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Parliamentary Finance urges accelerating the approval of the 2023 draft budget
Iraq 01/30/2023
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Baghdad: Muhannad Abdel Wahhab
The Parliamentary Finance Committee considered the reason for the government’s delay in approving the 2023 draft budget to the desire of Prime Minister Muhammad al-Sudani to ensure that the federal budget matches the government program, especially in the investment aspect.
Committee member Mueen Al-Kadhimi said: "The Ministries of Finance and Planning completed the budget a month ago from now, but the postponement of its referral to Parliament came with the Prime Minister's directive for his desire for the budget to be compatible with his government program to meet actual needs, especially the investment aspect in projects implemented by the governorates and ministries." "The Council of Ministers' approval of the draft law and its transfer to the House of Representatives at the end of next week."
Al-Kazemi added, in an interview with "Al-Sabah", that "Parliament is completing the election of a speaker, first and second deputy for many of its committees, including the Finance Committee, which will assume responsibility for reviewing the draft law and presenting it for the first and second reading, amending and approving it during the second month," noting that "the previous eternal differences between The Kurdistan region and the federal government revolve around exporting oil outside the system of the Federal Ministry of Oil, without the control and supervision of the “SOMO” company responsible for oil marketing, in addition to the revenues of border crossings and taxes. .
He continued, "There are continuous dialogues that led to good results between the Kurdistan region and the federal government, but the decision of the Federal Court somewhat disturbed the atmosphere between the Kurdistan region and Baghdad."
And regarding the government's actions regarding the rise in dollar prices, he called on the Central Bank to "take measures regarding bank transfers outside Iraq for the benefit of importing merchants, in a way that contributes to putting them in a streamlined and simple manner."
The representative of the Finance Committee saw "the possibility of easing the tax on merchants and customs to encourage them to enter the currency window and obtain what they need away from the parallel prices on the black market that lead to a rise in the exchange rate," noting that "there are some obstacles by the US Federal Bank that does not release Transfers are only after being audited, which led to the rejection of some transfers and their return to the Central Bank, which contributed to the scarcity of the dollar in the Iraqi market and the rise in its prices as a result of the rising demand for hard currency.
Edited by: Ali Abdel-Khalek
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