A government advisor announces the entry into force of the 2024 budget , 2 JAN

  A government advisor announces the entry into force of the 2024 budget

1/1/2024

The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Monday, that the 2024 budget has entered into force.

Saleh said {to Al-Furat News} that: “The federal general budget issued pursuant to Law No. 13 of 2023 is a tripartite budget, that is, it was enacted for three years, and therefore the entry into the new fiscal year 2024 has been automatic from today.”

He explained, "This is based on the adoption of the federal general budget for the year 2024, and the 12/1 exchange rule does not currently exist in accordance with the amended Financial Management Law No. 6 of 2019 until the beginning of the year 2026 if the financial situation at that time requires its application."

Saleh added, "This rule, i.e. disbursement 12/1, also depends on the timing of the 2026 budget legislation."

From: Raghad Dahham   LINK