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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    When does the budget enter into legislation and implementation at the same time? The economic adviso

    Rocky
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    When does the budget enter into legislation and implementation at the same time? The economic adviso Empty When does the budget enter into legislation and implementation at the same time? The economic adviso

    Post by Rocky Mon Mar 13, 2023 8:40 am

    [size=30]When does the budget enter into legislation and implementation at the same time? The economic advisor answers
    [ltr]2023.03.13 - 09:14[/ltr]
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    Baghdad - Nas  
    Mazhar Muhammad Salih, the economic advisor to the Prime Minister, suggested that the country's general budget would enter into legislation and implementation at the same time.  
      
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    Saleh said in a statement to the official newspaper, followed by “Nass” (March 13, 2023), that “given that the country entered the end of the first quarter of the year 2023, and after the end of the fiscal year 2022, which was devoid of a public budget law, and contented itself with the financial management law and the emergency law for food security as an alternative.” Therefore, it has become certain that the submission of the draft federal budget law for the year 2023 will be expedited by presenting it at a meeting of the Council of Ministers for approval in principle in the coming days and sending it for legislation to the House of Representatives.  
      
    And Saleh suggested that “next April will witness the entry of the country’s general budget into legislation and implementation at the same time.”  
      
    For his part, Adviser to the Prime Minister Diaa al-Nasseri said, "The budget for the current year will be approved and will see the light in a special session of the Council of Ministers to be held (today, Monday)," adding that "the budget for the current year is expected to be a smart budget and a project budget."  
      
    For his part, the former director of the Office of Financial Supervision, Salah Nuri, confirmed that “the features and data of the budget indicate that it will be more operational, due to the large number of appointments it included, the confirmation of contracts and other holders of higher degrees, and the confirmation of the first.”  
      
    He pointed out that “even if an investment budget is issued in the country, implementation is always low, as over many years its investment implementation does not exceed 40 percent of the original allocations, and what matters to us is implementation even if the budget was issued with a deficit.”  
      
    In addition, a member of the Parliamentary Finance Committee, Mueen Al-Kadhimi, said: “The government of Prime Minister Muhammad Shia’a Al-Sudani made appointments that represented the transfer of contractors to permanent staffing,” noting that “the draft federal budget law for the year 2023 will be devoid of new job grades, with the exception of the degrees of deletion and replacement that It will be available after retiring a large number of employees during the current year,” according to the newspaper.  
      
    Yesterday, Sunday, the Ministry of Finance completed the draft federal budget law for the current year 2023 and sent it to the Council of Ministers for the purpose of holding a special session to vote on it, at a time when Diaa Al-Nasseri, Advisor to the Prime Minister, announced that the Council will hold a special session to discuss the budget today, Monday, and send it after voting to the Council. deputies.  
      
    Finance Minister Taif Sami said, in a statement: “The draft federal budget law for the year 2023 was completed and sent to the Council of Ministers for the purpose of discussing and voting on it,” noting, “The completion of preparing the project comes under exceptional circumstances in the global economy, and it came to deal with With the effects of international, regional and local economic challenges. She added, "The next draft budget will focus on development priorities, support for the social protection network, and the most needy groups," noting that "providing a safe cover for strategic and sustainable development projects."  
      
    She emphasized, "We have worked throughout the past months of the new government's life to extract a budget that responds to the needs of the Iraqi economy and is consistent with the plans of the government curriculum and the package of financial and economic reforms that the ministry is working to achieve."  
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