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A valid appearance: Budgeting instructions enhance revenue efficiency
Economical 2023/08/03
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Hussein Thagheb Al-Tamimi
Financial and economic experts described the delay in issuing budget instructions as a negative matter that affects all economic sectors, noting that the national labor market is waiting to be fed with the necessary funds to move business in the productive and service sectors.
At the same time, the advisor to the Prime Minister, Mazhar Muhammad Salih, believes that the instructions represent a road map for the implementation of the budget law, and that government agencies avoid problems of diligence in interpreting texts. Saleh said in a statement to "Al-Sabah": "The instructions for implementing the federal general budget for the years 2023-2025 are a map for the implementation of the draft law, as the executive authorities avoid the problems of jurisprudence in interpreting the text, especially since the provisions of the law may not be sufficient on their own."
He added, "The budget implementation instructions facilitate the disbursement or spending process in line with the state's financial discipline, whether operational or annual investment. These instructions also enhance the efficiency of revenue collection within the optimal investment."
For his part, researcher and academic Qasim Balshan Al-Tamimi told Al-Sabah that "the delay in issuing federal budget instructions has negative results, especially since the delay in approving the budget in itself was a problem. Today, not activating the budget after its approval is a serious matter that has clear and explicit effects on the scene."
He added, "In order to achieve a quantum leap in investment and revitalize services and reconstruction, the paragraphs and provisions of the tripartite budget must be activated on the ground," explaining that "reforms require revitalizing the private sector, which is still largely neglected."
Al-Tamimi continued, "If successive governments since 2003 had turned to the private sector as a vital and very important partner in revitalizing the country's economic reality, we would have witnessed radical and vital changes in the life of the citizen."
Economic expert Imad Al-Harish believes that "the federal general budget laws for previous years indicate clearly and explicitly that the Federal Minister of Finance must coordinate with the Federal Minister of Planning to issue the necessary instructions to facilitate the implementation of the provisions of the Federal General Budget Law of the Republic of Iraq, if approved." And he confirmed in a statement to "Al-Sabah" that "there is no justification for the delay that occurred by the Ministers of Finance and Planning," calling at the same time to "the need to expedite the completion of those instructions." The specialist in economic affairs, Hisham Khaled, explained that Iraq needs a high flow of funds paths that are available through the budget or investments, and as long as we are talking about the budget, the matter needs to reach its allocations to the labor market, which in turn addresses many problems that the country suffers from.
He added to "Al-Sabah" that "it is not easy for financial spending to take place in the country without the presence of instructions for the budget law that define frameworks and paths, so some are concerned as a result of the delay in issuing instructions that a wide segment awaits, as budget instructions are supposed to be issued before this time." . He pointed out that "allocations for investment projects have a clear impact on activating the movement of the labor market on a large scale, as the delay in issuing instructions leads in any case to a decrease in implementation rates, especially in the important sectors related to the life of the citizen, such as the oil and electricity sectors, so work must be done to raise the efficiency of implementation in These two sectors in particular, and the rest of the national economy in general.
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