Intensive meetings to complete the budget law before the middle of the year
Intensive meetings to complete the budget law before the middle of the year
2023-04-25 05:33
Shafaq News/ A member of the Parliamentary Finance Committee, Jamal Cougar confirmed, on Tuesday, that intensive meetings will be held by the committee with the Minister of Finance and the advanced staff of the ministry to discuss the federal budget law and reduce the deficit rate, suggesting that the budget will be approved at the end of next month.
Article (8) of the Federal Financial Management Law No. (6) of 2019 states: The Minister of Planning and Finance shall submit to the Economic Affairs Committee at the beginning of August of each year the draft general budget law, and at the beginning of September the recommendations shall be presented to the Council of Ministers each year.
Cougar told Shafaq News agency, “The Parliamentary Finance Committee will host the Minister of Finance and the advanced staff in the ministry to discuss the general budget law, scrutinize expenditure numbers, and work to reduce the budget deficit.”
He pointed out that “the coming days will witness intensive meetings of the Finance Committee and hosting officials to work on completing the budget and approving it next May.”
“We expect the House of Representatives to vote on the general budget law at the end of next month,” Cougar added.
Yesterday, Monday, a member of the Parliamentary Legal Committee, Raed al-Maliki, suggested extending the legislative term of the House of Representatives in order to approve the tripartite federal budget law.
Al-Maliki told Shafaq News agency, “The remaining days of the current legislative term are not enough to pass the general budget law, and therefore the parliament is obliged to extend the legislative term by one month until the law is approved.”
The Iraqi Council of Representatives completed the first and second readings of the draft federal budget law for the Republic of Iraq, which was submitted by the government of Muhammad Shia al-Sudani for the fiscal years 2023, 2024, and 2025.
On Tuesday (April 18), the Parliamentary Finance Committee revealed the existence of political disagreements and objections to the draft state budget law, noting that passing it “will not be easy.”
shafaq.com
