The Parliamentary Finance Committee calls for submitting “realistic” budget tables that take into account current circumstances.
The Parliamentary Finance Committee called on the government, on Tuesday, to expedite the submission of the general budget tables, stressing the need for them to be “realistic and logical” and reflect the nature of expected revenues, in light of the current economic challenges.
Committee member, Moeen Al-Kadhimi, told Al-Maalouma Agency, “The Prime Minister had previously directed the Ministry of Finance to prepare the budget tables, and the latter submitted its proposals and recommendations to the Council of Ministers.” He pointed out that “the Prime Minister’s Office has not yet issued directives to complete the tables and submit them to Parliament.”
He stressed that “the Finance Committee demands that the budget tables be balanced and not include exaggerations, as happened in the 2023 and 2024 budgets,” adding that “it is important for the government to take into account the reality of revenues and the country’s financial circumstances, and for the budget to be built on realistic foundations that spare the country additional financial burdens.”
It is noteworthy that the 2023-2025 budget was enacted in a three-year format for the first time in Iraq’s history, but the government has not yet submitted its annual schedules, sparking angry parliamentary and popular reactions.
Almaalomah.me