Parliamentary Finance Committee sets date to discuss 2025 budget schedules
Parliamentary Finance Committee sets date to discuss 2025 budget schedules
10-2-2024
Information/Baghdad..
The Parliamentary Finance Committee confirmed, today, Wednesday, that it will begin discussing the 2025 budget schedules at the beginning of next November.
Member of the Finance Committee, Mudhar Al-Karwi, told Al-Maalouma, “The committee is working, through its meetings with financial specialists in the Ministry of Finance and the Central Bank, to address the delay in financing the governorates’ allocations and ongoing projects to launch project packages in the coming few days.”
He pointed out that “the committee will begin discussing the 2025 budget schedules early next November, in order to guarantee employees’ salaries and project allocations.”
He added, “The Parliamentary Finance Committee is currently busy with other important files, most notably maximizing non-oil revenues and developing various productive sectors.”
He pointed out that “relying on selling crude oil as a major source for the Iraqi treasury still represents a major challenge, but on the other hand there are efforts to increase non-oil revenues, but the matter faces multiple challenges.”
It is noteworthy that Iraq relies 90% on the sale of crude oil to finance treasury revenues, through which salaries of government employees and other expenditures are paid.
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