Parliamentary Finance counts the money spent in 2023. What about the current year's budget?

[6ly410]

Parliamentary Finance counts the money spent in 2023. What about the current year's budget?

• Today 19:00

• Parliamentary Finance counts the money spent in 2023. What about the current year's budget? | Information (almaalomah-me.translate.goog)

Information/private.

Today, Wednesday, the Parliamentary Finance Committee determined who is able to make amendments to the 2024 budget, while referring to the amount of funds disbursed during 2023.

 

A member of the committee, Mueen Al-Kazemi, said in an interview with Al-Maalouma that "the budget, which was approved in mid-2023, is a tripartite budget, meaning that it will be applied for three years, which was estimated at 198 trillion Iraqi dinars, both operational and investment."

He added that "the government did not spend the amount of 198 trillion last year, but only spent 140-150 trillion dinars," noting that "last year's budget did not witness a deficit."

The member of the Finance Committee explained that "the 2023 budget, with its same items and texts, which consists of 78 articles, and its schedules (A, B, C, D, E), will be transformed into the budget of the current year."

Al-Kazemi indicated that "the current year's budget will be amended commensurate with the work of the government, and on the basis of which it was approved by the House of Representatives, and it is taking its way to implementation," stressing that "the government alone will make amendments to the budget law for the current year."

Earlier, economist Nabil al-Ali stressed that the government must submit tables on budget expenditures for the current year, noting that the government will negotiate with political forces to pass the amendments.

The process of the Council of Ministers' approval of a "tripartite" budget extending until 2025 was a positive point that was welcomed by a number of specialists in economic affairs, who praised the paragraphs supporting increasing sustainable development rates, especially in the health and educational aspects.

[BETTYBOOP]

So they are either going to amend it , with a new rate or add the money they didn't spend in 2023 to the 2024 budget and carry on regardless??

[Laid Back]

“the budget, which was approved in mid-2023, is a tripartite budget, meaning that it will be applied for three years, which was estimated at 198 trillion Iraqi dinars, both operational and investment."

 

The three years budget was estimated 198 trillion IQD. 

 

"the government did not spend the amount of 198 trillion last year, but only spent 140-150 trillion dinars," noting that "last year's budget did not witness a deficit."

 

In 2023 they spent about 70% of the budget 

 

 "the government alone will make amendments to the budget law for the current year."

 

Lets wait and see what is the next step regarding the amendments in the budget

for the current year.!

 

Go Budget

Go stronger dinar

Go purchasing power