The 2024 budget has entered into force… and there is no need to send its schedules to Parliament – urgent

2024-04-28 09:20:07

We present to you, dear followers of our website, this news entitled: Sudanese Advisor: The 2024 budget has entered into force… and there is no need to send its schedules to Parliament – urgent . Now to the details.

Baghdad Al-Youm – Baghdad, the financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, commented today, Sunday (April 28, 2024), on the implementation of the 2024 budget without the approval of its schedules by Parliament. Salih told “Baghdad Al-Youm” that “the experience of the tripartite general budgets that… It was approved in accordance with the Federal General Budget Law No. 13 of 2023 (the tripartite budget). Its law has become binding to be applied regularly and in an annual hierarchy without interruption and in accordance with public finance applications in implementing the details of the general budget itself in its operational and investment parts, and since the application of the three-year budget experience as a medium-term financial plan has been done. It was approved in our country for the first time, in line with a text contained in the amended Federal Financial Management Law No. 6 of 2019. He stated that “the general budget for the year 2024 has become obligatory to implement since the country entered its new fiscal year and in accordance with the laws and financial and economic data contained in the texts.” Law No. 13 of 2023 mentioned above, including operational expenditures and investment expenditures for current and new investment projects, as long as they fall within the constants of the general budget No. 13 above. Saleh stressed that “what is stated in the Tripartite Budget Law is that the executive authority submits tables related to With expenditures, revenues, and the estimated deficit for the current fiscal year 2024, it is a constitutional and supervisory context and falls within the duties of the legislative authority. Based on the above, working with the principles of the Federal (Tripartite) General Budget Law does not conflict with the progress in implementing the requirements of the National Development Program, especially in implementing new projects whose allocations have been approved. Within the law, this executive mechanism is the basis on which the tripartite budget philosophy was based, which provided legal flexibility in advancing economic development projects without time delays and loss of time opportunities. Therefore, presenting the expenditure and revenue schedules for the fiscal year 2024 is a context undertaken by the legislative authority within its constitutional oversight duties. To check on the progress of implementation of the federal tripartite budget law.”

Sudanese Advisor: The 2024 budget has entered into force… and there is no need to send its schedules to Parliament – urgent

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