Al-Kadhimi: The 2025 budget may reach parliament early next month.
Al-Kadhimi: The 2025 budget may reach parliament early next month.
2025-06-11 02:52
Shafaq News/ Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, said on Wednesday that the Iraqi state budget for 2025 is likely to reach the House of Representatives early next month.
Al-Kadhimi told Shafaq News Agency that the Ministry of Finance has completed its observations on the budget law’s schedules and submitted them to the Council of Ministers to express the government’s opinion on the nature of the budget and the total amount compared to last year, in light of the decline in revenues achieved during the current year.
Al-Kadhimi explained that the Ministry of Finance is preparing the final schedules for the budget law after receiving the government’s response to the submitted comments. He noted that the draft 2025 budget law is expected to be referred to the House of Representatives early next month after approval by the Council of Ministers.
Al-Kadhimi explained that the House of Representatives’ Finance Committee’s view is that the general budget must be proportionate to the financial revenues achieved, and not exceed 140 to 150 trillion dinars, the level adopted in the 2023 and 2024 budgets.
The delay in approving the 2025 federal budget in Iraq threatens financial stability, service and development projects, the disbursement of salaries and benefits, and other repercussions that directly impact the daily lives of Iraqi families, according to observers.
Observers believe the budget has become a “political tool” during election seasons, used as a means of pressure and bargaining between blocs, without taking into account the impact of these procrastinations, which have continued for more than half a year.
Legal experts also believe that delaying the disbursement of financial allocations stipulated in the budget law constitutes a form of administrative corruption and opens the way for lawsuits to be filed against entities obstructing the implementation of the law.
shafaq.com
