Parliamentary proposal to prepare a medium-term budget in Iraq
Parliamentary proposal to prepare a medium-term budget in Iraq
2022-11-06 06:49
Shafaq News/ Independent MP Raed Hamdan Al-Maliki announced, on Sunday, a proposal to prepare a medium-term budget for a period of three years.
Al-Maliki said during a press conference held at the parliament building and attended by Shafak News Agency correspondent, that we submitted a proposal to the Ministry of Planning and the Parliamentary Finance Committee to prepare a medium-term budget for a period of three years based on the provisions of Article 4 II of the Financial Management Law No. 6 of 2019, which stipulates that the Federal Ministry of Finance prepare A medium-term budget for a period of three years, submitted once and legislated, and the first year is obligatory, and the Council of Ministers, based on a proposal from the Ministries of Finance and Planning, may amend it for the second and third years and with the approval of the House of Representatives.
He added, “We asked the above authorities to consider this proposal, which is based on realistic justifications, and with the aim of developing a financial plan for the state with an average time ceiling that must be carried out in terms of programs and projects, and an estimate of current and investment revenues and expenditures.”
shafaq.com
