Although it was scheduled a year ago.. MP: A large deficit and delay in the 2024 budget
Although it was scheduled a year ago.. MP: A large deficit and delay in the 2024 budget
4-7-2024
Information/private..
Member of the Finance Committee, MP Jamal Cougar, announced today, Sunday, that there is a large deficit in the 2024 budget, estimated at 84 trillion dinars.
Cougar said in a statement to the Maalouma Agency, “The federal budget for the year 2024 will be delayed according to the words of the Minister of Finance,” noting that “The Finance Committee submitted its question to the Ministry of Finance a month ago.”
He added, “The budget schedules and items are the same and have not changed much from the previous year’s budget, as it is a tripartite budget, but some amendments have been made to it,” noting, “Will this be the last and final amendment to the budget or not?”
It is noteworthy that the Iraqi government announced last year the launch of the tripartite budget project, to facilitate the financial process in the country faster, especially since Iraq is going through an urbanization phase launched by the Iraqi government.
Observers believe that the delay in the Iraqi budget had a significant impact on the economic movement, coinciding with its deficit and the lack of financial liquidity, which had a negative impact on the citizen during the days of the blessed Eid and on the Iraqi market.
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