The Ministerial Council for Economy discusses the draft budget, revenues and expenditures law

January 9, 2023

Baghdad / Obelisk: Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired, on Monday 1/8/2023, the first meeting of the Ministerial Council for Economy.

And the Ministry of Foreign Affairs stated, in a statement received by Al-Obelisk, that: The meeting was held in the presence of the Deputy Prime Minister and Minister of Planning, and with the participation of the Ministers of Finance, Trade, Industry, Agriculture, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the acting head of the National Investment Commission and the chief advisors. Ministers for economic and legal affairs.

She added that the council discussed the draft law of the state’s general budget, the revenues and expenditures contained therein, and the economic issues on its agenda, and took many important economic decisions, including: obliging all state ministries and institutions to pay wages for goods and services in Iraqi dinars, and whoever chooses from the private sector to have sales as It was mentioned above, provided that the Central Bank of Iraq compensates these amounts in dollars and at the official rate in order to fulfill their obligations and purchases outside Iraq.

The ministry followed up, and the council agreed that the Central Bank of Iraq would contract with the Zaha Hadid Foundation to design the Central Bank building in Nineveh Governorate.

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