The Sudanese financial advisor: The 2023 budget will take into account investment projects and confronting poverty and unemployment
The Sudanese financial advisor: The 2023 budget will take into account investment projects and confronting poverty and unemployment
2022-12-12 05:31
Shafaq News / The financial advisor to the Prime Minister, Mazhar Muhammad Salih revealed, on Monday, that the 2023 budget will take into account “combating poverty and unemployment” and investment projects, pointing to the necessity of precaution in setting the oil price.
In an interview with Shafaq News agency, Salih said, “The delay in the 2023 budget is due to the fact that the current government was approved at the end of last October, and therefore the budget must add the goals of the government program and it needs some time to reconsider some paragraphs”, expecting that the budget will be submitted over the next few years.”
Saleh added, “The budget will take into account two main issues, which are the aspect of social spending and the fight against poverty and unemployment, in addition to investment projects that lead to diversifying the economy and diversifying state revenues, as this matter needs special attention.”
And Saleh stressed that “the budget must take precautions in setting the price of oil by not setting a high price, because this may lead to a drop in prices, and therefore the financial management must set reasonable prices and protect yourself from any fluctuations in oil prices.”
The Parliamentary Finance Committee expected, on December 10, 2022, that the Iraqi Council of Ministers would vote on the draft general financial budget bill for the year 2023 at the end of this month.
Since the day before yesterday, Thursday, the Iraqi parliament has entered a legislative recess for a period of 30 days, and it will resume its sessions on the ninth of next January.
At the beginning of last November, the Prime Minister, Muhammad Shia’a Al-Sudani, identified the priorities that should be focused on, which are the federal budget law for the next year. Effective solution to the problem of electricity shortage, which greatly affected the life of the citizen and the economic sectors in the country.
Prime Minister Mohamed Shia Al-Sudani had previously directed the need to prepare the federal budget law for the year 2023 as quickly as possible.
The previous government headed by Mustafa Al-Kadhimi faltered in sending the draft budget law for the year 2022 before the Iraqi parliament in its previous session dissolved itself in preparation for the early elections that took place on the tenth of October 2021.
It is noteworthy that the financial budget for the current year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.
After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible.
And a number of specialists considered that the delay in approving the budget for the current year would negatively affect investment projects and delay ongoing projects, in addition to stopping the economic activities of the market in the country in general.
shafaq.com
