19:27 - 2023-01-04
Today, Wednesday, the Parliamentary Committee on Economy, Industry and Trade clarified the negative effects of the delay in approving the federal budget, while urging the political blocs to expedite its approval and include important projects in it.
Committee member Sardi Al-Mahyawy said, "The laws and alternative solutions to the federal budget are temporary solutions and remedies for the conduct of economic life in Iraq, such as the financial management law and its other applications or the emergency support for food security and development law." Al-Mihyawi added, "One of the most important negatives and effects of the delay in approving the budget is disrupting the approval of new and suspended government investment projects from previous years, which leads to a delay in economic growth or urban development and thus the clear negative impact on the life and livelihood of the Iraqi individual, and that extends to the coming years." Due to the accumulation of unfinished projects and the delay in their implementation.
He urged all political blocs to "accelerate the approval of the federal budget, and the need to include important projects that serve society and the country in general."
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