Finance Committee after voting on the budget tables: There is financial abundance for the governorates and ministries
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Economy News - Baghdad
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Added 06/03/2024 - 6:28 PM
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Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani
Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani
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Economy News - Baghdad
The Parliamentary Finance Committee confirmed, on Monday, that the voted on 2024 budget schedules include financial abundance for the governorates and ministries, while expressing its hope for increased support for the private sector to enter into investment projects and not limit their implementation to the government.
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the budget came from the government and includes 156 trillion dinars in the current budget and 55 trillion dinars for the investment side distributed among ministries and governorates, focusing on lagging projects, with the need to include The remainder of the 2023 budget and emergency support allocations in full.”
He added, "There is financial abundance for the governorates and large allocations to the General Secretariat of the Council of Ministers and ministries such as construction, housing, electricity, planning, and other important ministries."
He continued, "We had a tendency to have support for the governorates in parallel with the financial obligations that the governorates contracted in the year 2023, and the committee indicated that 2 trillion dinars would be transferred to the governorates, distributed according to the population percentage. We aspire for the ministries and governorates to carry out this task and complete the requirements for including public projects." By 2023, the emergency support file will be completed, and there will be careful follow-up by Parliamentary Finance.”
He pointed out, "The report on the budget schedules for the year 2024, prepared by the Finance Committee, was signed and included a general description of the budget and what is related to the development process and the reality of achieving sustainable development, as well as what is related to the focus on creating strategic projects for the ministries. We hope that there will be support for the private sector to advance the reality of investment projects." Its burden does not remain on the government alone.”
The House of Representatives voted, this evening, Monday, on the amended schedules of the Federal General Budget Law No. 2024 (12) and its annexed schedules (A/B/C/D/E/F).
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the budget came from the government and includes 156 trillion dinars in the current budget and 55 trillion dinars for the investment side distributed among ministries and governorates, focusing on lagging projects, with the need to include The remainder of the 2023 budget and emergency support allocations in full.”
He added, "There is financial abundance for the governorates and large allocations to the General Secretariat of the Council of Ministers and ministries such as construction, housing, electricity, planning, and other important ministries."
He continued, "We had a tendency to have support for the governorates in parallel with the financial obligations that the governorates contracted in the year 2023, and the committee indicated that 2 trillion dinars would be transferred to the governorates, distributed according to the population percentage. We aspire for the ministries and governorates to carry out this task and complete the requirements for including public projects." By 2023, the emergency support file will be completed, and there will be careful follow-up by Parliamentary Finance.”
He pointed out, "The report on the budget schedules for the year 2024, prepared by the Finance Committee, was signed and included a general description of the budget and what is related to the development process and the reality of achieving sustainable development, as well as what is related to the focus on creating strategic projects for the ministries. We hope that there will be support for the private sector to advance the reality of investment projects." Its burden does not remain on the government alone.”
The House of Representatives voted, this evening, Monday, on the amended schedules of the Federal General Budget Law No. 2024 (12) and its annexed schedules (A/B/C/D/E/F).
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