Thursday, December 26, 2024

Parliamentary Finance decides: The exchange rate of the country will not change, 26 DEC

Parliamentary Finance decides: The exchange rate of the country will not change

Economy News – Baghdad

The Parliamentary Finance Committee revealed the number of employees, retirees and beneficiaries of social welfare, stressing that their salaries are fully secured for the next year, with no intention to change the dollar exchange rate.

The member of the committee, Moeen Al-Kazimi, stressed “the need to increase non-oil revenues to alleviate the burden on the general budget.”

Al-Kazimi stressed that “the government is working to enhance revenues from non-oil sources such as taxes, customs, the Information and Communications Authority, and winning companies in state departments, in addition to the collection of water, electricity and other services.”

He pointed out that “non-oil revenues can reach 30 trillion dinars in 2025, in addition to 120 trillion dinars of oil revenues, which makes the total revenues sufficient to secure the salaries of employees of 4.2 million employees, and the salaries of retirees, who number up to 3.5 million retirees,” pointing out that “allocations for these salaries amounted to 65 trillion dinars during 2024, and it is expected not to witness a significant increase during the next year.”

Al-Kazimi also explained that “the beneficiaries of social welfare will reach 5 million beneficiaries,” stressing “the importance of following a rational fiscal policy to increase non-oil revenues and ensure financial stability, while keeping the dollar exchange rate unchanged.”

 

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