[size=36]Minister of Finance: Complete the proposed budget model for the coming year and study the mechanisms for its implementation[/size]
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Finance Minister Ali Allawi announced, on Sunday, that he has completed following up on the proposed federal budget model for the coming year and studying the mechanisms for its implementation.
And the ministry stated in a statement, which received / Mawazine News / a copy of, that "Allawi chaired the twenty-second session of the committee for preparing the federal general budget strategy for the medium term 2022-2024, in the presence of the head of the General Authority for Monitoring Federal Receipts Allocations, the Undersecretaries of the Ministry of Finance and Planning, the Prime Minister's advisors and the ministry's advisors. And the general managers of the Ministry of Finance and the relevant ministries, during which they discussed the most important requirements of the items to be included in the 2022 budget submitted by the Undersecretary of the Ministry, and their costs were estimated in light of the applicable laws and legislation.
And she added: "The meeting completed the follow-up to the proposed federal budget model for the next year and the study of the mechanisms for its application in accordance with the current economic challenges and in line with the adoptions of the financial reform process related to the modernization and development of aspects of spending and public financial management, as it included the proposed budget model for the governorates (Basra, Wasit, Maysan, Karbala), as well as The meeting continued with the topic of defining and programming expenditure ceilings by the Ministry of Finance and discussing their extent, stressing the need to stabilize expenditure ceilings at safe levels to ensure optimal implementation of the budget’s paragraphs and items in a smooth and high accuracy, in addition to mobilizing financial resources and directing them towards achieving comprehensive economic development.