There is no agreement on it yet..a parliamentarian identifies a controversial obstacle to the completion of the 2023 budget
There is no agreement on it yet..a parliamentarian identifies a controversial obstacle to the completion of the 2023 budget
11-29-2022
Information / special.
Today, Tuesday, Representative Jawad Al-Saadi identified the biggest obstacle standing in the way of approving the general budget, indicating the formation of a committee from the Ministry of Finance and the relevant parliamentary committee to agree on a specific opinion.
Al-Saadi said in an interview with Al-Maalouma, that “there are parties that are still seeking to reduce the price of the dollar in the new budget before its approval,” stressing that “the file of partially reducing the price of the dollar is what hinders the approval of the general budget in the coming period.”
He continued, “There is an opinion on reducing the exchange rate of the dollar to 137,000 Iraqi dinars instead of the price it is now,” noting that “on the opposite side, there are parties working to maintain the exchange rate.”
He pointed out that “a committee was formed from the Ministry of Finance and the relevant Parliamentary Finance Committee to agree on a single opinion regarding the exchange rate that will be fixed in the general budget.”
And the representative of the Al-Fateh Alliance, Rafik Al-Salhi, revealed earlier that there were parliamentary moves to reduce the exchange rate of the dollar, indicating that Iraq’s revenues increase monthly after the rise in oil prices, which necessitates the government to return the dollar exchange rate to its previous state.
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