A government advisor explains the procedures to be followed in the event of a delay in approving the 2026 budget.
A government advisor explains the procedures to be followed in the event of a delay in approving the 2026 budget.
2025/08/27
The Prime Minister’s financial advisor, Mazhar Mohammed Salih, explained that Iraq’s fiscal policy will adhere to the Federal Financial Management Law No. 6 of 2019, as amended, if the country enters the 2026 fiscal year without the approval of a federal general budget law.
Saleh told Al Furat News Agency, “If the country enters the 2026 fiscal year without a federal general budget law being passed, Iraqi fiscal policy will adhere to the provisions of the Federal Financial Management Law No. 6 of 2019, as amended.”
He added, “The commitment will be to spend on the basis of 1/12 of the value of actual ongoing expenditures for the year 2025, until the federal general budget law for the new year is enacted by the Council of Representatives, in accordance with the mechanisms stipulated in the Constitution of the Republic of Iraq of 2005.”
alforatnews.iq
