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Henig » March 17th, 2023
Vietnam discusses Increasing Trade with Iraq
14th March 2023 By John Lee.
Iraq’s Ministry of Trade held a meeting with a delegation from the Vietnamese embassy in Tehran to discuss joint cooperation in commercial and economic aspects, including the supply of rice, tea, construction materials, and machinery.
They also discussed the possibility of holding the nineteenth meeting of the Iraqi-Vietnamese Joint Committee, and inviting the Vietnamese side to participate in the next Baghdad International Fair.
The Vietnamese delegation expressed gratitude and emphasized the importance of communication between the two sides to increase opportunities for cooperation in the future.
(Source: Ministry of Trade) LINK
Parliamentary Finance Favors Approving the Federal State Budget Before Eid Al-Fitr
BAGHDAD (NINA) — A member of the parliamentary finance committee, Jamal Kojar, is likely to approve the federal budget for the current year before Eid al-Fitr, noting at the same time that there is a “serious deficit” in it.
Koger said in a statement: “The budget may be approved before Eid al-Fitr, stressing that the parliament does not have the authority to add the salary scale to the budget, noting that the budget deficit is “serious” and the government may resort to borrowing.
Economist Manar Al-Obaidi predicted in a statement today that the deficit in the state’s general budget will reach 90 trillion dinars if revenues are not fully achieved as planned, indicating that the drop in oil prices by one dollar costs the state 1.5 trillion dinars annually.
It is noteworthy that the Council of Ministers approved on March 13, the draft budget law for the next three years, worth about 200 trillion dinars, the largest in the history of Iraq. LINK
Source: Dinar Recaps
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