Parliamentary Finance hopes to reach the current year's budget tables before the end of next week, 30 MARCH

  Parliamentary Finance hopes to reach the current year's budget tables before the end of next week

 Baghdad - Iraq Today:   2024/03/29 10:34 

The Parliamentary Finance Committee clarified the most important priority sectors in the 2024 budget, and while expressing its hope to send the budget tables to Parliament next week, it clarified the size of the amounts disbursed by the governorates last year.

The head of the committee, Atwan Al-Atwani, stated that "the Finance Committee and the House of Representatives support the governors, and this was embodied through the necessary financial allocations in the emergency support law and in the 2023 budget, which reached the financial allocation to the governorates with the reconstruction funds of the liberated areas up to 10 trillion," noting that "the number of projects reached about 5,500 projects in all governorates at a total cost of 49 trillion dinars."

He added that "the total spent of the 2023 budget of the 10 trillion is 3 trillion and 300 billion distributed by 1 trillion and 300 billion dinars as completed work arms and 2 trillion and 200 billion to finance projects until the end of 2023," noting that "our recent meeting with the governors came to embody the support of the Finance Committee and the House of Representatives for the governorates to study the obstacles that prevent the completion of these projects."

He stressed that "the Finance Committee is waiting for the budget tables from the government, and we expected the government to vote on them in its last meeting last Tuesday."

He pointed out that "there are two tracks that the budget takes in approving it, which is its approval by planning and financing by the Ministry of Finance," pointing out that "the 2024 budget will focus on the sectors of health, education, electric power and housing according to priority."

He stated that "the mechanism for distributing budget amounts between governorates is through population ratios and poverty," explaining that "in the 2023 budget, specific amounts were added to all governorates, regardless of the criteria adopted by the Ministry of Planning, feeling that the governorates need support and allocate sufficient funds to promote the services sector."

He pointed out that "the tables determine the course of spending and allocation in the budget," pointing out that "the House of Representatives has the right to make transfers between ministries in the budget law."

Al-Atwani expressed his hope that "next week will be the date for sending the budget to the House of Representatives," explaining that "there are some provinces and ministries that stop funding and are waiting for the approval of budget tables."