PM advisor: 25 trillion IQD of possible financial surplus at the end of the year

Economy

14-09-2022, 23:22

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INA - BAGHDAD

The technical advisor to the Prime Minister, Haitham al-Jubouri suggested on Wednesday, that the financial surplus would reach 25 trillion dinars at the end of this year.

"The growth in the Iraqi economy is caused by high oil prices. The Federal Court's decision regarding the inability of the caretaker government to send projects and laws delayed the budget to be sent to Parliament," said Al-Jubouri in a TV show on Al-Iraqiya News TV, followed by the Iraqi News Agency - INA.

He added, "The financial surplus may reach 25

trillion dinars at the end of this year," noting that "the Parliament may approve an emergency law similar to food security in the event that the budget cannot be approved."

"Last year, we achieved 10 trillion Iraqi dinars in non-oil revenues. It is assumed that customs revenues will be four times the current," he noted.

On inflation, he stressed that "the change in the exchange rate increased the rate of inflation, as the rate of inflation doubled 11 times."