Parliamentary Finance: Spending only 20% of the current year’s budget, 12 DEC

 Parliamentary Finance: Spending only 20% of the current year’s budget

12/12/2023

Baghdad: Shaima Rasheed

The Parliamentary Finance Committee revealed that the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20, indicating that the government’s move towards currencies other than the dollar will reduce the pressure on demand for it and thus reduce its prices.

Committee member, Jamal Kujar, said in an interview with “Al-Sabah”: The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed, noting that with the beginning of New Year Next year's budget schedules are sent.

He pointed out that the government's move towards currencies other than the dollar will facilitate the issue of trade, on the one hand, and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.   LINK