A representative reveals the reason for delaying the disbursement of budget funds despite its approval
A representative reveals the reason for delaying the disbursement of budget funds despite its approval
2023-10-03
Member of the Parliamentary Finance Committee, Representative Mustafa Al-Karawi, revealed Monday, the reason for delaying the disbursement of budget funds despite their approval.
Al-Karaawi said in a press interview, “The disruption to disbursement of the budget and the delay in its release are due to administrative problems and also the failure to complete data by the relevant ministries and departments.”
He added, “Today there was a hosting for the Minister of Planning, and before that for all governors, and it was decided to disburse dues for the costs of ongoing projects, and we are in the process of increasing disbursement in the coming days after the availability of cash in the budget.”
He continued, “With regard to investment projects, the governorates have begun preparing their plans according to planning standards and sending them to the ministry for approval.”
Yesterday, the Finance Committee hosted all the governors to discuss the plans drawn up to distribute financial allocations and follow up on the projects included in the federal general budget law and instructions for their implementation, and draft food security law, as well as the actual expenditure for each governorate.
The House of Representatives voted earlier on the budget law for the three years (2023-2024-2025).
At the beginning of the seventh month, the Iraqi Facts Department in the Ministry of Justice announced the issuance of Instructions No. (1) of 2023 related to facilitating the implementation of the federal budget, the Law of the Republic of Iraq for the Fiscal Years (2023-2024-2025) No. (13) in the Facts newspaper.
Despite the vote on it, the budget has not yet been paid to the ministries, which has disrupted project financing.
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