A deputy reveals a set of options regarding the 2022 budget, including the price of the dollar

[horsesoldier]

On 1/19/2022 at 11:38 AM, Half Crazy Runner said:

And now I’m hungry for beef stroganoff 😆

WHERES THE BEEF ?!?!!?!?

[Theseus]

On 1/19/2022 at 10:55 AM, WheresmyRV? said:

Budget won't get passed until April or May, just like every year.

June. Ramadan this year is from April 2 to May 2. Nothing will get done in April or May which gives rise to the initial report about budget getting passed in June.

[GreedyDinar07]

Did they ever pass the 2021 budget? I don’t think Iraq will ever go international. Their politicians are to weak to break away from Iranian influence, Maliki is behind all of this chaos like he is the PM so how do you expect Countries to invest in this environment. Things are starting to look like they were when Maliki was in office and not a damn thing is being done about it. This has been a failure from the start because the Bush administration put Maliki in office after the fall of Sadaam. He made an ass of everyone by building an alliance with Iran after the US and the International Coalition removed Sadaam from office. Every PM has been a puppet of Iran since then therefore handing Iraq to Iran on a silver platter. I never thought I would say this but the war was a failure. We did exactly what Sadaam was trying to prevent. All of the US lives were lost for nothing. Sadr will prove to be ineffective just like the rest of them. It will take a revolution to turn things around. The world is moving towards green energy so as time pass their oil will become less and less attractive..... what a waste!!

[yota691]

It will not pass without changing the dollar exchange rate.. the rule of law resolves the controversy of the 2022 budget

 

6,340 Policy 01/21/2022 18:50 Baghdad today -

special The leader of the State of Law coalition, Haider Al-Lami, confirmed today, Friday, that the 2022 budget will not pass until after the exchange rate of the dinar against the dollar is restored to what it was previously. Al-Lami said in a statement to (Baghdad Today) that "the coalition, from the beginning, categorically rejected the decision to raise the exchange rate, but was surprised by a great rejection by some political forces," noting that "the only affected by this rise is the Iraqi people." He added, "Iraq today exports more than four million barrels of oil, and the price of one barrel reaches 85 dollars, so the exchange rate decision must be reconsidered." Al-Lami stressed, "The rule of law will not proceed with passing the 2022 budget except with a decision to return the dollar exchange rate to what it was previously, in the service of the interests of the Iraqi people."

[jg1]

19 minutes ago, yota691 said:

The rule of law will not proceed with passing the 2022 budget except with a decision to return the dollar exchange rate to what it was previously

Nice! Now we wait to see what they mean by the previous exchange rate. Oh boy. More wait and see.

Edited January 22, 2022 by jg1

[GreedyDinar07]

1190..... if they change it at all..

[Longtimelurker]

3 hours ago, GreedyDinar07 said:

Did they ever pass the 2021 budget? I don’t think Iraq will ever go international. Their politicians are to weak to break away from Iranian influence, Maliki is behind all of this chaos like he is the PM so how do you expect Countries to invest in this environment. Things are starting to look like they were when Maliki was in office and not a damn thing is being done about it. This has been a failure from the start because the Bush administration put Maliki in office after the fall of Sadaam. He made an ass of everyone by building an alliance with Iran after the US and the International Coalition removed Sadaam from office. Every PM has been a puppet of Iran since then therefore handing Iraq to Iran on a silver platter. I never thought I would say this but the war was a failure. We did exactly what Sadaam was trying to prevent. All of the US lives were lost for nothing. Sadr will prove to be ineffective just like the rest of them. It will take a revolution to turn things around. The world is moving towards green energy so as time pass their oil will become less and less attractive..... what a waste!!

Good thing we are in the middle of a global revolution 👍

[denster]

I believe , Maliki did want to RV

The Iran Currency is very low so he has Iraq dinar so he wants to rase it 

If possibly.

[screwball]

9 hours ago, jg1 said:

Nice! Now we wait to see what they mean by the previous exchange rate. Oh boy. More wait and see.

yes not long i think! i always believed that the budget especially the investment budget would be based on a new rate, in matter of fact I remember reading it years ago, unfortunately it was one of thousands of articles I did not save, I also remember when Iran was talking about revaluing they also talked about their investment budget would be at a new rate!

[yota691]

 

Al-Kazemi's advisor explains the impact of the budget delay on the Iraqi economy

 

 2022-01-24 05:40

 

Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Monday, the impact of the delay in approving the budget on the Iraqi economy, indicating that the budget constitutes 50 percent of Iraq's gross domestic product.

Saleh said in an interview with Shafak News Agency; "The financial system in Iraq is hedged by the financial management law in the event of any political emergency, delay or specific circumstance. The delay in approving the budget. The Financial Management Law replaces the budget law in managing the country's financial affairs, which means regulating expenditures and revenues."

He added, "The budget is an annual plan for a period of one year, and when there is no annual plan, the actual current expenditures for the past year are used, it repeats the old and adds 1 to 12 of the actual current expenditures of salaries, wages and continuous payment obligations, and it is called the minimum public financial matters."

He continued, "This matter does not have planning and vision because there is no budget because the budget is planning, vision and goals, and therefore there will be a repetition of last year's goals over the current year and you seek the issuance of the budget until your goals are achieved."

Saleh pointed out that "whenever the financial budget is disrupted and months pass, it means that the goals of the financial budget are not achieved and the goals of the previous fiscal year are repeated, and thus new projects do not exist, new appointments do not exist and a commitment to develop government activity and government programs are disrupted, the market does not know its vision in any way. A trend that will be because the budget is the essence of economic policy. Which direction will it go this year, will it be toward expansion or contraction or toward investments and projects?

Saleh stressed that "the market will remain in this case anxiety and a state of uncertainty for investor decisions and economic activity in the market," noting that "the budget constitutes 50 percent of Iraq's gross domestic product and its effects on the economy are 85 percent."

Mustafa Al-Kazemi’s government stumbled by sending the budget law before the Iraqi parliament dissolved itself in preparation for early elections on October 10, 2021.

[yota691]

Al-Kazemi’s advisor: The budget constitutes 50% of the GDP, and the delay in approving it affects the economy

 01/24/2022

 

 21

 

Baghdad/Al-Mawrid News

, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Monday, January 24, 2022, the impact of the delay in approving the budget on the Iraqi economy, indicating that the budget constitutes 50 percent of Iraq's gross domestic product.
Saleh said, "The financial system in Iraq is hedged by the financial management law in the event of any political emergency, delay or specific circumstance. The delay in approving the budget. The Financial Management Law replaces the budget law in managing the country's financial affairs, which means regulating expenditures and revenues."
He added, "The budget is an annual plan for a period of one year, and when there is no annual plan, the actual current expenditures for the past year are used, it repeats the old and adds 1 to 12 of the actual current expenditures of salaries, wages and continuous payment obligations, and it is called the minimum public financial matters."
He continued, "This matter does not have planning and vision because there is no budget because the budget is planning, vision and goals, and therefore there will be a repetition of last year's goals over the current year and you seek the issuance of the budget until your goals are achieved."
Saleh pointed out that "whenever the financial budget is disrupted and months pass, it means that the goals of the financial budget are not achieved and the goals of the previous fiscal year are repeated, and thus new projects do not exist, new appointments do not exist and a commitment to develop government activity and government programs are disrupted, the market does not know its vision in any way. A trend that will be because the budget is the essence of economic policy. Which direction will it go this year, will it be toward expansion or contraction or toward investments and projects?
Saleh stressed that "the market will remain in this case anxiety and a state of uncertainty for investor decisions and economic activity in the market," noting that "the budget constitutes 50 percent of Iraq's gross domestic product and its effects on the economy are 85 percent."

[screwball]

9 hours ago, yota691 said:

The Financial Management Law replaces the budget law in managing the country's financial affairs

hmmmm....okay then FML is king

[screwball]

8 hours ago, yota691 said:

"The financial system in Iraq is hedged by the financial management law in the event of any political emergency, delay or specific circumstance.

so this says to me the FML is King and takes precedence over budget, so maybe rate change can be done anytime?

[6ly410]

A former deputy clarifies the budget disbursement mechanism for the current year

https://alahadnews-net.translate.goog/2022/01/24/المالية-النيابية-توضح-آلية-صرف-المواز/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

 

Author: AhadNA3 On 01/24/2022 - 9:11 AM 156

A member of the Parliamentary Finance Committee, former MP Muhammad Al-Shabki, clarified the mechanism for disbursing the budget for the current year in the event that it was not approved by Parliament or not sent by the government that the House of Representatives in its new session.

Al-Shabki said, in a statement seen by Al-Ahed News, that “and in the event that the government does not submit any budget for the current year, it will resort to relying on the same 2021 data, in accordance with paragraph 13 of the Financial Management Law.”

He added that "the government will adopt a 1 by 12 system in spending the budget in the event that it works on preparing the budget for the current year without being voted on and approved in Parliament."

And he indicated that "the Ministry of Finance adopted in its expenditures for the current year the system of 1 by 12, especially since the ministry worked to present the budget to the government, and in the event that it was not approved by Parliament, the data of the past year will be adopted in the budget disbursement mechanism

[currenzcraze]

**Al-Kazemi’s advisor: The budget constitutes 50% of the GDP, and the delay in approving it affects the economy**
calendar.png 01/24/2022

Baghdad/Al-Mawrid News

, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Monday, January 24, 2022, the impact of the delay in approving the budget on the Iraqi economy, indicating that the budget constitutes 50 percent of Iraq's gross domestic product.
Saleh said, "The financial system in Iraq is hedged by the financial management law in the event of any political emergency, delay or specific circumstance. The delay in approving the budget. The Financial Management Law replaces the budget law in managing the country's financial affairs, which means regulating expenditures and revenues."
He added, "The budget is an annual plan for a period of one year, and when there is no annual plan, the actual current expenditures for the past year are used, it repeats the old and adds 1 to 12 of the actual current expenditures of salaries, wages and continuous payment obligations, and it is called the minimum public financial matters."
He continued, "This matter does not have planning and vision because there is no budget because the budget is planning, vision and goals, and therefore there will be a repetition of last year's goals over the current year and you seek the issuance of the budget until your goals are achieved."
Saleh pointed out that "whenever the financial budget is disrupted and months pass, it means that the goals of the financial budget are not achieved and the goals of the previous fiscal year are repeated, and thus new projects do not exist, new appointments do not exist and a commitment to develop government activity and government programs are disrupted, the market does not know its vision in any way. A trend that will be because the budget is the essence of economic policy. Which direction will it go this year, will it be toward expansion or contraction or toward investments and projects?
Saleh stressed that "the market will remain in this case anxiety and a state of uncertainty for investor decisions and economic activity in the market," noting that "the budget constitutes 50 percent of Iraq's gross domestic product and its effects on the economy are 85 percent." https://almawrid.news/contents/view/details?id=44408

[yota691]

Expectations of a large budget for Iraq in 2022

•  Time: 01/25/2022 16:30:31
•  
•  Reading: 325 times

  

{Economic: Al Furat News} The financial expert, Salah Nuri, expected, on Tuesday, a large budget for Iraq in the federal budget for 2022.

 

Nuri told Al-Furat News: "We expect that the budget for the year 2022 will be larger than last year, due to the presence of governing expenditures, the most important of which is security after the recent security developments in the country."
He explained, "The 2021 budget included some stability in the security and economic situation," expecting that "there will be an increase in the ceilings of some amounts for the necessary expenditures, especially the security aspect."
Nouri stressed, "There will be no change or modification to the dollar exchange rate."
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed to Al Furat News about the features of the financial budget for the current year 2022.
Salih said that the budget for the year 2022 is very similar to the budget for the year 2021, in terms of operating and investment doors and others.
The survival of the budget in its current form depends on the Council of Ministers and the House of Representatives, and that the House of Representatives has the right to reduce allocations or transfers between chapters, and this depends on the constitutional path to legislate the next budget.

From: Raghad Daham

[yota691]

Unprecedented expectations that 2022 will be free of the budget

• Time: 01/27/2022 18:58:32
•  
• Reading: 2,626 times

  

{Economic: Al Furat News} A member of the former Parliamentary Finance Committee, Sherwan Mirza, expected on Thursday that 2022 would be free of the federal budget.

 

Mirza told Al Furat News that: "The formation of the government will take more than a month, after which the budget law will be studied and sent to the House of Representatives."
He added, "The study of the budget in the House of Representatives may take more than two months."
Mirza continued, "Therefore, we expect that if the budget is approved, it will take until next July, and according to most estimates, the year 2022 will not have a budget, and the spending from the 12/1 allocations will continue."
It is noteworthy that the financial expert, Salah Nuri, expected a large budget for Iraq in the federal budget for 2022, and a rise in the ceilings of some amounts for the necessary expenditures, especially the security aspect.
Meanwhile, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed to Al Furat News about the features of the financial budget for the current year 2022, which is very similar to the budget for the year 2021, in terms of operating and investment doors and others.

[currenzcraze]

**Unprecedented expectations that 2022 will be free of the budget**
budget01/27/2022 18:58:32
Puts a member of the former Parliamentary Finance Committee, Sherwan Mirza, on Thursday, freeing 2022 from the federal budget.

Mirza told Al Furat News that: “The formation of the government will take more than a month, after which the budget law will be studied and sent to the House of Representatives.”

He added, “The study of the budget in the House of Representatives may take more than two months.”

Mirza continued, “Therefore, we expect that if the budget is approved, it will take until next July, and according to most estimates, the year 2022 will not have a budget, and the spending from the 12/1 allocations will continue.”

It is noteworthy that the financial expert, Salah Nuri, expected a large budget for Iraq in the federal budget for 2022, and a rise in the ceilings of some amounts for the necessary expenditures, especially the security aspect.

Meanwhile, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed to Al Furat News about the features of the financial budget for the current year 2022, which is very similar to the budget for the year 2021, in terms of operating and investment doors and others. https://alforatnews.iq/news/توقعات-غير-مسبوقة-بخلو-عام-2022-من-الموازنة

[yota691]

Former Finance Member: Extension of work by installing contractors is illegal

• Time: 01/29/2022 10:52:13
•  
• Reading: 897 times

  

{Economic: Al Furat News} Former Parliamentary Finance Committee member Shirwan Mirza confirmed today, Saturday, that the extension of the law to install contractors who have completed five years as contractual service is illegal.

Mirza told {Fert News}, "This matter requires a law to be included in the 2022 budget, and the General Secretariat cannot take such a decision without repeating the text of the law in the 2022 budget."

He added, "Because the budget is an annual law, work in it is for one year and cannot be for the next year without repeating the text in the new budget," noting that "without the 2022 budget, this law cannot be worked out and all that was rumored about it is just propaganda."

Raghad Daham

[WheresmyRV?]

12 hours ago, currenzcraze said:

**Unprecedented expectations that 2022 will be free of the budget**
budget01/27/2022 18:58:32
Puts a member of the former Parliamentary Finance Committee, Sherwan Mirza, on Thursday, freeing 2022 from the federal budget.

Mirza told Al Furat News that: “The formation of the government will take more than a month, after which the budget law will be studied and sent to the House of Representatives.”

He added, “The study of the budget in the House of Representatives may take more than two months.”

Mirza continued, “Therefore, we expect that if the budget is approved, it will take until next July, and according to most estimates, the year 2022 will not have a budget, and the spending from the 12/1 allocations will continue.”

It is noteworthy that the financial expert, Salah Nuri, expected a large budget for Iraq in the federal budget for 2022, and a rise in the ceilings of some amounts for the necessary expenditures, especially the security aspect.

Meanwhile, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed to Al Furat News about the features of the financial budget for the current year 2022, which is very similar to the budget for the year 2021, in terms of operating and investment doors and others. https://alforatnews.iq/news/توقعات-غير-مسبوقة-بخلو-عام-2022-من-الموازنة

With all the studying and passing it to 20 committee's to be looked at they better start on the 2023 budget because they will be studying the 2022 budget until the end of September.

[yota691]

A deputy reveals a set of options regarding the 2022 budget, including the price of the dollar

• Time: 01/30/2022 14:48:14
•  
• Reading: 1,417 times

  

{Economic: Al Furat News} The current deputy and member of the Finance Committee in the former parliament, Jamal Cougar, revealed today, Sunday, a set of options regarding the 2022 budget, including the dollar exchange rate.

Cougar told {Euphrates News}, that "we expect to send the budget to the House of Representatives immediately after the formation of the government," noting that "there are a number of options presented to it, including to "send the budget as prepared by the current government", or to "make some changes in prices." exchange the dollar” or that it is “fundamentally changed”. 

Cougar added: "Or the exchange rate will be kept according to the Financial Management Law 12/1, and this is somewhat unlikely." 

From: Raghad Daham

[yota691]

Al-Kazemi's advisor talks about the repercussions of delaying the approval of the 2022 budget on the Iraqi economy

 

PM:12:59:30/01/2022

808 views

 

 

Today, Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, identified the economic impact resulting from the delay in approving the general budget, while noting that the continued slowdown in expenditures depends on a single measure. 

 

Saleh said in a statement to the official agency, followed by NRT Arabia, that "the effective financial management law is an exceptional and important alternative for managing the country's public finances, in the event of delay in approving the general budget for any reason, as is the case at the present time, and it is a specific financial policy. Through it, the disbursement mechanisms are exercised in a manner similar to the actual current expenditures that were disbursed successively in the previous year 2021 and according to an exchange rule of 1-12 per month. 

 

He added, "If this mechanism is available, the financial activity will continue without causing booms that suit the higher and desired levels of growth in the economy in its current situation, especially in the implementation of projects, programs and investment activities, as well as providing new government job opportunities, which means that the current financial activity is an activity The minimum, which represents the last year and does not correspond to the desired activities that the budget aspires to in accordance with the levels of population and sectoral growth desired, to meet its needs, which are definitely the largest, especially the issue of new investments and their impact on reducing unemployment in the labor force and business activity in the private sector and its important impact in promoting the activity of national income if it is achieved.

 

He pointed out that "there will remain a gap between the required financial planning that fits the annual increase in population and development needs, which is approved by a general budget planned according to the needs and expansions of economic life and the development of its conditions in accordance with the objectives of the annual budget law and for each year, and the absence of a budget that is replaced by the adoption of last year's standards to meet the needs of economic growth population this year. 

 

He continued, "There is an intersection and divergence between financial needs and desires and the available financial policies that depend on the standards of last year on the current year," noting that "the longer the budget law legislation is disrupted, the slower the new expenditures that serve the growing economic activity and record a state of quasi downturn in the national economy. 

 

He pointed out that "the general budget expenditures constitute approximately 50% of Iraq's gross domestic product, but in this case and the absence of legislation, the expenditures will remain slow and do not reflect the criteria of a financially prosperous year in oil revenues such as the current year, unless the budget is initiated at the earliest possible opportunity and according to development standards. stability for 2022.

[yota691]

What is the economic impact in the event of delaying the approval of the budget?.. an official statement that answers

05:49

Fourth - Baghdad

Today, Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, determined the economic impact of the delay in approving the general budget, while noting that the continued slowdown in expenditures depends on a single measure.

Saleh said, in a statement to the official agency, and followed by (the Fourth) that "the effective financial management law is an exceptional and important alternative to the management of public finances in the country, in the event of delay in approving the general budget for any reason, as is the case at present, and it is a policy Specific financial means through which the exchange mechanisms are exercised in a manner similar to the actual current expenditures that were spent successively in the previous year 2021 and according to an exchange rule of 1-12 per month.

He added, "If this mechanism is available, the financial activity will continue without causing booms that suit the higher and desired levels of growth in the economy in its current situation, especially in the implementation of projects, programs and investment activities, as well as providing new government job opportunities, which means that the current financial activity is an activity The minimum, which represents the last year and does not correspond to the desired activities that the budget aspires to in accordance with the levels of population and sectoral growth desired, to meet its needs, which are definitely the largest, especially the issue of new investments and their impact on reducing unemployment in the labor force and business activity in the private sector and its important impact in promoting the activity of national income if it is achieved. 

 

He pointed out that "there will remain a gap between the required financial planning that fits the annual increase in population and development needs, which is approved by a general budget planned according to the needs and expansions of economic life and the development of its conditions in accordance with the objectives of the annual budget law and for each year, and the absence of a budget that is replaced by the adoption of last year's standards to meet the needs of economic growth population this year.

He continued, "There is an overlap and divergence between financial needs and desires and the available financial policies that depend on the standards of last year on the current year," noting that "the longer the budget law legislation is disrupted, the slower new expenditures that serve the growing economic activity and record a state of quasi downturn in the national economy.

 

He pointed out that "the general budget expenditures constitute approximately 50% of Iraq's gross domestic product, but in this case and the absence of legislation, the expenditures will remain slow and do not reflect the criteria of a financially prosperous year in oil revenues such as the current year, unless the budget is enacted at the earliest possible opportunity and according to development standards. stability for 2022.

 

[6ly410]

https://al-iraqinews.com/archives/227869

Aa’a / Saleh clarifies the economic effects of the delay in approving the budget

January 30, 2022 7 Views

 

conscious / follow

The Prime Minister's Adviser for Financial Affairs, Mazhar Muhammad Salih, outlined, on Sunday, the economic impact resulting from the delay in approving the general budget. 

Saleh said, in a statement that he followed (the Iraqi Media News Agency / INA), that the effective financial management law is an exceptional and important alternative to the management of public finances in the country, in the event of delay in approving the general budget for any reason, as is the case at the present time. It is a specific financial policy through which disbursement mechanisms are exercised in a manner similar to the actual current expenditures that were disbursed successively in the previous year 2021 and according to an exchange rule of 1-12 per month. 

He added, if this mechanism is available, the financial activity will continue without creating booms that suit the higher and desired levels of growth in the economy in its current situation, especially in the implementation of projects, programs and investment activities, as well as providing new government job opportunities, which means that the current financial activity is the limiting activity. The lowest, which represents the last year and does not correspond to the desired activities that the budget aspires to in accordance with the levels of population and sectoral growth desired, to meet its needs, which are definitely the largest, especially the issue of new investments and their impact on reducing unemployment in the labor force and business activity in the private sector and its important impact on enhancing income activity National if it is achieved. 

He pointed out that there will remain a gap between the required financial planning that fits the annual increase in the population and development needs, which is approved by a general budget planned according to the needs and the expansion of economic life and the development of its conditions in accordance with the objectives of the annual budget law and for each year, and the absence of a budget that is replaced by the adoption of last year's standards to meet the needs of the economic growth of the population in the current year. 

He continued, that there is an intersection and divergence between financial needs and desires and the available financial policies that depend on last year’s standards on the current year, noting that “the longer the budget law legislation is disrupted, the slower new expenditures that serve the growing economic activity and record a state of semi-deflation.” in the national economy. 

He pointed out that the general budget expenditures constitute approximately 50% of Iraq's gross domestic product, but in this case and the absence of legislation, the expenditures will remain slow and do not reflect the criteria of a financially prosperous year in oil revenues such as the current year, unless the budget is enacted as soon as possible and in accordance with the criteria of development and stability. for the year 2022

[yota691]

Mazhar Saleh determines the economic impact of delaying the approval of the budget

Monday 31 January 2022 147

 

 Baghdad: morning

Yesterday, Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, determined the economic impact resulting from the delay in approving the general budget, noting that the continued slowdown in expenditures depends on a single measure.

Saleh said, to “Informed”: “The effective financial management law is an exceptional and important alternative to the management of public finances in the country, in the event of delay in approving the general budget for any reason, as is the case at the present time, and it is a specific financial policy that is practiced by During which the disbursement mechanisms are similar to the actual current expenditures that were disbursed successively in the previous year 2021 and according to an exchange rule of 1-12 per month.

He added, "If this mechanism is available, financial activity will continue without creating booms that suit the higher and desired levels of growth in the economy in its current situation, especially in implementing projects, programs and investment activities, as well as providing new government job opportunities, which means that the current financial activity is an activity It does not correspond to the desired activities that the budget aspires to in accordance with the desired levels of population and sectoral growth, especially the issue of new investments and their impact on reducing unemployment in the labor force, business activity in the private sector and their important impact on enhancing the activity of national income, if achieved.” 

He pointed out that "there will remain a gap between the required financial planning that fits the annual increase in population and development needs, which is approved by a general budget planned according to the needs and expansions of economic life and the development of its conditions in accordance with the objectives of the annual budget law for each year, and the absence of a budget that is replaced by the adoption of last year's standards to meet the needs of growth. population in the current year.

He added that "there is an overlap and divergence between financial needs and desires, and the available financial policies that depend on last year's standards for the current year," noting that "the longer the budget law legislation is disrupted, the slower the new expenditures that serve the growing economic activity and record a state of quasi downturn in the national economy.

He pointed out that "the general budget expenditures constitute approximately 50 percent of Iraq's gross domestic product, but in this case and the absence of legislation, the expenditures will remain slow and do not reflect the criteria of a financially prosperous year in oil revenues such as the current year, unless the budget is enacted at the earliest possible opportunity and in accordance with Standards of development and stability for the year 2022.