Parliamentary Finance reveals the possibility of making 3 new amendments to the 2023 draft budget
Parliamentary Finance reveals the possibility of making 3 new amendments to the 2023 draft budget
PM:02:06:14/04/2023
Today, Friday, the Parliamentary Finance Committee revealed the possibility of making 3 new amendments to the draft general budget 2023, specifying the most prominent files that will be discussed with Prime Minister Muhammad Shia Al-Sudani during tomorrow’s session.
Committee member Mueen Al-Kadhimi said in a press statement, followed by NRT Arabia, that “the draft budget law for the year 2023 is estimated at 199 trillion, with a fiscal deficit of 64 trillion,” noting that “Iraq’s revenues amount to 134 trillion, 117 of which are from oil revenues and 17 trillion from resources.” non-oil.”
Al-Kadhimi added, “The Finance Committee’s observations on the draft budget law are to address the deficit by reducing the operating budget with the possibility of making adjustments to the investment budget, especially in the file of provincial allocations, given that the number allocated for the development of regions is few, so it is possible to make a transfer of funds from some ministries to the provinces.” “.
He pointed out, “There is a possibility of reducing the volume of external borrowing, which reached nearly 9 trillion in the budget, to avoid placing a large financial burden on the Iraqi people and the budget.”
And Al-Kadhimi continued, “The Finance Committee has completed reading and discussing 67 articles of the Budget Law,” pointing out that “the members of the committee are working on confirming the observer to prepare the report of the Finance Committee and read it under the dome of Parliament.”
And he expected, “The second reading of the budget bill will take place immediately after Eid Al-Fitr,” explaining that “the meeting of the Finance Committee with Prime Minister Muhammad Shia’ Al-Sudani next Saturday will discuss the treatment of the financial deficit in the budget, adding support to the governorates, reducing external borrowing, and preparing a budget for three Years”.
nrttv.com
