Iraq’s 2025 budget is expected to be presented to Parliament before March ends, following a collaborative agreement among the key financial bodies. The Ministry of Finance will submit budget tables for discussion and approval, adhering to the mandates of the 2023 General Budget Law, with expected completion before the end of Ramadan.
Iraq’s 2025 budget is set to be presented to Parliament before the conclusion of March, as indicated by a senior official from the government. Mudher Mohammad Saleh, the financial and Economic Advisor to the Prime Minister, affirmed the existence of a collaborative understanding among the Parliamentary Finance Committee, the Council of Ministers, and the Ministry of Finance regarding the budget details.
According to Saleh, Article 77/Second of the 2023 General Budget Law mandates that the Ministry of Finance submits annual budget schedules, inclusive of alterations to operational and capital expenditures. He stated, “The ministry will submit the 2025 tables to the Council of Ministers for discussion and approval before forwarding them to Parliament.”
Saleh also anticipated that the budget schedules would be forwarded to Parliament before the end of Ramadan, which culminates at the end of this month. An MP representing the Shiite Coordination Framework reinforced this timeline, revealing that the Ministry of Finance aims to present the budget tables to the Cabinet for discussion and voting within the week.
In conclusion, Iraq’s 2025 budget is on track for presentation to Parliament by the end of March, supported by a cooperation agreement among key governmental bodies. The formal submission of the budget schedules is crucial for subsequent discussions and approvals, ensuring compliance with the stipulated budgetary laws. The anticipated timeline coincides with the conclusion of the Ramadan month, marking a significant period for governmental financial planning.
Original Source: shafaq.com
