Economy | Today, 12:14 |
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Baghdad today – Baghdad
The financial and economic adviser to Prime Minister Mazhar Mohammed Saleh commented today, Sunday (April 28, 2024), on the implementation of the 2024 budget without the approval of its schedules by parliament.
Saleh told Baghdad Today that “the experience of the tripartite public budgets approved under the Federal General Budget Law No. 13 of 2023 (Tripartite Budget), its law has become binding to apply regularly and an annual hierarchy without interruption and according to the applications of public finances in the implementation of the details of the general budget itself in its operational and investment, and because the application of the three-year budget experience as a medium-term financial plan has been adopted in our country for the first time as in line with a text of the amended Federal Financial Management Law No. 6 of 2019.”
He pointed out that “the general budget for the year 2024 has become obligatory since the entry of the country into its new fiscal year and in accordance with the laws and financial and economic data contained in the texts of Law No. 13 of 2023 mentioned above, including operating expenses and investment expenses for ongoing and new investment projects, as long as it falls within the general budget constants No. 13 above.
Saleh stressed, “The provision in the Tripartite Budget Law that the executive authority provides tables related to expenditures, revenues and the estimated deficit for the current fiscal year 2024 is a constitutional and supervisory context and falls within the duties of the legislative authority, based on the above. The work of the federal budget (tripartite) law constants does not contradict and proceed in the implementation of the requirements of the national development program, especially in the implementation of new projects approved by their allocations within the law, and that this executive mechanism is the basis on which the philosophy of the tripartite budget was based, which provided legal flexibility in advancing the wheels of economic development projects without a slown time and loss of time opportunities, so the presentation of expenditure and revenues for the fiscal year 2024 is a context in which the legislative authority has within its constitutional supervisory duties to ensure the implementation of the federal tripartite budget law.”
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