One of them is borne by the government. A parliamentarian identifies two reasons for delaying the release of the 2023 budget
One of them is borne by the government. A parliamentarian identifies two reasons for delaying the release of the 2023 budget
11-27-2023
Information/private..
Today, Tuesday, Member of Parliament, Jassim Al-Atwani, identified the reasons for delaying the release of financial allocations for the 2023 budget, while holding the government responsible for one of the reasons.
Al-Atwani said, in an interview with the Maalouma Agency, that “the defect in delaying the disbursement of financial allocations for the 2023 budget is clear and is due to two main reasons, one of which is borne by the federal government.”
He added, “The government followed suit after approving the budget, as it began specifying instructions and controls, considering that budget instructions must accompany its launch, and this is what happened in previous financial budgets.”
The member of the House of Representatives explained, “The other reason is related to the lack of financial abundance, especially since the budget depends primarily on financial revenues, given that the government does not depend on cash reserves, but rather on imports that can be obtained from oil sales and others.”
Al-Atwani stated, “There is a clear delay in the flow of these funds, which in one way or another caused the release of financial allocations for the 2023 budget.”
A member of the Parliamentary Economy and Investment Committee, MP Muhammad Al-Zayadi, had previously criticized the Ministry of Finance for obstructing the launch of investment financial allocations in the tripartite budget for the governorates, indicating that this was reflected negatively by obstructing the completion of projects.
The House of Representatives approved, on Monday, June 12, 2023, after long deliberations between the government and parliamentarians that extended for months, the financial budget law for the three years 2023, 2024, and 2025, as the budget approved more expenditures and investments as a direct result of the increase in oil revenues, which constitute 90% of the country’s revenues.
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