Explaining the reasons for its delay.. Al-Sudani’s advisor reveals to Al-Maalouma the most prominent developments in the financial budget
Explaining the reasons for its delay.. Al-Sudani’s advisor reveals to Al-Maalouma the most prominent developments in the financial budget
12-12-2022
Information / special.
Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the most important developments in the financial budget law, while stressing that the delay in submitting the budget is due to the delay in forming the government.
Saleh said in an interview with the information agency, that “there are no risks to paying government salaries, wages and pensions due to the delay in issuing the Federal General Budget Law,” noting that “the amended Federal Financial Management Law No. 6 of 2019 provides sufficient legal cover to continue spending in The event of entering a new fiscal year without approving a law for the general budget.
He added, “Article 13/First in the law above granted the Minister of Finance to issue the necessary instructions to spend at a rate of 1/12 or less of the total actual expenditures for current or continuous expenditures for the previous fiscal year, in the event that approval of the budget is delayed after December 31 and the disbursement takes place. On a monthly basis until the budget law is passed in the House of Representatives.
Regarding the government’s most prominent developments, the financial advisor explained, “There is a specialized committee headed by the Minister of Finance that is working hard to present the draft budget law for the year 2023 as soon as possible.”
And Saleh stated, “The delay in submitting the budget from the Council of Ministers to the House of Representatives came due to the delay in forming the current government and its approval of a new ministerial curriculum and development principles that take priorities, which requires a longer time to prepare and submit the 2023 budget.”
Earlier, the Ministry of Planning confirmed that “Prime Minister Muhammad Shia’ al-Sudani assigned the Ministries of Planning and Finance to quickly prepare the general budget for the year 2023 and submit it within appropriate time periods to the House of Representatives in order to proceed with the procedures for its approval.
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