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Economy News - Baghdad
A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Sunday, that the committee is conducting an in-depth study in order to reduce the financial deficit in the budget.
Cougar said, "After hosting the Minister of Planning and the remarks made by the minister, it became clear to us that the investment budget should be kept as it is and it should - if there is a reduction - be on the operational side, and here salaries will not be manipulated at all, but rather in other aspects."
He added, "The three-year budget was also discussed with the Minister of Planning, and the picture of the budget for three years became clear only in the paragraph of not stopping and waiting for the government and going towards spending 1/12 after the beginning of the year," noting that "nevertheless, the government is obligated to send the 2024 budget schedules at the end of the year." This year, and the 2025 budget schedule at the end of next year.
Cougar indicated, according to the official newspaper, that "the minister made it clear that the ministry submitted these schedules to the government, but the government did not attach them to the draft budget."
He went on to say: "As for the share of the region, a rate of 12.67% was adopted until the general census scheduled for this year, after which a settlement is made whether the percentage is less or more."
And he continued, “The Minister of Planning indicated that 400 billion dinars have been allocated for the purpose of census work to find out the shares of all governorates,” noting that “inside the budget there is a paragraph called allocation for conducting a general census, and if the census is done, there will be a statement of percentages for all governorates, so he demanded Minister not to change or manipulate this amount.
Cougar confirmed, "Since last Wednesday, the Finance Committee has begun to amend the paragraphs and articles within the federal budget, in accordance with its constitutional powers."
A member of the Parliamentary Finance Committee explained, "The committee is conducting an in-depth study for the purpose of reducing the fiscal deficit in the federal budget and bringing it to reasonable numbers."
Added 04/30/2023 - 9:20 AM
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