Al-Kazemi’s advisor: The absence of a budget puts officials in front of “two options” to confront the problem

Al-Kazemi’s advisor: The absence of a budget puts officials in front of “two options” to confront the problem

2022-03-17 02:19

Al-Kazemis advisor - The absence of a budget puts officials in front of two options to confront the problemShafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, stated, on Thursday, that the delay in approving the budget law for 2022, makes officials in front of two options to confront the problem of delaying the budget for the current year 2022, indicating that the current exchange operations are based on 1/12 of last year’s expenses. .

Saleh said in an interview with Shafak News Agency; The “Financial Management Law is based on the disbursement of a percentage (1/12) of the actual expenditures for the past year for the purpose of paying obligations, expenses and salaries,” noting that “this law does not include expenditures on new projects and programs.”

Saleh added; “This matter makes the concerned official in front of two jaws or two options: either waiting for the budget law, which does not know when it will be issued because it is related to forming a government, or going in coordination with the legislative authority in order to legislate financial laws for the current year to package new projects and to support the ration card or support social welfare to combat poverty.” .

He pointed out that “there is a financial abundance as a result of the rise in oil prices, and therefore it is possible to issue laws with financial expenditures through the legislative authority to reduce poverty and support the standard of living and at the same time adopt new projects to encourage development and investment projects.”

Mustafa Al-Kazemi’s government stumbled by sending the budget law before the Iraqi parliament dissolved itself in preparation for early elections on October 10, 2021.

A number of specialists considered that the delay in approving the budget for the current year would negatively affect investment projects and delay ongoing projects, in addition to stopping economic activities of the market in general.

shafaq.com