Parliamentary Finance: 3 proposals regarding the budget for the next three years
Parliamentary Finance: 3 proposals regarding the budget for the next three years
04/21/2021 02:56:22
The Parliamentary Finance Committee unveiled a proposal to approve the 2021 budget for the next three years.
Al-Hajja member Muhammad Al-Shabky said in a press statement, “The holding of parliamentary elections in October next and the approval of their results, and the formation of the government, which may be delayed until April or June of next year, this matter will cause a delay in approving the budget next year and thus will affect the exchange mechanism in the provinces.” Ministries and contractors’ obligations.
He added that “there are 3 proposals to implement a mechanism for implementing the budget next year, the first of which is the adoption of data and accounts for the 2021 budget for the 2022 budget, while the second proposal included the approval of this year’s budget for the next three years, which is an opinion submitted by MPs and political blocs.”
And he added, “The third proposal is to adopt a 12/1 disbursement mechanism in order to implement the Financial Management Law by relying on the 2021 budget for any reason if it is not possible to legislate the 2022 Budget Law.”
Al-Shbaki confirmed that “the Finance Committee and the House of Representatives are studying many proposals that lead to the approval of next year’s budget smoothly and easily.”
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