Parliamentary Finance continues to study the budget and hosts Sami's spectrum
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Omar Abdul Latif
Yesterday, Wednesday, Prime Minister Muhammad Shia al-Sudani met with the head of the State of Law Coalition, Nuri Kamel al-Maliki, to expedite the approval of the general budget law. In order for the government to implement its development and service plans that are in the interest of citizens.
The Parliamentary Finance Committee held its meeting to read the articles and provisions of the Federal General Budget Law for the fiscal years 2023-2024-2025, and to form its subcommittees to conduct a comprehensive study on them, and decided to host Finance Minister Taif Sami next Saturday in this regard.
And the Prime Minister stressed, in a statement to his office, the importance of concerted efforts of all political forces. In order to support the government in its executive work, through which it aims to provide basic services and raise the standard of living for citizens.
Meanwhile, a statement by the Finance Committee stated that it “started its meeting with a discussion of the materials that include the issuance of a guarantee for the debt of the concluded contracts, provided that the contracts of the Ministry of Electricity are not in the form of (take or pay), and guarantees of support for the agricultural and industrial sectors for the establishment of projects, in addition to a file Making transfers between loan allocations, changing the beneficiary, and listening to proposals about them.
The committee read “Chapter Three regarding limiting the disbursement from the account appropriations for the expenses of employee compensation, service and commodity requirements, capital expenditures, other expenditures, special programs, social care, expenditures of projects approved within the general budget, and revenue generation, in addition to the mechanism for using the amounts approved for the emergency reserve to pay unexpected and emergency expenses in the event of occurrence, emphasizing the necessity of pruning the incoming texts and suggesting adding and amending articles in a way that guarantees the public interest of the country and improves production. The committee went on to say,
It is noteworthy that the committee is working on reviewing the texts contained in the budget law and the tables included through the formation of its sub-committees to expedite the completion of its report within a specified period. The Finance Committee aims to study the items of the general budget so that it includes many different service aspects, including the analysis of government spending, financial challenges, and the social and economic budget, according to the implementation of the government program.
In addition, committee member Ali Moanes told Al-Sabah: The salaries of the three presidencies, special grades, and advisors constitute only 1.5 percent of the budget and cannot reduce the deficit.
Mu'nis suggested that the deficit be reduced by increasing the very neglected collection, and the possibility of squeezing unnecessary expenditures and non-essential programmes, because the deficit is very large and represents a challenge that must be faced.
Moanes added that meetings are continuing to meet with executive officials to find out the details of their budgets, noting that the decision to reduce the deficit has not been taken yet.
Moanes added that the committee is awaiting the outcome of the political agreements, noting that the committee's meetings continue with 3 sessions per day.
Edited by: Abdul Rahman Ibrahim
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