The Sudanese advisor is surprised by the approval of a tripartite budget: a violation of the Financial Management Law
The Sudanese advisor is surprised by the approval of a tripartite budget: a violation of the Financial Management Law
2023-03-13 04:56
Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, saw on Monday that the Council of Ministers’ approval of the draft budget law for the fiscal years 2023, 2024, and 2025 is an incorrect procedure.
In an interview with Shafaq News agency, Saleh said that the financial management law confirms the annuality of the budget (year after year). It is possible for the Council of Ministers to present a financial plan for three years, and not for three annual budgets.
Regarding the approval of the tripartite budget bill, Saleh said, “It does not change when it approves a law, but the financial plans are estimates that can be modified,” pointing out that “what it came up with is a financial plan for the coming years, and it remains financial estimates that have no commitment and they talk about a financial future.”
He added, “The ceiling of public spending in the budget for the year 2023 is less than 200 trillion dinars, taking into account two issues, namely the planned deficit. At the same time, there are surplus resources for the fiscal year 2022, and these surplus resources are estimated at between 25 to 30 trillion dinars, which will reduce the deficit.”
The Iraqi Council of Ministers had approved the draft federal budget law for the years 2023, 2024, and 2025, in a procedure that is the first of its kind.
The decision comes despite the fact that the Federal General Budget Law made it clear that the financial plan expresses what the state intends to do in terms of programs and projects, including planning tables for estimating revenues and estimating expenditures, both current and investment, for one fiscal year to be specified in the Federal General Budget Law.
The value of the budget amounted to 200 trillion dinars (about 140 billion dollars), which is the largest value in the history of Iraq.
shafaq.com
