"Tidbits From TNT" Monday 2-20-2023

TNT:

Tishwash:  Parliamentary Finance attributes the delay in sending the budget to Parliament to changing the exchange rate of the dollar

Today, Monday, the Parliamentary Finance Committee attributed the delay in the 2023 budget at the government discussion table to changing the exchange rate of the dollar.

The head of the committee, Atwan Al-Atwani, said in an interview with the official newspaper, "Al-Sabah", which was followed by Mawazine News, that "the budget is still under study by the government, and it is certain that a re-evaluation of it will be carried out in light of the reduction in the exchange rate of the dollar."

He added, "The exchange rate was set by the government at 1,300, and therefore there will be a re-review after the funding gap," noting that "the budget deficit grows whenever the exchange rate decreases, so the government is working today to set an acceptable deficit ratio that can be dealt with."