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Clare » December 3rd, 2024
Prime Minister’s Advisor: Budget awaits parliamentary amendments to suit government program
12/3/2024 Baghdad – WAA – Amina Al-Salami, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the financial situation in the country is currently governed by the Federal General Budget Law, while indicating that the budget is awaiting amendments that suit the government program.
Saleh told the Iraqi News Agency (INA): “The financial situation in the country is currently governed by the Federal General Budget Law No. 13 of 2023 in accordance with the Three-Year Budget Law (2023, 2024 and 2025).”
He added that “the legislation and approval of the federal general budget for the year 2025 has become a foregone conclusion as a law under the three-year budget and has been legally adopted,” noting that “the three-year budget law was submitted and legislated for the year 2025 in accordance with the Three-Year Federal General Budget Law, which was issued in the Official Gazette in June 2023, and there is an amendment to the paragraphs related to the region’s revenues and expenditures presented to the Council of Representatives to make amendments that suit the government program.” LINK
It does not remain “just attractive”.. Iraq wants to invest its money “in projects abroad”
12/2/2024 News-Economy revealed a member Parliament Iraqi MP Ibtisam Al-Hilali announced today, Monday, Iraqi plans to activate foreign investments, meaning that Iraq By investing his surplus money in projects abroad.
Al-Hilali said in an interview with Sumaria News, “Thanks to the good diplomatic relations that the government of Mohammed Shia al-Sudani has established with neighboring countries and the world, economic relations have also improved,” noting that “there are large internal and external investments.”
She explained that “domestic investments serve the country by improving the environmental situation and infrastructure,” indicating that “foreign investments have a financial and economic return for Iraq.”
She stressed that “we had a meeting with the French embassy to activate foreign investments,” indicating that “Iraq is a capable country.”physically He can invest his money in foreign investments to benefit the public. Iraq and neighboring countries.”
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Questions have often been raised about why the investment Iraq His money is invested in various sectors, including external sports sectors as well as technology, similar to other countries, which could lead to a diverse financial return with the lack of non-oil revenues in Iraq Compared to oil revenues. LINK
Source: Dinar Recaps
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