Antoine: The government must avoid the harms of amending the budget and fulfill its promises
Antoine: The government must avoid the harms of amending the budget and fulfill its promises
3-25-2024
Al-Maalouma/Private..
The economic expert, Bassem Antoine, called on the Iraqi government to fulfill its promises to private sector companies and investors to avoid the damage of market fluctuations after the delay in amendments to the 2024 budget.
Antoine told “Al-Maalouma/, “Presenting the budget in this format over three years is a good thing, but “It has many problems.”
He pointed out that “the budget must be amended, especially with the fluctuations that occurred in the market during the recent period.”
He continued to say, “The team that prepared the committee did not take the opinion of economic specialists and financial experts before submitting it to Parliament and then voting on it.” He called on the government to “pay what it owes to the private sector and fulfill its promises to private sector companies and investors to facilitate market movement and not affect the citizen under any circumstances.” ”
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, had previously revealed the reasons for the delay in approving the 2024 budget schedules, as he said, “Parliament is awaiting the receipt of the budget schedules from the government, and the reasons for the delay in the schedules are due to the need for some spending sections to be reviewed, and the approval of the spending plan for the current year for the governorates.” and institutions, indicating that public expenditures are expected to rise during this year compared to the 2023 budget as a result of the entry of new projects.
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