Parliamentary Finance raises the possibility of “Iraq without a budget in 2022”

Parliamentary Finance raises the possibility of “Iraq without a budget in 2022”

Posted, 2021-09-09 08:52

Parliamentary Finance raises the possibility of Iraq without a budget in 2022Shafaq News/ The Parliamentary Finance Committee suggested, on Wednesday, that the next year will be without a financial budget, due to the inability to complete it and vote on it before the end of this year, attributing the reason to the preoccupation with conducting legislative elections and forming the next government.

Committee member Muhammad Al-Shabki told Shafaq News Agency, “The ministries of planning and finance were supposed to submit their report to the Council of Ministers last August, including indicators and budget details at the level of expenditures, revenues and financial deficit.”

He added that “the Council of Ministers, in turn, reads the report and votes on the draft general budget law and sends it to the House of Representatives in mid-October,” noting that “the date set for sending the budget to the House of Representatives will coincide with the holding of legislative elections and waiting for their results.”

Al-Shabki continued, “Having the legislative elections on time confirms to us that there is no budget law and it is unlikely that voting on it at the end of this year is due to the preoccupation with the elections and the formation of the government, which takes 3 to 6 months.”

The Minister of Planning, Khaled Battal, had previously told Shafak News Agency, that the budget law will not be presented to the Council of Ministers before the parliamentary elections are held next October.

shafaq.com