The Ministry of Finance authorizes the ministries to pay for the year 2018



Economy News _ Baghdad

The Ministry of Finance authorized ministries and departments not affiliated with the Ministry and the governorates and their councils with all powers of exchange during the month of January 2018 by (12/1).
This guidance comes to the delay of the House of Representatives in the adoption of the state budget for the year 2018, especially in the lists of parliamentary committees concerned to discuss.
The Ministry of Finance announced that the disbursement will be from the actual expenditures for 2017 or the preliminary estimates included in the budget bill 2017-2018, whichever is less related to salaries, allowances, wages, salaries, pensions, debt services and current expenditures for the purpose of payment of obligations and security expenditures, except for ongoing investment projects.
The Financial Management Act of 2004 gave the government the authority to discharge (12/1) the previous budget for each month, ie, the Financial Management Law if the budget law is not approved or delayed, the previous budget is approved.




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