KTFA:
Samson: Has the Ministry of Finance determined the price of a barrel of oil in the 2023 budget?
06/11/2022 17:24:25
An informed source revealed today, Sunday, the actual start of the Ministry of Finance to prepare a draft federal budget law for the year 2023.
The source stated {to Al-Furat News} that: “The Ministry of Finance has started the first steps, meetings and preparations for the ministries concerned with preparing the draft budget law.”
The source added, “So far, the price of a barrel of oil that will be approved, or the initial budget figure, has not been determined.”
A member of the Finance Committee, Jamal Cougar, revealed the features of the 2023 budget, stressing that it will approach from 130 to 150 billion dollars, at a fixed exchange rate based on the price of crude between 70 to 75, and that it will be a different investment budget to provide services, meaning that it will be a real budget. LINK
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Courtesy of Dinar Guru
Frank26 Article: “Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term “corruption pandemic” Quote: “And on the financial budget for 2023, the Prime Minister announced that he “directed all ministries today to prepare the 2023 budget and determine its priorities, as we are keen to present the budget as soon as possible.” WHICH ALSO MEANS PRESENTING THE NEW EXCHANGE RATE AS SOON AS POSSIBLE.
Pimpy Once again they are talking about changing the exchange rate. The interesting thing…is the back and forth about whether or not they’re going to do it…Sadr as…the Coordinating Framework…[made] promises to do something about the exchange rate if they control the government. But we do know the decision is not up to the Iraqi government. It’s up to the Central Bank of Iraq to make those decision.
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