Wednesday, July 31, 2024

Government Advisor: Adoption of budget schedules does not affect financial obligations, 31 July

 The monetary guide to the Head of the state, Mazhar Muhammad Salih, affirmed today, Tuesday, that the spending plan plans have turned into a reality, and giving directions is a procedural matter that doesn’t influence monetary commitments.

Salih said, in a meeting followed , that “the legitimate reason for the ongoing monetary year 2024 is a matter that has been enacted and endorsed essentially, in light of the arrangements of the government general financial plan for the years 2023, 2025, 2024 gave by Regulation No. 13 of 2023, which was distributed on June 26, 2023 in the Authority Paper.”

He stated, “This was achieved in the fiscal year 2024,” noting that “what is stipulated in Article Two / 77 of the law includes the executive authority submitting the financial schedules for the two fiscal years 2024, 2025 to enable the House of Representatives to approve them sequentially.”

“The three-year federal general budget was implemented for the first time in the country, which was based on one of the articles included in the provisions of the Federal Financial Management Law No. 6 of 2019, as amended, which permitted the implementation of a three-year general budget-based financial plan.”

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