Its volume exceeded 200 trillion dinars.. New details about the budget and the exchange rate delay approval

Shafaq News / Member of the Parliamentary Finance Committee, Representative Nermin Maarouf, announced, on Friday, the size of the 2023 budget, noting that it exceeds 200 trillion dinars, while pointing out that the fluctuation of dollar prices and the failure to fix its price in the budget delayed sending it to Parliament.

Maarouf told Shafaq News agency, “The recent changes and the reduction in dollar prices have disrupted or delayed sending the budget from the government to parliament,” indicating that “the price of the dollar in the budget has not been determined yet after the government decided to reduce its price and circulation to 1,300 dinars per dollar.”

And she pointed out that “changing the price of the dollar and its official approval will determine the budget deficit and its amount, if any, and we are awaiting the official approval of the dollar price in the next budget.”

Maarouf indicated that “the size of the 2023 budget exceeds 200 trillion dinars, and it is awaiting the arrival of the budget to parliament and discussing its doors in detail.”

For his part, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, indicated that there is a controversy about the price of a barrel of oil for the purposes of calculating oil revenues in the general budget for the year 2023, between 65-75 dollars per barrel.

In his interview with Shafaq News agency, Salih said, “We are waiting for the discussion of the budget issue to be launched in the coming days, and for the final opinion of the Council of Ministers, before the draft budget law is presented to the Parliament.”

And the Iraqi government revealed, the day before yesterday, Wednesday, that the Ministry of Finance had begun to re-prepare the general budget for the year 2023 according to the new exchange rate (130) thousand dinars per 100 dollars.

A source in the government told Shafaq News agency, “The ministry needs some days to prepare a draft law, which will be completed and sent to the Council of Ministers next week.”

The source stressed that “the cabinet needs only one session to discuss and approve the general budget law for the year 2023.” On Tuesday, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar.

Shafaq.com