Former Deputy: The 2022 Budget Will Be Semi-Annual
Former Deputy: The 2022 Budget Will Be Semi-Annual
02/10/2022 | 10:10 AM
The Information/Baghdad…
The former decision of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, suggested, on Thursday, resorting to approving a semi-annual budget due to the delay in forming the new government, while warning of the negative effects of this.
Al-Saffar said in an interview seen by “The Information”, that “the ministerial curriculum and the government program are translated through the draft budget, which expresses the government’s financial and economic policy, and since the current government is a caretaker government and does not have the right to present draft laws, including the budget, so it is supposed to be done.” Forming the new government so that we can talk about the budget.”
He suggested that “it would take at least two months to form the government, in addition to two more months to complete the draft budget or make an amendment to the same current budget, so according to our expectations if there is a semi-annual budget.”
With regard to the economic and financial implications of not approving the 2022 budget, Al-Saffar indicated that “the effects will be very bad. During the current year, there was no budget and there has been a change in oil prices to more than $90, which means that half of the oil revenues are in excess of The plan is in the 21 budget at a price of 45 dollars per barrel, and this is a waste of public money, not benefiting from it and freezing it, especially since the current government does not have the right to make investments or contracts, but merely conduct business, and only the operational budget will be implemented.”
He suggested “putting the achieved financial abundance in a fund that will be used in the next budget, where the focus is on the investment side with more than 50% of the total coming budget,” explaining that “the issue of appointments and job grades will remain pending until the new budget law is legislated.” finished/25
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