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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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    Is there a deficit in the 2024 budget? Parliamentary Finance answers

    Rocky
    Rocky
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    Is there a deficit in the 2024 budget? Parliamentary Finance answers Empty Is there a deficit in the 2024 budget? Parliamentary Finance answers

    Post by Rocky Sun 24 Dec 2023, 7:12 am

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    [size=52]Is there a deficit in the 2024 budget? Parliamentary Finance answers[/size]
    • Today 14:25




    Information/Baghdad...
    The Parliamentary Finance Committee confirmed, on Sunday, that next year’s budget will be implemented at the beginning of the first month of the new year, while indicating that the 2024 budget will be free of deficit for two reasons. 
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    Committee member MP Moeen Al-Kadhimi said in a statement to Al-Maalouma, “The 2024 budget will be initiated by the Ministry of Finance to disburse funds to the ministries and governorates during the month of January of next year 2024.”
    Al-Kadhimi added, “If there is an amendment, it will be presented by the government to Parliament on numbers and not on the 78 articles of the tripartite budget approved by the House of Representatives.”
    He pointed out that "the Finance Committee will study and submit its recommendation to the House of Representatives for consideration and approval within a short period and does not require long discussions."
    Al-Kadhimi stated, “Next year’s budget will be free of deficit due to the addition of retained and surplus amounts due to the rise in the price of oil relative to what was specified in the budget, which is $70 per barrel.”
    The House of Representatives approved, on Monday, June 12, 2023, after long deliberations between the government and parliament members that extended for months, the financial budget law for the three years 2023, 2024, and 2025, as the budget approved more expenditures and investments as a direct result of the increase in oil revenues, which constitute 90% of the country’s revenues. Ended/25pm
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      Current date/time is Sat 25 May 2024, 2:40 pm