Adviser to the Prime Minister determines one option to reduce the dollar exchange.. He predicts the fate of the 2023 budget

  • Time: 07/25/2023 23:16:43
  • Reading: 1,066 times
Adviser to the Prime Minister determines one option to reduce the dollar exchange.. He predicts the fate of the 2023 budget

  {Economic: Al Furat News} The Prime Minister’s Advisor for Economic Affairs has identified one option to reduce the dollar’s exchange rate against the Iraqi dinar, while predicting the fate of the 2023 budget.

The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. To subscribe, click here

Haitham al-Jubouri said; For the program {Alstra} broadcast by Al-Furat satellite channel tonight, that: “The financial equation in the country is the one that controls the exchange rate of the dollar, and if we want to strengthen the dinar and convince investors abroad to invest in the country gradually, the dollar begins to decline, i.e. encouraging investments and increasing non-oil revenues will raise the level of value of the dinar. 
He added, “The Iraqi people are increasing by one and a quarter million people annually, and if we do not remedy the situation and make plans, we will actually suffer in paying salaries during the coming years. The future of future generations cannot be mortgaged to fluctuating oil prices.” 
Al-Jubouri explained, “In Iraq, if thinking about the economy remains in the same current mechanism, we will have mercy on the current exchange rate, and the white paper has remained ink on paper without brains;
With regard to the federal budget for the fiscal year 2023, al-Jubouri said, “It can only be approved by the presence of a new government and not necessarily the same approach as the current government. It may take austerity for the sake of the article, but if the current government remains, we will proceed with setting the doors of law.” 
And he continued, “Prime Minister Mustafa Al-Kazemi is the most president who followed up on the energy file in the country, and Iraq spent nearly $6 billion on the electricity sector in 2021, and there was supposed to be a levy for electricity that covers the ministry’s costs completely, but it does not currently reach 15%.” 
Al-Jubouri went on to say, “The Federal Court’s decision that the oil and gas law in the Kurdistan region is unconstitutional is a good step to negotiate with the federal government, and the Office of Financial Supervision is responsible for following up on the revenues generated from the region’s oil, while the advances that the region currently receives are deducted from its share in the budget.”
Regarding the economic pressure paper on Turkey after the criminal attack against civilians in the Bazakho resort, al-Jubouri said, “It is possible that the government has now begun to escalate. There is a complaint submitted to the Security Council and there is an intention for the presence of Iraqi forces in the areas adjacent to the Turkish border.” 
He stressed, “the need to arrange the situation before the boycott and to find an alternative to import, as the value of our imports from Turkey exceeds 20 billion dollars, which is higher than China.” 
Regarding automation, Al-Jubouri commented, “Iraq needs the correct automation of the border crossings, and we need other measures to make the automation step successful,” noting “Al-Kazemi’s failure in the financial file, but in general he acted wisely and got Iraq out of major crises.”
With regard to the political file, al-Jubouri stressed, “The framework is keen on the unity of the national ranks by nominating Muhammad Shia al-Sudani for the position of prime minister, and I think that his personality is acceptable to all parties and he is known for his integrity, and so far most of the blocs are welcome. . 
Al-Jubouri concluded, “The two Kurdish parties are both insisting on their candidates for the presidency, and the nomination of Al-Sudani will lead to the acceleration of deciding the position of President of the Republic.”

Wafaa Al-Fatlawy

One thought on “Adviser to the Prime Minister determines one option to reduce the dollar exchange.. He predicts the fate of the 2023 budget

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s