Al-Baldawi reveals the reason for approving the amendment of the Financial Management Law
Deputy Muhammad Al-Baldawi stressed: "The vote to amend the Financial Management Law will address the problem of the delay in approving the budget for next year."
Al- [You must be registered and logged in to see this link.] said in a press statement: "The amendment came based on the delay in approving the budget due to the failure to form a new government and the inability of the Ministry of Finance to disburse the amounts to the governorates and ministries, so the vote will address the problem of delaying approval of the budget next year and open the doors of exchange."
He added, “According to the law, continuing projects will continue to be funded, the contractors’ dues will be paid according to the doors of the 2019 budget, and funds will be circulated between ministries and governorates to complete the completion of some projects. ”
He pointed out that "some governorates did not spend 25% of their allocations, so it was necessary to vote on amending the Financial Management Law."
[You must be registered and logged in to see this link.]