Finance confirms support for the pension fund for 2022
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On Sunday, the Ministry of Finance confirmed the support of the pension fund in the country's budget for the year 2022.
Today, Minister of Finance Ali Abdul-Amir Allawi chaired the meeting of the twentieth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the advisors of the Prime Minister and the undersecretaries of the Ministries of Finance and Planning, the advisor to the Ministry of Finance, the head of the General Authority for Monitoring Federal Ministries Allocations, the President of the General Pension Agency, and a number of Relevant General Managers.
A statement issued by the ministry, received by "Al-Iqtisad News", stated that the meeting discussed a number of basic topics, including determining spending ceilings by the Ministry of Finance within the framework of the 2022 budget, in addition to discussing the issue of public debt and determining loan ceilings, including ongoing loans, and following them up.
The meeting also witnessed the completion of the study of the mechanism for applying the proposed budget model and discussing ways to prepare and implement the federal budget for the next year according to the determinants of the current economic reality and in line with the reform orientation adopted by the Iraqi government aimed at preparing a qualitative budget that depends in essence on performance and productivity programs to be followed, according to the statement.
In another context, during the session, the allocations of the General Pension Agency were discussed within the next year's budget and the emphasis on supporting the pension fund to ensure the provision of the best pension services to a wide segment of Iraqi society.
Allawi stressed the importance of initiating the preparation and implementation of the budget draft in accordance with the prepared strategic plans that support the reform paths that are in the interest of the national economy and giving priority to strategic projects implemented through development loans.