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A parliamentary proposal to prepare a budget for three years.. Find out the details
[You must be registered and logged in to see this link.]November 6, 2022
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Today, Sunday, independent MP Hamid Al-Maliki revealed a parliamentary proposal to prepare a medium-term budget for a period of three years.
Al-Maliki said in a press conference held in the House of Representatives: “There is a parliamentary proposal submitted to the Ministry of Planning and the Parliamentary Finance Committee to prepare a medium-term budget for a period of three years, based on the provisions of Article 4 Second of the Financial Management Law No. 6 of 2019.”
He added, "The proposal provides for the Federal Ministry of Finance to prepare a medium-term budget for a period of three years, to be submitted once and legislated, and the first year is obligatory and for the Council of Ministers, based on a proposal from the Ministries of Finance and Planning to amend it for the second and third years and with the approval of the House of Representatives."
He continued, "We asked the above authorities to consider this proposal, which is based on realistic justifications and with the aim of developing a financial plan for the state with an average time ceiling," stressing the need to "implement programs and projects and estimate revenues and current and investment expenditures."
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