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Parliamentary Finance: The budget will be applied and implemented retroactively for the past months
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A member of the Parliamentary Finance Committee, Muhammad al-Shabaki, indicated, on Sunday, that the budget will be applied and implemented retroactively for the past months that were not enacted, pointing out that the budget must be effective from the first of last January.
Al-Shabaki said in a press interview, that "the federal budget for 2021 is supposed to be published in the Iraqi newspaper Al-Waqae 'after it was decided by Parliament and voted on in general."
He added that "the budget is considered effective from the first of January of the year 2021, despite the parliament voted on it on the 31 of last March."
He explained that "the budget is applied and implemented retroactively for the past months, after Parliament voted on it after exceeding the specified date for its implementation."
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