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The Cabinet approves the launch of financing the Chinese agreement
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On Monday, the Council of Ministers approved the continuation of spending on ongoing projects funded by loans approved under the Federal General Budget Law for the fiscal year 2021.
The Council said in a statement received by "Economy News", that "the Council of Ministers agreed to continue disbursing the ongoing projects funded by loans approved under the Federal General Budget Law for the fiscal year / 2021, and the previous years according to the agreements signed in light of the allocations that will be included in the draft law." The federal general budget for the fiscal year 2022.
He added, "This comes in accordance with Article (13/Second) of the amended Federal Financial Management Law (6 of 2019).
He pointed out that "the text of the decision stated that the Ministry of Finance launched the funds related to the Chinese-Iraqi framework agreement, for which allocations are allocated within the Federal General Budget Law for the fiscal year / 2021, according to contracts concluded with the implementing agencies, and within its obligations to disburse operational advances, based on what it reported. The Ministry of Planning, in accordance with the directives of the Diwaniyah Order Committee (83 of 2021) to determine national priorities and criteria for selecting projects within the framework agreement for cooperation between the Iraqi and Chinese governments.
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