, FRANK26: "BUDGET TABLES TO THE COM... THEY WILL NOT MAKE IT TO PARLIAMENT". 31 MARCH

 KTFA

FRANK26: "BUDGET TABLES TO THE COM... THEY WILL NOT MAKE IT TO PARLIAMENT"......F26

Al-Sudani's advisor speaks to Al-Jabal about the reason for the delay in sending the 2025 budget tables and the date of their arrival to Parliament.

 

3/27/2025

 

On Wednesday, March 26, 2025, Mazhar Mohammed Saleh, the financial and economic advisor to the Iraqi Prime Minister, revealed the reason for the delay in submitting the 2025 budget tables to the Iraqi Parliament, while predicting when they will reach Parliament.

 

Saleh told Al-Jabal platform that the reason for the delay in sending the budget tables to the Iraqi Parliament is the legislative agreement on the amendment made to the Federal General Budget Law No. 13 of 2023 (the Triennial Budget) by the Parliament on February 2 of this year, which concerned Article 12 of the budget, particularly those related to the region’s oil contracts. The amendment was made and published in the Official Gazette.

 

Saleh pointed out that "the amendment aims to appoint a specialized international technical advisory body to calculate the fair estimated costs of producing and transporting oil in the Kurdistan Region and for each field separately, to preserve national wealth, enhance actual federal revenues, and enable the State Oil Marketing Organization (SOMO) to make optimal use of and diversify export outlets."

 

He added: "Accordingly, revenues must be adjusted and expenditures recalculated in the total 2025 general budget tables. Despite the slight delay, it has not affected the country's financial life at all. The first quarter will end with a high level of financial stability and discipline, as budget commitments in public spending, both operational and investment, have been implemented in a balanced manner and in accordance with a coordinated circle of consultation and communication between the executive and legislative authorities on the one hand, and between fiscal and monetary policies on the other."

 

The Iraqi Prime Minister's financial and economic advisor concluded by saying, "It is expected that these financial tables will be presented to the House of Representatives after the Eid al-Fitr holiday."

 

Today, Minister of Planning Mohammed Tamim announced the completion of the 2025 budget schedules and their submission to the Council of Ministers.

 

The Minister of Planning confirmed that "the budget schedules do not include any new projects, but they do include funding for ongoing projects."

 

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