"SO IS THE NEW EXCHANGE RATE" BY FRANK26, 23 MAY

 KTFA

FRANK26: "SO IS THE NEW EXCHANGE RATE"..F26

The deficit rate is large.” An economic message to the House of Representatives regarding
the 2024 budget schedules

5/21/2024
Baghdad
 

Today, Tuesday, economic expert Ali Daadoush sent a message to the House of Representatives regarding the 2024 budget schedules, while stressing the need to reduce the deficit rate.

In an interview with Al-Iqtisad News, Daadoush said, “It is very important for the House of Representatives to study the financial budget schedules for the year 2024 in depth and take into account the large expenditures.”

He added, "Oil prices are expected to remain at the current ceiling, and will not fall below $75 per barrel as an average price until the end of the current year, unless political events occur that may affect oil prices."

Regarding the deficit rate, he stressed “the importance of having a careful study by the House of Representatives on the deficit in the financial budget, and trying to reduce its rate,” considering “the deficit rate is very large, and needs to be regulated and reduced, especially in light of the presence of expenses that can be dispensed with and carried over to the coming years.”

Earlier today, the Secretary of the House of Representatives confirmed the arrival of the federal budget schedules for the year 2024 from the Council of Ministers, and will be transferred to the Presidency of Parliament for reading and voting on them.

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