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After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
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Baghdad Today - Baghdad
Today, Wednesday (March 27, 2024), the Minister of Planning, Muhammad Tamim, revealed that the budget deficit has risen to 80 trillion dinars.
A statement from the office of the Chairman of the Finance Committee, received by Baghdad Today, stated that “the committee, headed by Atwan Al-Atwani, hosted today the Deputy Prime Minister and Minister of Planning, Muhammad Tamim, to discuss ways to overcome obstacles to listing and financing projects, and to discuss the reasons for the delay in sending the 2024 budget schedules to the committee.”
Al-Atwani stressed during the meeting that, “The goal of approving the tripartite budget was to give the government flexibility to implement its program.”
He pointed out, “Yesterday, in its meeting with the governors, the committee discussed simplifying the procedures for listing and financing service and strategic projects undertaken by local governments, and therefore today it is reviewing the proposals and proposals of the governors to the Minister of Planning regarding ways to overcome the obstacles to listing and financing projects.”
Al-Atwani asked the Minister of Planning about the reasons for the government’s delay in sending the 2024 budget schedules, and the latter replied, “The government committee responsible for reviewing and auditing those schedules is working to reduce the deficit of 80 trillion dinars because it is considered a large deficit.”
The Chairman of the Parliamentary Finance Committee confirmed, “The committee is looking forward to sending the 2024 budget schedules as quickly as possible, because its continued delay has greater negative repercussions on the financing and implementation of projects, in addition to its impact on the productive sectors.”
Al-Atwani revealed that "the total budget for 2024 amounted to about 228 trillion dinars."
The Minister of Planning said that his ministry relies on an advanced electronic program to fulfill the project listing requirements, and that it has come a long way in terms of simplifying procedures.
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