The absence of three budgets hinders the presentation of the final account since 2012

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[size=52]The absence of three budgets hinders the presentation of the final account since 2012[/size]

[size=45]After the vote on the Food Security Law, which sparked widespread controversy in light of the political impasse and the absence of a budget, a government advisor stressed the need to convert the final accounts into a law to preserve public money.[/size]
[size=45]On the other hand, specialists stressed the necessity of investing the surplus funds from oil revenues and their statistics, asking: Where did the funds go since the dissolution of Parliament in 2021 until today?[/size]
[size=45]The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, “The final accounts must be turned into a law, so that governments are obligated to submit them, since governments have not submitted final accounts since 2012 until now,” noting that, “the first obstacle to not submitting final accounts is That there are years without a budget in 2014 and 2020.”[/size]
[size=45]Experts rule out that the current year will witness the adoption of the budget law, and therefore the total unapproved budgets will be three.[/size]
[size=45]Saleh added, "The indicators of the emergency support law for food security have important priorities, and one of these priorities is that it touches the free lecturers and the electrical sector, whether at the level of investment or operation, and I think that emergency support will give public finances flexibility in spending."[/size]
[size=45]He stressed that there is "no alternative to the general budget, and planning for the financial situation requires a single document and is not issued with documents or laws here and there, but the political circumstance is the ruler, in addition to the fact that the political reality requires a new government that presents projects for four years under the constitution."[/size]
[size=45]Saleh stressed the “importance of the role of the oversight and internal audit bodies in ministries and government institutions by assuming professional, functional and national responsibility in addressing phenomena that violate public funds and administrative penetration. Being early warning devices in protecting the Iraqi state institutions and consolidating the principles of their performance.”[/size]
[size=45]Last Wednesday, the House of Representatives approved the “emergency support” law, which aims to legislate emergency payments, especially in the electricity sector, and achieve “food security”, in light of the fact that the 2022 budget has not yet been approved due to the political crisis.[/size]
[size=45]The total value of the law amounts to 25 trillion dinars (about 17 billion dollars), of which 4 trillion dinars (about two billion and 746 million dollars) were allocated to electricity “to pay off external and import debts and to purchase gas and energy.”[/size]
[size=45]In turn, economic expert Salam Sumaisem says that "the food security law depends on oil revenues, because we do not have another financial resource."[/size]
[size=45]And global oil prices recorded, yesterday evening, Tuesday, a new high, touching 125 dollars a barrel.[/size]
[size=45]And she continued, "It was supposed that the law's name would be (an emergency plan for humanitarian needs) in order to address the imbalance that arose due to the absence of the concept of food security."[/size]
[size=45]Sumaisem considered, "Food security is achieved when all individuals have sufficient physical, social and economic access to food that is safe and nutritious, which meets their food needs and what they prefer from food for an active and healthy life, and this was reported by the Food and Agriculture Foundation."[/size]
[size=45]And she spoke about the lack of "political will and efficient authority for accountability and showing the final accounts, if we do not know where the oil surpluses that will exceed the value of the Food Security Law will go, such as the money that went since the dissolution of Parliament in October 2021 until today."[/size]
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