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Al-Kazemi’s advisor determines the value of the domestic product and the volume of total spending for the current year
Economie Yesterday, 19:37
Baghdad - INA - Muhammad Al-Talbi
, Haitham Al-Jubouri, technical advisor to Prime Minister Mustafa Al-Kazemi, determined today, Thursday, the value of government and private domestic product for the current year, and
while he expected the total spending volume for this year, he revealed projects to increase non-oil revenues. Al-Jubouri told the Iraqi News Agency (INA), that
"the volume of domestic product for the public and private sectors for the year 2022, according to current oil prices, will not exceed $300 billion," noting that
"the government is currently spending according to the exchange rule 1/12 of last year's budget, in addition to what Dedicated to the Food Security Law. He added,
"What was allocated from food security amounted to 25 trillion dinars, in addition to 103 trillion dinars spent last year 2021, as it is a base we rely on, so that
the total amount disbursed by the end of this year is 128 trillion dinars, which is equivalent to 88 or 89 billion dollars." He pointed out that
"the government's output alone will range approximately, according to the current oil prices, from 145 to 155 billion dollars at the end of the year."
On the government's steps to provide additional non-oil resources, he explained that
"there are efforts to
activate the transit of goods through Iraq and the port of Faw, as well as
the completion of plans and designs for new railways linking northern and southern Iraq by an Italian company, and
these will increase revenues, and
other steps to complete the automation of border crossings and
the relationship Between the
which is supposed to be reflected in the increase in revenues, in addition to
political and security stability, "explaining that" Al-Jubouri stressed,
"the necessity of conducting a population census in order to make the numbers of segments of society clear accurately,
especially since the Financial Management Law stressed the need for the budget to be based on gender," noting that
"determining the percentage of women, the elderly, children and youth is very important according to the expected census."
With regard to the government's efforts to reduce the effects of population growth on the country's economy, al-Jubouri said,
"The growth is continuing, and we should be guided by accurate numbers that we are waiting for from the housing census so that we can rely on them in decision-making." And he added,
"Iraq is considered one of the very advanced countries in the process of population growth, which reaches an annual rate of 3%, while globally it reaches under half a percent," noting that
"this needs an increase in spending and the provision of services, and many plans are parallel to this increase."
Al-Kazemi’s advisor determines the value of the domestic product and the volume of total spending for the current year
Economie Yesterday, 19:37
Baghdad - INA - Muhammad Al-Talbi
, Haitham Al-Jubouri, technical advisor to Prime Minister Mustafa Al-Kazemi, determined today, Thursday, the value of government and private domestic product for the current year, and
while he expected the total spending volume for this year, he revealed projects to increase non-oil revenues. Al-Jubouri told the Iraqi News Agency (INA), that
"the volume of domestic product for the public and private sectors for the year 2022, according to current oil prices, will not exceed $300 billion," noting that
"the government is currently spending according to the exchange rule 1/12 of last year's budget, in addition to what Dedicated to the Food Security Law. He added,
"What was allocated from food security amounted to 25 trillion dinars, in addition to 103 trillion dinars spent last year 2021, as it is a base we rely on, so that
the total amount disbursed by the end of this year is 128 trillion dinars, which is equivalent to 88 or 89 billion dollars." He pointed out that
"the government's output alone will range approximately, according to the current oil prices, from 145 to 155 billion dollars at the end of the year."
On the government's steps to provide additional non-oil resources, he explained that
"there are efforts to
activate the transit of goods through Iraq and the port of Faw, as well as
the completion of plans and designs for new railways linking northern and southern Iraq by an Italian company, and
these will increase revenues, and
other steps to complete the automation of border crossings and
the relationship Between the
- currency sale window,
customs, and
tax,
which is supposed to be reflected in the increase in revenues, in addition to
political and security stability, "explaining that" Al-Jubouri stressed,
"the necessity of conducting a population census in order to make the numbers of segments of society clear accurately,
especially since the Financial Management Law stressed the need for the budget to be based on gender," noting that
"determining the percentage of women, the elderly, children and youth is very important according to the expected census."
With regard to the government's efforts to reduce the effects of population growth on the country's economy, al-Jubouri said,
"The growth is continuing, and we should be guided by accurate numbers that we are waiting for from the housing census so that we can rely on them in decision-making." And he added,
"Iraq is considered one of the very advanced countries in the process of population growth, which reaches an annual rate of 3%, while globally it reaches under half a percent," noting that
"this needs an increase in spending and the provision of services, and many plans are parallel to this increase."
