11/08/2021

 

 

 

 

 

Baghdad - Mawazine News

On Wednesday, the Parliamentary Finance Committee identified ways to eliminate unemployment and reduce the burden on upcoming budgets, while recommending a review of salaries.
Committee member Magda Al-Tamimi said, according to the official agency, that "the committee expects to calculate the price of a barrel of oil in the 2022 budget at a maximum of 55 dollars."
She added that "the government should support the private sector if it wants to reduce the burden on the upcoming budgets," noting that "supporting the private sector would create job opportunities for young job seekers and graduates whose numbers are increasing dramatically, which has led to a high unemployment curve."
And she added, "The government sector is unable to absorb these numbers even after the retirement age has been reduced to 60 years and thousands of employees have retired, as the problem of the heroine has not been resolved."
Regarding the salary scale, Al-Tamimi stressed that “salaries need to be reconsidered, to be a logical and fair scale, as well as solving the problem of calculating certificates, whether unauthorized, or obtained during service.” Ended 29/A43

[yota691]

Including consideration of salaries.. Parliamentary Finance sets several recommendations to reduce the burden on the budget

 

 

624 Economie 2021/08/11 13:09 Baghdad today - follow up

Today, Wednesday, the Parliamentary Finance Committee identified ways to eliminate unemployment and reduce the burden on upcoming budgets, while recommending a review of salaries. Committee member Magda Al-Tamimi said, in a statement that she followed (in Baghdad today), that "the committee expects to calculate the price of a barrel of oil in the 2022 budget at a maximum of 55 dollars." She added that "the government should support the private sector if it wants to reduce the burden on the upcoming budgets," noting that "supporting the private sector would create job opportunities for young job seekers and graduates whose numbers are increasing dramatically, which has led to a high unemployment curve." And she added, "The government sector is unable to absorb these numbers even after the retirement age has been reduced to 60 years and thousands of employees have retired, as the problem of the heroine has not been resolved." Regarding the salary scale, Al-Tamimi stressed that "the salaries need to be reconsidered, to be a logical and fair scale, as well as solving the problem of calculating certificates, whether unauthorized, or obtained during service." Earlier, the Rapporteur of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, ruled out the legislation of the federal general budget law for the next fiscal year 2022 this year, in the event that elections are held on the tenth of next October, while he identified an alternative option. Al-Saffar said in a statement to the Iraqi News Agency (INA): "The budget depends on the political situation, especially the elections, and if the elections actually take place on the tenth of next October, I expect that there will be no federal general budget law for the next fiscal year 2022, and it will be the alternative option." It is possible to work with the 1/12 system, i.e. repeating the implementation of the 2021 budget.” He added that "this is due to the real time and will not serve the budget, and if the elections take place, we need at least four months after that for the new parliament to begin its work and elect the presidencies, and then the government and the new government are formed." He added, "The new government will also have a government program and a ministerial platform of its own, since the budget reflects the government program and ministerial curriculum, and therefore is a mirror of the government's financial and economic policy." Al-Saffar pointed out that "the current government, even if it managed to prepare a draft budget law, and even if it submitted it before the elections, there will be no room for approving this project, as the project will be worthless because the government will turn into a caretaker government and does not have the right to present bills, and its powers are to run daily work and waiting for the new government to start.” He concluded that "if there is any delay in the elections, there is a possibility that the government will present the budget and it will be approved by the current parliament."

[Longtimelurker]

2 hours ago, yota691 said:

Economist: The government has no intention of changing the price of the dollar for two years..and reveals the reason

•  Time: 08/11/2021 10:51:19
•  
•  Reading: 1,053 times

  

{Economist: Al Furat News} An economist ruled out the government's intention to change the dollar's exchange rate and return it to its previous position.

Basem Jamil Antoine told {Euphrates News}: "The government is not thinking of returning the dollar to its previous value because it found a solution in it, and the white paper agrees on that."
He added, "There will be no change in the government, neither in the next budget 2022 nor the one after 2023, in the price of the dollar, and it will be a continuous pattern, as purchasing power has decreased and the poor have become poorer."
Antoine considered the start of the Ministry of Finance to prepare the next budget as a "good step."
He pointed out, "The financial deficit decreases because revenues have risen and the financial difference in the price of a barrel of oil approved in the budget from the current price is large and achieves great results."
It is noteworthy that the Central Bank of Iraq decided on January 19 last to make a significant change in the dollar exchange rate, as follows:
1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar, the price of selling foreign currency to banks.
1470 dinars per dollar, the price of selling foreign currency to the public.
Raghad Daham

Thank goodness this economist isnt head of the CBI

[64jaguar]

4 hours ago, Longtimelurker said:

Thank goodness this economist isnt head of the CBI

The "Government" can't change the exchange rate anyways, that's the job of the CBI, Imo! 

[Longtimelurker]

4 hours ago, 64jaguar said:

The "Government" can't change the exchange rate anyways, that's the job of the CBI, Imo! 

Exactly

[screwball]

7 hours ago, 64jaguar said:

The "Government" can't change the exchange rate anyways, that's the job of the CBI, Imo! 

did the government put the zeros.....NO

[screwball]

do they have a say when they come off????maybe who knows

[screwball]

who controls the exchnage rate? depends on whos calling the shots...lots of assumptions!!!! if you make assumptions???

[yota691]

The Ministry of Finance unveils the 17th session of the committee for preparing the budget strategy for the medium term

•  Time: 08/11/2021 18:19:44
•  
•  Reading: 533 times

  

{Economic: Al Furat News} The Ministry of Finance revealed, on Wednesday, the seventeenth session of the committee for preparing the federal general budget strategy for the medium term between 2022 and 2024.

And the ministry stated in a statement that {Euphrates News} received a copy of it, that “Minister Ali Abdul Amir Allawi chaired, today, Wednesday, the meeting of the seventeenth session of the Committee for the Preparation of the Federal General Budget Strategy for the Medium Term 2022-2024, in the presence of both the Undersecretaries of Finance and Planning, Advisers to the Prime Minister and President The General Authority to monitor the allocations of the federal ministries and a number of general managers in the ministry and related ministries.

The statement indicated, "The session discussed the report submitted by the province of Babylon, which includes its future vision in adopting supportive elements to revitalize the economic reality, provide development stimuli, expand the promising investment opportunities in it, in addition to strengthening public works efforts within the framework of upgrading the state of services and infrastructure and creating real job opportunities." ".

He added: "The meeting also witnessed the completion of the follow-up report of the General Authority to monitor the allocations of the federal ministries, which is related to determining the ceilings of oil and non-oil revenues."

The series of sessions for preparing the budget strategy, held within the adoption of the reform plan (white paper) aimed at correcting the course of the Iraqi economy and directing it towards an effective and productive economy that supports the elements of achieving comprehensive economic development.

[yota691]

Parliamentary proposals to adopt a price of $55 per barrel of oil in the 2022 budget

•  Time: 08/12/2021 08:06:00
•  
•  Reading: 429 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee proposed a price of 55 dollars per barrel of oil as an appropriate price for building the 2022 budget, noting that sending a realistic budget to Parliament would greatly facilitate the committee’s work, because the 2021 budget was very exaggerated.

Committee member Jamal Kougar said, in a press interview, that “calculating next year’s budget on $50 a barrel is a good thing, and if I were the Minister of Finance, I would have built the budget on $55 a barrel, as it is a very appropriate price, especially since it is not possible to predict oil prices, as there was a decline After a rise,” he added, “but we expect an increase in prices with the intensive vaccination campaign (against Corona) in all countries of the world, and this means that we are moving towards the decline of the epidemic.”

He added that "oil prices today are more than what the 2021 budget was built on due to the fear that prices are subject to decline according to the markets," noting that "building the 2022 budget realistically - according to the statements of the Minister of Finance - is a good thing because the 2021 budget was exaggerated and even the expenditures were large, as It was reduced from 168 trillion to 130 trillion, and the government has not yet spent this amount either." 

Finance Minister Ali Allawi had announced that the ministry had begun preparing the 2022 budget a few days ago, and it will have a reform dimension, as it "different from previous budgets" and reflect "the reality of Iraq's obligations", while he indicated that the price of a barrel in the new budget will be 50 dollars, which is an adjustable figure, However, the value of a barrel of oil in the market is currently much higher, exceeding sixty dollars.

Forgiveness of Lights

[yota691]

Economie

PARLIAMENTARY FINANCE PROPOSES APPROVING $55 PER BARREL OF OIL IN THE 2022 BUDGET

 

 

 

Thursday, August 12, 2021 8:27 AM

Baghdad / National News Center

Today, Thursday, the Parliamentary Finance Committee proposed a price of 55 dollars per barrel of oil as an appropriate price for building the 2022 budget.

Committee member Jamal Cougar said, in an interview, according to the official newspaper, that “calculating next year’s budget on $50 a barrel is a good thing, and if I were the Minister of Finance, I would have built the budget on $55 a barrel, as it is a very appropriate price, especially since it is not possible to predict oil prices. There was a decline after a rise,” he added, adding, “But we expect an increase in prices with the intensive vaccination campaign (against Corona) in all countries of the world, and this means that we are moving towards the decline of the epidemic.”

Cougar added, "Oil prices today are more than what the 2021 budget was built on due to the fear that prices are subject to decline according to the markets," noting that "building the 2022 budget realistically - according to the statements of the Minister of Finance - is a good thing because the 2021 budget was exaggerated and even the expenditures were Large, as it was reduced from 168 trillion to 130 trillion, and the government has not yet spent this amount either.

[ronscarpa]

11 hours ago, yota691 said:

PARLIAMENTARY FINANCE PROPOSES APPROVING $55 PER BARREL OF OIL IN THE 2022 BUDGET

 

Thanks Yota ... just get on with it Iraq...! 

[yota691]

Parliamentary proposals to adopt a price of $55 per barrel of oil in the 2022 budget

Thursday 12 August 2021 478

 

 Baghdad: Shaima Rashid

 

The Parliamentary Finance Committee proposed a price of 55 dollars per barrel of oil as an appropriate price for building the 2022 budget, noting that sending a realistic budget to Parliament would greatly facilitate the committee’s work, as the 2021 budget was very exaggerated. 

Committee member Jamal Cougar said, in an interview with “Al-Sabah”: “Calculating next year’s budget on $50 a barrel is a good thing, and if I were Minister of Finance, I would have built the budget on $55 a barrel, as it is a very appropriate price, especially since it is not possible to predict oil prices, as There was a decline after a rise,” he added, adding, “But we expect an increase in prices with the intensive vaccination campaign (against Corona) in all countries of the world, and this means that we are moving towards the decline of the epidemic.”

He added that "oil prices today are more than what the 2021 budget was built on due to the fear that prices are subject to decline according to the markets," noting that "building the 2022 budget realistically - according to the statements of the Minister of Finance - is a good thing because the 2021 budget was exaggerated and even the expenditures were large, as It was reduced from 168 trillion to 130 trillion, and the government has not yet spent this amount either." 

Finance Minister Ali Allawi had announced that the ministry had begun preparing the 2022 budget a few days ago, and it will have a reform dimension, as it "different from previous budgets" and reflect "the reality of Iraq's obligations", while he indicated that the price of a barrel in the new budget will be 50 dollars, which is an adjustable figure, However, the value of a barrel of oil in the market is currently much higher, exceeding sixty dollars.

For her part, a member of the Finance Committee, Magda Al-Tamimi, said: "The committee expects to calculate the price of a barrel of oil in the 2022 budget at a maximum of $55."

She added, in an interview with the Iraqi News Agency (INA), that "the government should support the private sector if it wants to reduce the burden on the upcoming budgets," noting that "supporting the private sector would create job opportunities for young job seekers and graduates whose numbers are increasing very dramatically." leading to a rise in the unemployment curve.

Regarding the salary scale, Al-Tamimi stressed that "the salary scale needs to be reviewed, to be a logical and fair scale, as well as solving the problem of calculating certificates, whether unauthorized or obtained during service."