AJ
NEXT WEEK: Submission of 2025 Budget: 
Reason for Delay: The delay is due to amendments needed following the House of Representatives' vote to change Article 12, Second C, concerning the region's oil.
Expected Submission: The budget tables are expected to be sent to the committee next week.
Budget Deficit: Parliamentary Finance Committee, mentioned that the 2025 budget deficit might be similar to the planned deficit for 2024.
Amendment Details: The amendment to Article 12, Second C, of the Triennial Budget Law for 2023-2025 led to the need for further changes in the budget tables.
Summary:
The Parliamentary Finance Committee has announced that the government has not yet forwarded the 2025 budget tables due to necessary amendments following a legislative change regarding the region's oil policy. The delay in sending these budget documents stems from the recent vote by the House of Representatives to amend Article 12, Second C, of the Triennial Budget Law. These amendments require modifications to the budget before it can be submitted, with an expectation that it will be sent next week. Also, indicated that the deficit for the 2025 budget would mirror the planned for 2024. This situation highlights the ongoing adjustments in Iraq's budgetary process influenced by regional oil policy changes.
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