Parliamentary Finance is awaiting the arrival of the schedules for amendments to the 2024 budget ear

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[size=52]Parliamentary Finance is awaiting the arrival of the schedules for amendments to the 2024 budget early next February[/size]

[size=45]Baghdad/Zayer Ali[/size]
[size=45]The Parliamentary Finance Committee is awaiting the arrival of schedules for amendments to the 2024 budget from the government early next month. To be included and approved within the House of Representatives.[/size]
[size=45]The House of Representatives voted on the general financial budget for the years 2023, 2024, and 2025 last June, after a series of sessions that extended until the early hours of the morning, resulting in a tripartite budget, the highest in the history of Iraq, with a value of 198 trillion and 910 billion dinars.[/size]
[size=45]A member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, says, “A ministerial meeting was previously held between Finance Minister Taif Sami and the Ministries of Oil and Planning, to put the touches on the required amendments to the financial budget tables for the year 2024.”[/size]
[size=45]He added, “The budget schedules include changing the price of crude oil production costs, increasing electrical energy allocations, as well as increasing social welfare allocations, in addition to increasing the allocations of food ration items, and purchasing watermelon and wheat (...).” The member of the House of Representatives pointed out that “The Parliamentary Finance Committee is awaiting the arrival of the schedules of amendments to the budget from the government early next month, for inclusion and approval within the House of Representatives.”[/size]
[size=45]Al-Kadhimi pointed out that “there was a review of the 2023 budget regarding oil and non-oil revenues,” noting that “oil and non-oil revenues amounted to 137 trillion.”[/size]
[size=45]In turn, economic affairs researcher Nasser Al-Kanani says, “The application of the budget lies in revenues. When revenues are achieved, they are distributed to expenditures in the following manner into two types: The investment method and the other are salaries.”[/size]
[size=45]He added, “After estimating oil prices, forming provincial councils, and distributing funds, it will then be known whether there is a financial deficit in the budget or not.”[/size]
[size=45]Yesterday evening, Sunday, the Finance Committee in the House of Representatives discussed with the Ministry of Finance the completion of the schedules of the federal general budget for the fiscal year 2024. The Committee stated in a statement received by (Al-Mada), that the Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, hosted the Minister of Finance, Taif Sami, to discuss a number of issues. Important financial files. At the beginning of the hosting, the Chairman of the Committee welcomed the Minister of Finance, stressing the importance of holding the meeting to discuss financial issues, spending, and completing the schedules for the 2024 budget, in addition to the topics of the amounts added to purchase energy, compensation for employees and examiners, and the implementation of projects included in the government plan, adding that There are meetings and field visits to institutions to find out all the details. The statement added that the Finance Committee discussed the possibility of diversifying non-oil revenues and not relying on oil revenues, and the necessity of moving towards multiple revenues to achieve self-sufficiency and end the deficit, in addition to the financial amounts for the round for the year 2023.[/size]
[size=45]For her part, the Minister of Finance presented an explanation of the procedures for financing institutions and implementing the tripartite budget after its publication in the Official Gazette, as well as the mechanism for financing projects and opening accounts for state departments, explaining that financing projects is done according to allocations and listing requirements, stressing the importance of amending components and excesses, in coordination with the Ministry of Planning in addition to Territory revenue issue.[/size]
[size=45]The committee listened to the problems facing the ministry in preparing the budget schedules for the year 2024, and the plan prepared to bridge the deficit, pay off foreign debts, and finance institutions and governorate projects, and discussed developing appropriate solutions, and the ministry took its role in finding alternatives. The interventions of members of the Finance Committee included the allocations for governorate projects and how to Including it in the 2024 budget tables, in addition to the issue of customs tariffs, and the estimated price of oil according to estimates, with the non-oil revenues generated from the budget.[/size]
[size=45]At the conclusion of the meeting, the committee requested all data and details of the actual expenditure and deficit, through official letters, stressing the speedy preparation of the budget tables and sending them to the committee for review and voting on them, according to the statement.[/size]
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