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[size=36]How does Iraq manage its financial affairs in the absence of approving the budget?[/size]
Economie| 07:45 - 23/11/2021
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Special – Mawazine News
, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the mechanism that will be followed with the delay in approving the general budget for the year 2022.
Salih said in an interview with “Mawazine News” that “the Financial Management Law addresses the delay in approving the budget from the exchange through 1/ 12, which is the minimum treatment of the Financial Management Act in force.
He pointed out that "the registration of a defect in approving the budget for some reason, such as the constitutional vacuum and the lack of agreement on the budget. The Financial Management Law authorizes the government's authority to dispose of the actual expenditures that occurred in 2021."
He stressed that "the delay in approving the budget will not affect the payment of salaries, because it is among the exchange items mentioned above." Ended 29 / h
, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the mechanism that will be followed with the delay in approving the general budget for the year 2022.
Salih said in an interview with “Mawazine News” that “the Financial Management Law addresses the delay in approving the budget from the exchange through 1/ 12, which is the minimum treatment of the Financial Management Act in force.
He pointed out that "the registration of a defect in approving the budget for some reason, such as the constitutional vacuum and the lack of agreement on the budget. The Financial Management Law authorizes the government's authority to dispose of the actual expenditures that occurred in 2021."
He stressed that "the delay in approving the budget will not affect the payment of salaries, because it is among the exchange items mentioned above." Ended 29 / h
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