11:33 - 2023-10-12
The Parliamentary Finance Committee explained the reasons for the delay in launching the 2023 budget, despite two months having passed since the publication of instructions for its implementation and its arrival to the ministries and governorates.
Committee member Moeen Al-Kadhimi said that last week, the Minister of Planning and the governors were hosted to discuss the delay in launching budget funding and distributing it to the ministries.
He added that the Federal Ministry of Finance was supposed to begin releasing the budget to the ministries during the next week, indicating that the ministry does not have sufficient financial liquidity to cover the launch of the budget.
He pointed out that there is a problem facing the ministry due to problems related to purchasing the dollar and the fluctuation of the exchange rate, pointing out that the Iraqi currency is stored in homes and citizens are afraid of the fluctuation of the exchange rate.
A member of the Parliamentary Finance Committee confirmed that the committee will host the Federal Minister of Finance and the Regional Minister of Finance, to find out all the budget problems in general.
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