Planning: Items in the budget to address the impact of the dollar exchange rate

[yota691]

Planning: Items in the budget to address the impact of the dollar exchange rate

2023.05.23 - 09:33

 

Baghdad - people  

The Ministry of Planning revealed that the budget for the current year includes new items that address the impact of changing the exchange rates of the US dollar on the Iraqi citizen.  

 

  

  

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by “Nass” (May 23, 2023), that “many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates.” in the past months."  

  

He added, "The response was made by adding these items according to human and food security, as well as the economic impact, the general situation of climate change, global economic inflation, and the expected recession."  

  

Johan stressed that "if the new budget is approved in accordance with the items discussed, a large part of it represents a response to providing food and covering the requirements of the social protection network, in addition to supporting the private sector in specific areas."  

  

He explained that "serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and other concerned authorities, regarding exchange rates and their impact on the market and therefore on citizens," noting that "the Ministry of Planning worked under the guidance of Prime Minister Muhammad Shiaa al-Sudani in this field."  

  

Regarding the budget and its approval date, Aref al-Hamami, a member of the Parliament's Legal Committee, told the same newspaper, "The Finance Committee is working to put the final touches on completing the budget law, and then it will send it with the final report to the Presidency of Parliament, which will set the date for the voting session on it." He stressed that "the budget will be voted on during the current month of May."  

  

He explained, "The political blocs agreed to pass the budget during the current month, and there are technical procedures and demands for some governorates and committees to add or delete items, and all of this depends on the Finance Committee to complete these requests and vote on their paragraphs."  

  

As for the member of the Parliamentary Finance Committee, Mustafa Al-Karawi, he indicated that “there are a number of points in the budget that were not discussed by the Finance Committee, including those related to the share of the governorates and the region,” explaining that “after completing the discussion and voting on all budget items, it will be submitted to the House of Representatives, if The issue has been resolved politically."  

[yota691]

Planning: Items in the budget to address the impact of the dollar exchange rate

 

money and business
   

Economy News _ Baghdad
The Ministry of Planning revealed that the budget for the current year includes new items that address the impact of changing the exchange rates of the US dollar on the Iraqi citizen.  

 

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months."  

 

He added, "The response was made by adding these items according to human and food security, as well as the economic impact, the general situation of climate change, global economic inflation, and the expected recession."  

 

Johan stressed that "if the new budget is approved in accordance with the items discussed, a large part of it represents a response to providing food and covering the requirements of the social protection network, in addition to supporting the private sector in specific areas."  

 

He explained that "serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and other concerned authorities, regarding exchange rates and their impact on the market and therefore on citizens," noting that "the Ministry of Planning worked under the guidance of Prime Minister Muhammad Shiaa al-Sudani in this field."  

 

 

  

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Views 135

Added 05/23/2023 - 10:33 AM

[Laid Back]

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months."  
 

I hope purchasing power is one of the items 

 

Go Budget

Go Stronger dinar $1+

Go purchasing power 

[DanP]

3 hours ago, Laid Back said:

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months."  
 

I hope purchasing power is one of the items 

 

Go Budget

Go Stronger dinar $1+

Go purchasing power 

Exactly. 
Specific = Purchasing Power!

Best dang article!

Thanks all!

[screwball]

6 hours ago, Laid Back said:

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months."  
 

I hope purchasing power is one of the items 

 

Go Budget

Go Stronger dinar $1+

Go purchasing power 

💯

[screwball]

2 hours ago, DanP said:

as a result of the damage incurred by him as a result of the change in exchange rates in the past months."  

Hmmmm…they clearly don’t like the 1310!!!!!

[DanP]

1 hour ago, screwball said:

Hmmmm…they clearly don’t like the 1310!!!!!

Can I have a reinstatement!!! Amen!!

[Longtimelurker]

1 hour ago, DanP said:

Can I have a reinstatement!!! Amen!!

Amen!!