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[size=36]A new parliamentary statement regarding the budget[/size]
political| 09:12 - 05/15/2023
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Baghdad - Mawazine News,
a member of the Parliamentary Finance Committee, Jamal Cougar, said, on Monday, that the budget deficit is planned and not real, because it is a financial plan for one year.
Cougar explained, "There are two directions within the committee; the first is with the budget not being prejudiced in general and going towards achieving justice and alleviating grievances between the governorates and ministries through transfers, while the second approach is with there being a reduction in incapacity and a transfer procedure."
Cougar believes that "the amount of the budget remains the same and going to the option of transfers, according to the reasons he specified by saying: "All practical indicators say that oil prices this year will be between 70 and 80 dollars, and therefore our resources will remain the same, and the second indicator is that - through Our study of all previous budgets - the government’s completion rate did not reach, and the government’s spending did not exceed 80%, and therefore if implementation does not exceed this matter, 20% of the budget will reduce the real deficit, and originally there will be no real deficit,” explaining that “the approval of the budget was long overdue. And the government will not be able to spend all the budget during
the remaining period.Regarding the deficit in the next two years, this budget will be a budget for one year in terms of schedules, and as schedules, the government is mandated to provide schedules for future budgets, and the government will not have a budget in 2024 without sending schedules to it, and the same applies to the 2025 budget.
He added, “The Finance Committee, in order to avoid the planned deficit in the budget for the coming years, will go to the option of adding two restrictions to it. The first is that this deficit is related to the 2023 budget, and the second entry is that the government must send the next year’s budget schedules at the end of it, and the same applies to the 2025 budget.” .
a member of the Parliamentary Finance Committee, Jamal Cougar, said, on Monday, that the budget deficit is planned and not real, because it is a financial plan for one year.
Cougar explained, "There are two directions within the committee; the first is with the budget not being prejudiced in general and going towards achieving justice and alleviating grievances between the governorates and ministries through transfers, while the second approach is with there being a reduction in incapacity and a transfer procedure."
Cougar believes that "the amount of the budget remains the same and going to the option of transfers, according to the reasons he specified by saying: "All practical indicators say that oil prices this year will be between 70 and 80 dollars, and therefore our resources will remain the same, and the second indicator is that - through Our study of all previous budgets - the government’s completion rate did not reach, and the government’s spending did not exceed 80%, and therefore if implementation does not exceed this matter, 20% of the budget will reduce the real deficit, and originally there will be no real deficit,” explaining that “the approval of the budget was long overdue. And the government will not be able to spend all the budget during
the remaining period.Regarding the deficit in the next two years, this budget will be a budget for one year in terms of schedules, and as schedules, the government is mandated to provide schedules for future budgets, and the government will not have a budget in 2024 without sending schedules to it, and the same applies to the 2025 budget.
He added, “The Finance Committee, in order to avoid the planned deficit in the budget for the coming years, will go to the option of adding two restrictions to it. The first is that this deficit is related to the 2023 budget, and the second entry is that the government must send the next year’s budget schedules at the end of it, and the same applies to the 2025 budget.” .
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