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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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    In detail.. Al-Sudani's advisor reveals the reason for not implementing the budget law: it may requi

    Rocky
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    In detail.. Al-Sudani's advisor reveals the reason for not implementing the budget law: it may requi Empty In detail.. Al-Sudani's advisor reveals the reason for not implementing the budget law: it may requi

    Post by Rocky Sun 09 Jul 2023, 8:34 am

    In detail.. Al-Sudani's advisor reveals the reason for not implementing the budget law: it may require a "state order"



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    2023-07-09 02:09
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    Shafaq News/ Today, Sunday, the financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the reason why the budget law has not been implemented until now, despite its publication in the Official Gazette (Al-Waqa'eq).



    Salih told Shafaq News agency, "The federal general budget for the three years 2023-2025 begins to come into effect practically since the aforementioned law was published in the Official Gazette of the Republic of Iraq, but there are two factors affecting the start of implementation immediately, the first: that the Ministries of Finance and Planning issue implementation instructions The general budget law for the current fiscal year, which will extend until the year 2025 on the one hand, and on the other hand, it turns to an issue through which the government may wait for a solution to the problematic of the paragraphs that were appealed to the Federal Court and which relate to the articles added by the House of Representatives to the previously approved draft budget law From the Council of Ministers and submitted to Parliament for legislation.
    He added, "The added legal issues and materials that are related to the issue of separation of powers or adding articles that constitute a spending burden on the public budget and fall outside the powers specified by the constitution for the House of Representatives when preparing the legislation of the budget law, noting that the power of the House of Representatives to amend except for legislation are (reducing expenditures and transferring between chapters and chapters).
    And that "the government is currently awaiting the implementation of the budget law, it may obtain (a state order) from the Federal Court to suspend the articles or legal texts contested in the budget law in order to be frozen or suspended without implementation and proceed with implementation in the rest of the paragraphs until the issuance of the final decision of the Federal Court." And for this reason, I see that these factors are the essential constraints awaiting the implementation of the General Budget Law so far, especially after the law was issued in the Official Gazette.
    On Monday (June 26), the official Iraqi Gazette published by the Ministry of Justice published the text of the general budget law for the years (2023, 2024, and 2025).
    And the Iraqi parliament voted, on June 12, on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.
    The value of the current year budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.
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