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Parliamentary Finance: Parliament will need 30-45 days to pass the budget
political Yesterday, 20:59
Baghdad -
Today, Tuesday, the Parliamentary Committee confirmed the need for 30-45 days to discuss the budget in Parliament before voting on it, indicating that there is a political consensus to pass it, while
it indicated that appropriating $70 per barrel in the budget is realistic and does not cause concern.
A member of the committee, Mueen Al-Kazemi, told Al-Iraqiya News, and was followed by the Iraqi News Agency (INA), that
"the draft budget approved by the government is expected to reach the House of Representatives next week, and
the Council will start discussing it by the Finance Committee, and
we believe that bringing it to the voting stage requires between a month and a half.". He added,
"The Parliamentary Committee will discuss the issue of the deficit established in the budget, amounting to 64 trillion dinars, and how to cover it, and
there is political consensus to pass the budget and after examining its items and doors to start implementing what was stated in the ministerial program of the government of Prime Minister Muhammad Shia'a al-Sudani." And he continued,
"The Financial Management Law allowed the government to present a budget for (3) years, provided that
the first year is obligatory, meaning that it is approved,
while it is possible to make amendments to the 2024-2025 budget, with a proposal from the Ministries of Finance and Planning and the approval of the House of Representatives." He pointed out that
"the adoption of the budget on the price of 70 dollars per barrel of oil is realistic and was determined by specialists and does not cause concern, because
global expectations indicate that oil prices will stabilize within these limits or more during the current year."
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political Yesterday, 20:59
Baghdad -
Today, Tuesday, the Parliamentary Committee confirmed the need for 30-45 days to discuss the budget in Parliament before voting on it, indicating that there is a political consensus to pass it, while
it indicated that appropriating $70 per barrel in the budget is realistic and does not cause concern.
A member of the committee, Mueen Al-Kazemi, told Al-Iraqiya News, and was followed by the Iraqi News Agency (INA), that
"the draft budget approved by the government is expected to reach the House of Representatives next week, and
the Council will start discussing it by the Finance Committee, and
we believe that bringing it to the voting stage requires between a month and a half.". He added,
"The Parliamentary Committee will discuss the issue of the deficit established in the budget, amounting to 64 trillion dinars, and how to cover it, and
there is political consensus to pass the budget and after examining its items and doors to start implementing what was stated in the ministerial program of the government of Prime Minister Muhammad Shia'a al-Sudani." And he continued,
"The Financial Management Law allowed the government to present a budget for (3) years, provided that
the first year is obligatory, meaning that it is approved,
while it is possible to make amendments to the 2024-2025 budget, with a proposal from the Ministries of Finance and Planning and the approval of the House of Representatives." He pointed out that
"the adoption of the budget on the price of 70 dollars per barrel of oil is realistic and was determined by specialists and does not cause concern, because
global expectations indicate that oil prices will stabilize within these limits or more during the current year."
[You must be registered and logged in to see this link.]
