Iraq’s 2025 budget is expected to be submitted to Parliament by the end of March, following a collaborative agreement among governmental entities. The Ministry of Finance will provide necessary budget schedules for parliamentary discussion after approval by the Council of Ministers.
The Iraqi government’s 2025 budget is poised to be submitted to Parliament by the end of March, as reported by Shafaq News. A senior official, Mudher Mohammad Saleh, the financial and economic advisor to the Prime Minister, confirmed that there is a collaborative effort involving the Parliamentary Finance Committee, the Council of Ministers, and the Ministry of Finance.
Saleh emphasized the importance of Article 77/Second of the 2023 General Budget Law, which mandates the Ministry of Finance to present the necessary budget schedules each year, encompassing both revised operating and capital expenditures. He elaborated that the ministry will first present these tables to the Council of Ministers for further evaluation before they are sent to Parliament.
The advisor also noted that the budget tables are anticipated to be delivered to Parliament before the conclusion of Ramadan, which aligns with the end of March. An MP from the Shiite Coordination Framework has reiterated that the Ministry of Finance plans to submit the budget tables to the Cabinet for deliberation and voting within the week.
In conclusion, Iraq’s 2025 budget is set to be ready for parliamentary consideration before the closure of March. This development arises from a cooperative agreement among key government bodies, ensuring compliance with legislative requirements. The timely submission of budget tables is crucial in adhering to fiscal mandates and facilitating an efficient legislative process.
Original Source: shafaq.com
