Iraq expects to achieve $20 billion due to high oil prices
The Iraqi government expected today, Thursday, to achieve cash benefits of 20 billion dollars; due to high oil prices.
The financial advisor to the Prime Minister said; The appearance of Muhammad Saleh, today, that the financial situation and its expected indicators during the year 2022 indicate that the average price of a barrel of oil will not be less than $100, compared to the revenues of the 2021 oil budget, which estimated its average annual oil revenues at less than $70 a barrel.
He added that expected net financial surpluses will not be less than 20 billion dollars, and that the prevailing cash flows will be reassuring, and there is no need for any form of borrowing.
It is noteworthy that Iraq depends by 95 percent on crude oil export revenues to support its annual budget. link
Al-Kaabi calls on Parliament to propose a draft budget for 2022 in coordination with the government
The Vice President of the Sadrist bloc, Hassan Al-Kaabi, called on Parliament to propose a draft budget for the current year, in coordination with the government, to expedite its approval.
Al-Kaabi said that the 2022 draft budget is very important for the administration of the state and all governorates, and the benefits of approving it are not limited to official institutions and are reflected in the overall work of the public and private sectors.
He added that the bylaw of the executive authority prevents the disruption of important laws such as the budget law, and there must be cooperation and coordination between the legislative authority and the government by proposing the draft budget from the House of Representatives and through full coordination with the Ministry of Finance and the government, and this should happen so that the budget items are not challenged before the federal government . link
Foreign Minister: The government is moving towards creating an attractive environment for foreign investment
Foreign Minister Fouad Hussein discussed with Anayansi Rodriguez Camillo, Cuban Deputy Foreign Minister, on the sidelines of the Antalya Diplomatic Forum, the strengthening of bilateral relations, and consultation on how to deal with various issues and regional challenges, which Iraq calls for finding sustainable solutions to enhance stability in the region. Region.
Hussein stressed, “the importance of strengthening aspects of bilateral relations through diversifying the frameworks of consultation and joint cooperation, in a way that contributes to achieving security and stability in the region,” expressing “Baghdad’s aspiration to continue and increase support for the overall efforts taking place at various political and economic levels, for the benefit of the the two countries.”
He revealed that “the government is moving towards creating an environment that attracts foreign investment, providing means of developing promising investment opportunities for foreign companies to invest in Iraq, and joint coordination between the two countries.”
For her part, Anayansi Rodrigues affirmed her government’s keenness to establish the best relations with Iraq due to its strategic importance in the Middle East, and that her country’s administration is keen to push forward with bilateral cooperation with Baghdad in various fields in the next stage.link
I guess on one hand we celebrate the high gas price because our Dinar value increases but our dollar value decreases. ..we celebrate the stock market crashing because we are dinarians or cry because we are stock investors….come on RV…
Source: Dinar Recaps
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