Parliamentary Finance: The 2022 budget cannot be approved before the elections

Parliamentary Finance: The 2022 budget cannot be approved before the elections

2021-08-04 04:16

Parliamentary Finance - The 2022 budget cannot be approved before the electionsShafaq News/ The Parliamentary Finance Committee considered, on Wednesday, that it is not possible to approve the general budget law for the year 2022 before holding the Parliament elections, pointing out that the Ministry of Finance is working on drafting the budget.

Committee member Muhammad Al-Shabki told Shafaq News Agency, “The Financial Management Law stipulates that the Ministries of Finance and Planning and the Office of Financial Supervision should submit their plans and prepare a study for the purpose of arriving at a clear formula for preparing the draft general budget law for 2022.”

He added that “it is not possible to vote on the budget law before the parliamentary elections, given that the Ministry of Finance sends a draft of the 2022 budget law to Parliament in October or November.”

Early parliamentary elections are scheduled to be held in Iraq on the tenth of next October.

shafaq.com