Clare » August 6th, 2023
The Minister of Finance discusses the British ambassador with the steps of Iraq’s accession to the “global financial system”
The Minister of Finance receives the British ambassador, and they discuss joint financial cooperation and exchange of experiences. The six Ministers of Finance, Taif Sami Muhammad, received today, Sunday, at the Ministry’s headquarters, the UK Ambassador to Baghdad, Mr. Stephen Hitch, and his accompanying delegation.
The meeting witnessed discussions on the consolidation of bilateral relations between the two friendly countries, through the development of joint cooperation in the field of finance and economy and the exchange of experiences, in addition to discussing joint cooperation mechanisms in the field of supporting financial and banking policies and building human capacities, and discussing Iraq’s steps to engage with the international financial system and the most prominent measures and reforms it is making.
The government in the field of the banking and financial sector, which contributes to the promotion of economic development in Iraq LINK
Planning: Budget instructions issued this week and many projects will see the light of day
The Ministry of Planning announced that the mechanisms of the financial budget will be issued this week, and many lagging projects will see the light at the end of this year and the beginning of next year.
And the Undersecretary for Technical Affairs, Maher Johan, stated, in a press statement, that “the budget did not linger and was not disrupted, but after the approval of the budget law in its final form and the corrections that were made to it by the House of Representatives and the government, we met during the past two weeks officials of the ministries and governorates and developed quick plans to serve the implementation projects”.
He explained, “We cannot finance projects in an advance manner, and we must finance according to what has been ratified and approved in the budget law, by finding a legal basis for issuing instructions that will be published in the Iraqi Gazette and issued at the end of this week as a maximum.”
Johan pointed out that “the government program stresses the implementation of service projects that are quick to complete as soon as possible, so the bulk of the budget will be for the completion of strategic projects related to infrastructure, such as sanitation, health, education, and electricity projects,” stressing that “these projects are not few.”
And if they are completed, they will achieve a qualitative leap in the service reality, and quite a few of these projects will see the light at the end of this year, but in the next year, work will continue to complete the lagging projects. LINK
Source: Dinar Recaps
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