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Finance releases the necessary allocations for workloads for investment projects
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[rtl]Baghdad / NINA / The Ministry of Finance, through the Accounting Department, launched the necessary allocations for work funds for investment projects implemented in the governorates without delay in accordance with the standards required by the exchange doors.
The Ministry stated in a statement that the disbursement doors are as follows:
First: The work cycles completed until the end of June 2023 were launched in accordance with the Financial Management Law.
Second: The delay in listing investment projects by the governorates and the Ministry of Planning for the year 2023 until August led to a delay in the release of funds.
Third: There are projects that were funded more than the allocated working hours by the Ministry of Planning, and the components were not included by the governorate and the Ministry of Planning despite their funding from the Accounting Department, which led to an overrun that requires treatment by the governorate and planning so that the ceilings are met in 2024 when they are included. Of correct planning.
The Ministry added in its statement: “There are cases of delay by the governorates in listing the additions that were received after the end of the year 2023, and some have not been received until today, and in the event of a lack of funding, they must be marked for the year 2024.”
The statement continued, “According to Article 77 Second of the Budget Law for the year 2023, the governorate is required to notify its projects for the year 2024 with the Ministry of Planning, approve them, and send them to Finance for notation and consideration of financing, and there is no delay by Finance without all governorates addressing what was mentioned above in coordination.” With planning.”/ End H[/rtl]
The Ministry stated in a statement that the disbursement doors are as follows:
First: The work cycles completed until the end of June 2023 were launched in accordance with the Financial Management Law.
Second: The delay in listing investment projects by the governorates and the Ministry of Planning for the year 2023 until August led to a delay in the release of funds.
Third: There are projects that were funded more than the allocated working hours by the Ministry of Planning, and the components were not included by the governorate and the Ministry of Planning despite their funding from the Accounting Department, which led to an overrun that requires treatment by the governorate and planning so that the ceilings are met in 2024 when they are included. Of correct planning.
The Ministry added in its statement: “There are cases of delay by the governorates in listing the additions that were received after the end of the year 2023, and some have not been received until today, and in the event of a lack of funding, they must be marked for the year 2024.”
The statement continued, “According to Article 77 Second of the Budget Law for the year 2023, the governorate is required to notify its projects for the year 2024 with the Ministry of Planning, approve them, and send them to Finance for notation and consideration of financing, and there is no delay by Finance without all governorates addressing what was mentioned above in coordination.” With planning.”/ End H[/rtl]
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