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Baghdad / Obelisk: Analyzes believe that the delay in approving the 2022 budget, caused the resignation of Finance Minister Ali Allawi, without warning.
The minister's resignation was a shock to the political circles, especially since he had not previously indicated his intention to resign from the position.
The political differences left by the recent elections hindered the formation of the new government, at a time when laws prevented caretaker governments from sending legislation to Parliament for approval, which kept the fate of the budget law unknown.
And Prime Minister Mustafa Al-Kazemi said during the cabinet session that a government cannot live without a budget, two years have passed without a budget, which some considered to be proof that Allawi resigned because of the budget.
Private sources say to the Obelisk, Minister Allawi is discontented with the impact of political conflicts on the government's work and its inability to implement any financial reform because of that, as well as the lack of legislation for the country's general budget so far, despite the passage of 8 months since the beginning of the year due to political conflicts.
It did not take practical steps to implement the economic reform paper known as the White Paper because of the political rivalry.
On the other hand, the resignation comes days after the food security law was disbursed.
Ali Allawi, for his part, objected to the launch of the law's assignments, which may be the reason for his resignation from the position.
At a time when the followers of the Sadrist movement are holding a sit-in in the Green Zone, disrupting Parliament, which means that the allocations of the Food Security Law are not secured due to the absence of a parliament that is held accountable and follows up on the disbursement of allocations.
The fact that Iraq remains without a financial budget is quickly reflected in revenues, as the delay in approving the budget causes wastage of public money, and a lack of revenues due to the failure to implement the government’s financial plan represented by the budget, which will necessarily include measures to maximize financial resources and achieve maximum revenues. According to the experts.
As for the other harm, it is the expenses that are always planned according to the revenues, and since the imbalance and shortage of revenues will inevitably occur, this will have a definite reflection on the expenses, and the lack of revenues will lead to the reduction of the projects planned by the government according to the citizens’ priorities and needs.
The expert in economic affairs, Abdul Hassan Al-Shammari, says that this delay will hit the investment sector, and will contribute to the spread of unemployment among young people, and will even raise poverty indicators to higher levels.
Economist Ahmed Abu Abatin warned that this delay will have serious repercussions, as it necessarily leads to delays in the completion of planned projects.
Twitter activist Rasha Al-Ezzo said that the delay in sending the draft budget also results in the delay in sending the final statements of the 2021 budget, which the government is supposed to send as soon as it finishes sending the 2022 draft budget to Parliament.
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