Iraqi planning reveals the features of the 2022 budget and the groups affected by the delay in its approval

Iraqi planning reveals the features of the 2022 budget and the groups affected by the delay in its approval

November 01, 2021 3:40 PM

Iraqi planning reveals the features of the 2022 budget and the groups affected by the delay in its approvalMubasher: The Iraqi Ministry of Planning revealed, today, Monday, the features of the upcoming 2022 budget, while specifying the categories whose salaries will be affected when the budget is delayed.

The Undersecretary of the Ministry, Maher Hammad, said, according to a statement by the ministry, that “the continuous salaries of the employees are on the fixed owners and will not be affected in the event of delay in approving the next budget, or even not approving it, because the ratio of 1/12 will cover the amounts.”

The ministry pointed out that “the delay in approving the budget may affect the additional allocations at the end of the year for the purposes of bonuses or promotions, as well as new job grades.”

Hammad added, “The Financial Management Law stipulates that in the event that the budget is not approved, the current expenditures will be spent in a ratio of 1 to 12 of the previous budget, while investment expenditures are dealt with according to the completion percentage for each project separately, and this is called the draft budget allocation of the proposal,” noting that “The price of oil has been set in the next budget at $60 a barrel.”

And he indicated that “the budget is currently in the mini-committee to formulate a preparatory framework for the government, but the current cabinet is not authorized to approve it, but it will be ready for the next cabinet after the formation of the new government in it.”

mubasher.info