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Parliamentary Finance: The current year’s budget will change significantly
Iraq 01/02/2024
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Baghdad: Shaima Rashid
The Parliamentary Finance Committee announced that the 2024 budget will witness changes in its operational and investment parts.
Committee member Jamal Cougar said in an interview with Al-Sabah: “The 2024 budget will make many changes and it will be something different in terms of resources and estimates of oil prices and expenditures, as is the case with its plans as it is a new year that will carry new projects.” Stating that "amounts have been determined for some projects, and either they have been spent or will be spent in the near future, and these projects will be produced. There are also new appointments that occurred in the previous budget, and these are all variables that were not present in the 2023 budget." Koger added, “Every year, the operating budget increases, while changes occur in the investment budget,” stressing that “when the government presented a budget for three consecutive years, the first goal was to continue spending beyond the first of January and ensure that we are not exposed to problems stopping the fiscal year and work in accordance with The principle of spending is one out of 12 until a new budget is approved.”
The representative continued, “Parliament granted the government the authority to continue spending the 2023 budget until it is completed and begin the 2024 budget without interruption,” expecting that “the government will not change anything in the 2024 budget, and since it did not spend the previous budget in the required manner, it will not need loans in the new budget.” ".
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