Pessimistic expectations.. What is the secret behind the 2023 budget not being released yet?
9-10-2023
Pessimistic expectations.. What is the secret behind the 2023 budget not being released yetToday, Sunday, the economic expert, Dr. Abdul Rahman Al-Mashhadani, revealed the main reasons behind not launching the 2023 budget yet, anticipating a global economic crisis next year, and despite the rise in oil prices, the year 2024 will be difficult.
Al-Mashhadani said in a statement exclusively to Jarida , “Not releasing the budget is not for fear of it being exploited electorally, because the political blocs do not need a budget, as they have food security law money, and they also have supporters from merchants and businessmen, so the basic political blocs have power.” And money and support from local, international and commercial parties.”
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He added, “The government’s vision announced by the Prime Minister is that the disbursement is based on the revenues generated, but the revenues generated cover operational expenses only, and in official statements it was stated that the Kurdistan region’s share is greater than its entitlement, because the disbursement is based on the revenues generated, and not on Basis of budget allocations.
He continued: “Also, the Prime Minister wants to spend the year 2023 with the minimum disbursement as long as the budget is delayed. Therefore, the life of the government will be short, which is two years. He does not want to borrow from the Central Bank and waste the surplus resources, which are 23 trillion from last year, but rather He wants to put it as savings or as an initial entry for 2024.”
He explained, “Because the year 2024 will not be as easy as expected, even though oil prices have begun to rise to record levels, but all expectations still point to a global economic crisis in 2024, so this hedging and austerity that they are following by delaying the approval of the budget may be the main reason for saving.” Funds and resources available until next year.
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