POSTED ON BY SOTALIRAQ
, a member of the Iraqi Parliament, Muthanna Amin, saw the need for the draft budget for 2023 to reach the Iraqi Parliament in January, in order to discuss it and then vote on it.
It is noteworthy that on the eighth of last December, the second legislative term of the first legislative year of the parliament ended, and it entered a recess that was reduced to only one month.
The Iraqi parliament is awaiting the arrival of the Iraq budget bill for the year 2023 to the parliament hall, and it is likely that disputes will begin after the bill reaches the Finance Committee, due to the disagreement of the political blocs and parties over confirming their demands in the draft state budget law.
In this regard, a member of the Iraqi Parliament for the Kurdistan Islamic Union, Muthanna Amin, said that “without the budget copy being received and discussed, the issue cannot be fully known, but it is assumed that there will be initial consensus in this regard,” explaining that “it is supposed to reach This month is the first version of the budget from the government, and what is being discussed in the media regarding an actual date for sending it to the House of Representatives is all just speculation.
The size of the Iraqi federal general budget for the year 2021 was more than 101 trillion dinars, and the price of oil was estimated at $45 per barrel, but the price of oil has risen to nearly double that price.
It is noteworthy that Iraq did not vote on the 2022 budget, due to differences between the political parties, which followed the parliamentary elections.
The previous fiscal year covered by the General Budget Law ended on December 31, and the Financial Management Law, which requires the disbursement of one twelfth of the actual spending in the previous year, is in effect until the issuance of the new General Budget Law.
As for the Kurdistan Region’s share of the next budget, Representative Muthanna Amin noted that “there are general determinants that govern the issue of the Kurdistan Region’s share in the budget, including the agreement that preceded the formation of the government, the decision of the Federal Court and the treatment of this decision, the circumstances in which the budget will be formulated, and the blocs’ endeavor to Compatibility and approving the budget in a logical manner, and the understandings of the state administration coalition in this regard.
It is noteworthy that the Kurdistan Region’s share of the public financial budget in Iraq for the year 2021 was determined at 11 trillion and 482 billion and 394 million dinars, which included 8 trillion and 161 billion dinars as operating expenses, 3 trillion and 271 billion dinars for investment, and 923 billion and 434 million dinars as ruling expenses.