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Showing results for tags 'final accounts procedures'.
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The Finance Committee announces the start date for ministries financing the budget amounts due for the past months 2023.06.22 - 20:42 Baghdad - Nas The Parliamentary Finance Committee set, on Thursday, the date to start financing the ministries with the budget amounts due for the past months, while indicating the tendency to adopt an electronic system to complete the procedures for the final accounts. Committee member Mustafa Al-Karawi said in a statement to the official agency, followed by “NAS” (June 22, 2023), that “the instructions for implementing the budget will be issued after Eid Al-Adha, as the Prime Ministry and the Ministry of Finance have prepared a draft of instructions that may need amendments after adding articles to The budget by the House of Representatives," pointing out, "the issuance of instructions for financing and implementing the budget will be ready after the feast and circulated to all government departments and ministries." He added, "After issuing the instructions, the Ministry of Finance will start financing the amounts due for the past months, especially the operational ones, and other ministries will start implementing the investment budget for projects and others." Regarding the final accounts, Al-Karawi confirmed that "the Bureau of Financial Supervision is working on this issue, and there is a tendency to adopt an electronic system to complete the procedures of the final accounts." And he continued, "The last data of the final accounts that were updated was the 2015 budget, which was sent to the House of Representatives with the budgets of 2013 and 2014," stressing "the need for careful follow-up of the final accounts, reviewing them and finally approving them in order for there to be real accounts and to uncover corruption files." . He stressed that "the three-year budget will be conditional, and data will be submitted and tables updated by the Council of Ministers and approved by the House of Representatives." Al-Karawi stated, "The application of most of the items will continue year after year, but the digital data will be variable according to the Iraqi and global economic situation, as they are directly linked."