PRIME MINISTER’S ADVISOR: IMPLEMENTATION OF THE 2024 BUDGET IS PROCEEDING SMOOTHLY
The Parliamentary Finance Committee is expected to discuss the 2025 budget next November, amid a general trend to pass it easily and not amend it significantly, while the Prime Minister’s Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih, stated that the 2024 budget that entered into force had a “precautionary deficit” of about 64 trillion dinars.
Salih said, in an interview with “Al-Sabah”: The average Iraqi oil sales for 2024 were estimated at no less than $75 per barrel, noting that the general financial need for “bridge loans” (which are short-term loans) to address the possibility of a deficit may not exceed 10 trillion dinars in all cases, which are borrowing amounts permitted under Law No. 13.
The financial advisor added that the country’s “financial life” in 2024 is proceeding smoothly, wondering, otherwise how did the Ministry of Finance issue 2024, in cooperation with the Central Bank of Iraq, “achievement bonds” for public subscription.
(Mnt Goat: So, the 204 budget is open and being spent. Oh…but all these idiot intel gurus told you that the new RV rate was in the budget and we would see it when it was opened. Yeh, what nonsense and I told you this was all nonsense too and just guru rumors and bullshit. Do you believe me now.. So who it lying to you? What else do they tell us in this article? They also tell us, once again, the budget is based on the price of oil not the rate of the dinar. Get it? How many times must I say this?)
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