New details for the 2025 budget schedules. Check it out
Economy News – Baghdad
The government confirmed that the 2025 budget will remain in the range of 200 trillion dinars, despite the demands of the Parliamentary Finance Committee to reduce it to comply with the expected financial revenues for next year.
In this context, the Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, explained that “the 2025 budget will continue to be linked to the constants approved in the federal general budget law for the three years (2023-2024-2025), which was previously submitted by the government and approved by the House of Representatives.”
Saleh stated that “next year’s budget will include a hypothetical deficit of 64 trillion dinars,” noting that “this deficit is a hedging deficit that has been approved by law to deal with fluctuations in revenues, especially oil, which is affected by changes in global energy prices and the cycle of oil assets.”
He added that “the total spending ceiling will approach 200 trillion dinars, according to the financial and economic conditions of the country.”
He pointed out that “the price of a barrel of oil in the trilateral budget, which includes the 2025 budget, was set at $70. If the price of oil exceeds this level, this will reduce the percentage of the expected default deficit in the budget.”
Views 99
Added 2024/10/29 – 12:59 PM
https://economy-news.net/content.php?id=49269
No comments:
Post a Comment