Mazhar Saleh {to Euphrates News}: The Ministry of Finance begins preparing the 2026 budget.
Mazhar Saleh {to Euphrates News}: The Ministry of Finance begins preparing the 2026 budget.
2025/10/11
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that the Federal Ministry of Finance, as the financial authority in the state, has begun preparing estimates of the federal general budget for the next fiscal year (2026), based on Article (11) of the Federal Financial Management Law No. (6) of 2019, as amended, which regulates the time and procedural stages for preparing the general budget.
Saleh told Al Furat News Agency, “The ministry is preparing budget estimates starting in July of this year. In accordance with the provisions of the law, the initial budget estimates are submitted to the Ministerial Council for Economic Affairs for discussion and review of its overall assumptions. They are then submitted to the Council of Ministers for approval in principle.”
He added, “This usually takes place at the end of October of each year, in preparation for referring the draft federal budget law to the House of Representatives for enactment before the start of the new fiscal year.”
alforatnews.iq
