Masoom endorses the revised budget


 

BAGHDAD –
The President of the Republic Fouad Masoum, on Monday, the legal reserve of property of the pillars of the former regime and the federal budget amended for the year 2017.

According to a presidential statement received by the «Journal News», that infallible ratified the draft law “the seizure and confiscation of property and movable and immovable property of the elements of the former regime, voted by the House of Representatives earlier on the provisions of item (III) of Article (73) of the Constitution.

He explained that “this law has been established for the purpose of identifying persons involved in the seizure and confiscation of movable and immovable property under previous legislation and the establishment of the appropriate mechanism to end the detention procedures. He also ratified the law of amending the General Budget Law No. 44 of 2017, In accordance with the provisions of Article (III) of Article (73) of the Constitution. ”

He added that “this law began to fill the shortfall in the salaries of state employees and the public sector and members of the popular mobilization and to ensure payment of pensions and insurance of the needs of displaced persons and to pay the receivables of audited contractors from the Federal Audit Bureau and the benefits of farmers and the needs of the ministries of electricity, oil and health, “He said.

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