The Finance Committee begins discussing and studying the 2024 budget schedules

The Finance Committee begins discussing and studying the 2024 budget schedules

2024-05-22 02:59

The Finance Committee begins discussing and studying the 2024 budget schedulesShafaq News/ Today, Wednesday, the Parliamentary Finance Committee began holding its first meeting after receiving the 2024 budget schedules.

A parliamentary source told Shafaq News Agency that the meeting aims to review the budget schedules and begin studying them for the purpose of proceeding with their approval.

Later, the Finance Committee confirmed in a statement that it held its first meeting regarding the Federal General Budget Law for the year 2024, with the aim of developing a comprehensive plan to review and analyze the budget schedules and their items after they arrive from the Prime Minister’s Office.

The Chairman of the Finance Committee, Atwan Al-Atwani, announced that he had received the budget tables after they arrived from the Presidency of the Council of Ministers, in preparation for discussing them and drawing up the financial policy for them, stressing the speedy completion of them before the end of the legislative term of the Council.

The statement noted that the committee decided to host the Ministers of Finance and Planning to discuss the details of the schedules, in addition to hosting those concerned to listen to opinions and proposals.

The statement continued that the committee reviewed the details received, noting the need to analyze the data contained in current and investment expenditures, as the committee agreed to prepare a summary report and present it to the House of Representatives.

Yesterday, Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, referred the draft federal budget law 2024 to the Finance Committee after receiving it from the Iraqi government.

The 2024 budget, according to what Prime Minister Muhammad Shiaa Al-Sudani announced last Sunday, is 211 trillion dinars, and employee salaries for the year 2024 amount to 62 trillion dinars, while the 2023 budget amounted to 199 trillion dinars and employee salaries were 59 trillion dinars.

According to Al-Sudani, the revenues of the 2024 budget are estimated at “144 trillion and 336 billion dinars, while expenditures amount to 210 trillion and 936 billion dinars, while the deficit is 63 trillion and 599 billion dinars.”

Al-Sudani said, “The governorates’ allocations to local government programs with an investment allocation amounted to 10.633 trillion dinars in 2023, and we financed 3.333 trillion dinars, based on fundamental requests from the governorates,” adding, “The remainder of the allocation is 7.333 trillion dinars in a trust account, at the disposal of the governorate governments.”