Parliament is awaiting the 2024 budget schedules… preparing for major changes in numbers
Parliament is awaiting the 2024 budget schedules… preparing for major changes in numbers
2023-12-29
The Parliamentary Finance Committee confirmed today, Friday, that the 2024 budget schedules have not yet reached Parliament, but the total revenues and expenditures must be reconsidered.
Committee member, Mustafa Al-Karawi, said, “The Prime Minister has not sent any letter regarding the 2024 budget yet, but in general it is assumed that the issue of revenues and total expenditures and the percentage of the deficit achieved in the new budget will be reconsidered, based on expectations of oil prices and quantities exported according to the OPEC decision.” , indicating that “if changes occur to these three numbers, there will be a major change to the rest of the budget schedules,” according to the Iraqi News Agency.
Al-Karaawi explained that “the volume of expenditures distributed across the spending lines, and according to the available amounts and expected revenues, there will be a redistribution of the budget schedules, and as a result there will be a major change in the schedules,” noting that “what the political forces aspire to are the budget items. Especially in the Kurdistan region, with regard to actual expenses and others.”
He stressed that “the committee is determined that there be social justice between the governorates, and that everyone is obligated to pay the actual expenses,” noting that “these points are the sum of the differences that we will witness in the budget during the coming period.”
He added, “We hope to send its data for the 2024 budget after the legislative recess, so that it can be amended quickly.”
Al-Karaawi confirmed, “There is no increase in fuel prices. Rather, it is regulating the process of processing fuel by converting it to electronic form and using payment cards, but there is not yet any official decision regarding fuel prices.”
alsumaria.tv
