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Parliament hosts the Ministers of Finance and Planning
Iraq 05/28/2024
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Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, stressed yesterday, Monday, that the government and Parliament are one team working together to achieve the public interest, explaining that the increase in the 2024 budget comes to meet the needs of the basic sectors, in addition to financial allocations to implement major and important projects. .
Tamim explained, in a statement following the Finance Committee meeting with the Ministers of Planning and Finance, that “the government is paying great attention to completing the implementation of lagging projects and fulfilling the obligations of governorate projects,” pointing to “developing a plan to increase non-oil revenues.”
The Minister of Planning indicated that “all the required amounts have been allocated to the Emergency Support for Food Security and Development Law.”
In turn, Finance Minister Taif Sami explained, “The mechanism for financing projects and disbursing amounts included sources of financing projects, from oil and non-oil revenues, and the mechanism for distributing amounts between various ministries and spending units, in addition to how to finance the region.”
She stressed “the government’s commitment to implementing the Financial Management Law. In addition, the Minister addressed the issue of oil and non-oil revenues, and the importance of cooperation between the government and the House of Representatives to ensure effective implementation of the budget and achieve the best results for citizens.”
It is noteworthy that the Parliamentary Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, held an expanded meeting with the Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, and the Minister of Finance, Taif Sami, in the presence of the Prime Minister’s advisors, Abdul Karim Al-Faisal, Kazem Al-Hassani, and Muhammad Sahib Al-Daraji, to discuss and analyze the data of the tables for the Federal General Budget Law. For the fiscal year 2024.
It also discussed a number of topics, the most important of which is the analysis of spreadsheet data and the mechanism through which financial allocations were made, whether current or investment, and the reasons for increasing the current budget amounts, in addition to the spending policy, the mechanism for disbursing the amounts, ways to fill the deficit, and how to increase non-oil revenues, as well as About the allocations file for the Emergency Support for Food Security and Development Law.
The committee stressed the commitment of the executive authorities to finance ongoing projects in all governorates, asking about the legal basis that authorizes governors to contract regarding the implementation of projects, and whether the budget texts are in effect for the three years, as they requested all details in official letters for review.
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