Parliamentary Finance Committee talks about determining the 2025 budget deficit
Parliamentary Finance Committee talks about determining the 2025 budget deficit
12-22-2024
Information / Special..
Member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, confirmed today, Sunday, that the deficit percentage in the 2025 budget cannot be estimated at present, given that its tables have not yet reached the House of Representatives.
Al-Karawi said in a statement to Al-Maalouma Agency, “The deficit, revenues, and spending volume in the budget are calculated in a planning manner,” noting that “the budgets of the previous two years were not implemented on the ground as planned, as the levels of planned revenues and planned spending were not achieved, which made the announced deficit inaccurate.”
He added that “determining the deficit rate will only be possible after the tables reach Parliament and are reviewed,” stressing that “those tables will also determine the challenges and opportunities associated with subsequent amendments, including Article 12.”
He concluded by saying: “So far, the deficit remains unpredictable.”
It is noteworthy that the 2024 budget revenues amounted to “144 trillion and 336 billion dinars, while expenditures amounted to 210 trillion and 936 billion dinars, with the deficit amounting to 63 trillion and 599 billion dinars.”
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