Al-Kazemi’s advisor clarifies the most important tasks of the Financial Management Law

Mawazine News – Today, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the fate of salaries, pensions, and grants, with the delay in approving the general budget for the fiscal year 2022, while clarifying the most important tasks of the Financial Management Law.

Saleh said, “The effective financial management law is one of its first tasks to secure the actual current expenses with an average exchange base of 1/12,” noting that it is “an important mechanism guarantor of payments of a recurring, actual nature, specifically salaries, wages, government grants, pensions and social welfare without stopping, even if the approval of the budget is delayed. “

He added, “The adoption of the Federal General Budget Law for the year 2022 is a fundamental goal in planning economic policy and its essential pillar, as it is linked to the issue of growth in the economy.”

He pointed out that “the budget has an important function, which is to ensure the achievement of a prosperous level of GDP that exceeds the annual population growth, and this can only be achieved by advancing the added or new production capacities approved by the investment budget towards income-generating and employment projects.” Ended 29 / p. 87

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