Baghdad, The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, expected today, Tuesday, the date for approving the budget law.
Saleh said, in a statement to the official News Agency, that “public finance continued to apply the exchange rule 1/12 of the total current expenditures achieved until the end of the fiscal year 2022, based on the provisions of Article 13 / First of the Federal Financial Management Law in force No. 6 of 2019 as amended.”
He added, “Continuing investment projects should be included in the aforementioned exchange rule, including projects approved under the Emergency Support for Food Security and Development Law No. 2 of 2022, in order to ensure that the benefit is not missed, due to the delay in approving the federal budget for the year 2023 until the present time.”
Saleh indicated that “the general budget will begin in the House of Representatives after it is presented to the Council of Ministers at a close date,” expecting that “the budget will be approved during the month of February.”
Source: National Iraqi News Agency