The President approves the revised budget

The President approves the revised budget


The President approves the revised budgetPresident of the Republic Fuad Masoum on Monday approved the law on the seizure of property of the former regime and the amended federal budget for 2017.

A presidential statement said that “infallible ratified the draft law on the seizure and confiscation of property and movable and immovable property of the elements of the former regime, which was voted by the House of Representatives earlier on the provisions of article (III) of Article (73) of the Constitution.”

He explained that “this law has been established for the purpose of identifying persons involved in the seizure and confiscation of movable and immovable property under previous legislation and the establishment of the appropriate mechanism to end the detention procedures. He also ratified the amendment of the law of the General Budget No. 44 of 2017, In accordance with the provisions of Article (III) of Article (73) of the Constitution. ”

He added that “this law began to fill the shortfall in the salaries of state employees and the public sector and members of the popular mobilization and to ensure payment of pensions and insurance needs of displaced and pay the receivables of audited contractors from the Federal Audit Bureau and the benefits of farmers and the needs of the ministries of electricity, oil and health,” adding ” Official Gazette”.