3 days and the legal cover for the exchange ends in Iraq.. the full story of the possibility of “sto

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[size=52]3 days and the legal cover for the exchange ends in Iraq.. the full story of the possibility of “stopping” salaries[/size]

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[size=45]There are only 3 days left, and the year 2022 ends, and with it the implementation of Article 13 of the Financial Management Law, which made it possible to spend during the current year according to the 1/12 system, depending on the budget of last year 2021.[/size]
[size=45]The application of the 1/12 system is not possible for two consecutive years![/size]
[size=45]With the end of this period and the start of a new year 2023, the inauguration of the exchange in a new year without a budget for two consecutive years, and the approval of the exchange according to the 1/12 system on the budget of the beginning of the year at that time 2021, will be unprecedented, which opened the door to concerns and analyzes about the inability of the government to spend the salaries of employees. In the new year, due to the lack of a legal cover for the disbursement, as experts and officials say that it is not possible to work according to the 1/12 system for two consecutive years, as the last year 2022 did not witness the approval of a budget, so it is not possible to spend in 2023 according to the 1/12 system on the basis of the 2021 budget expenses.[/size]
[size=45]Parliament Speaker Muhammad al-Halbousi was the most prominent person who spoke about this matter in his capacity as the head of the legislative authority, as he stressed in the days when there was a political blockage, that the failure to form a government and the delay in the budget would make the government at the time unable to pay the salaries of employees in 2023.[/size]
[size=45]Conditional possibility[/size]
[size=45]For his part, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, says in previous statements that “in the event that the budget is not approved due to the disruption of Parliament, then the Federal Court is referred to to allow the continuation of the application of the Financial Management Law by spending 1/12 and for more than a year based on what has been achieved of current expenses.” Actual in the 2021 budget.[/size]
[size=45]However, he affirmed, on the other hand, that “the Minister of Finance settled the controversy in this regard, noting that it is possible to continue spending at a rate of 1/12 per month of the actual continuous expenditures that were achieved through the implementation of the 2021 budget, when the country enters a second fiscal year, specifically in 2023, and without the availability of a budget law.” public in the year 2022.[/size]
[size=45]Delaying the budget is a “chaos factor”[/size]
[size=45]In a context that reinforces fears that employees’ salaries will not be paid next year, economic analyst Karim El-Helou describes today, Wednesday, the delay in approving the 2023 budget as “a factor for all the chaos in the country.”[/size]
[size=45]Al-Helou said, in a televised statement, followed by (Baghdad Today), that “the delay in the budget is the main factor for all the chaos we live in, and it was better for parliament to vote on the budget before taking their vacation.”[/size]
[size=45]Will Iraq enter the “financial vacuum”?[/size]
[size=45]For his part, Jamal Cougar, a member of the Finance Committee, says, “The news that talks about Iraq entering a “financial vacuum” after 3 days, due to the failure to legislate the 2023 budget law, is incorrect.”[/size]
[size=45]And he explained that “there is no such situation that Iraq may go through, even without the budget legislation,” noting that “the Iraqi government has the authority to spend according to 1/12, and this is what the Ministry of Finance will work on until the budget law is legislated during the coming period, and there will be no void.” My money and salaries will be distributed on time without any delay, as some promote this to create a state of intimidation.”[/size]
[size=45]Edited by: A.A[/size]
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