Baghdad – IA – Nassar Al-Hajj
The Financial Advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Tuesday, that the Ministry of Finance is in the process of preparing the general budget schedules for the year 2025, while pointing out the most important pillars that will be adopted in next year’s budget.
Saleh said to the (INA): “Article 77/second of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the tripartite budget, stipulates that the government shall send the budget schedules for the years 2024 and 2025 to the House of Representatives for approval before the end of the year.” previous fiscal year.
He added, “The Ministry of Finance has announced that it is in the process of preparing the general budget schedules for the year 2025, in accordance with the constitutional mechanisms adopted by the Tripartite Budget Law above.”
He pointed out that “based on the indicators of budget implementation over the first two years that were stated in Law No. 13 mentioned above, the financial authority possesses the financial administrative capabilities necessary to submit the 2025 budget schedules so that they can take their legislative course by discussing and approving them in the Council of Ministers and referring them to the House of Representatives before the end of this year.” “.
Saleh noted that “the federal general budget schedules for the year 2025 will stem from the constants of Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, in a way that ensures the adaptation of the provisions of the budget schedules for the year 2025 within the available legal texts, in addition to relying on Performance of indicators of the general budget schedules for the year 2024.”
He stressed that “major reconstruction projects will continue to progress in accordance with the vision of the government program to ensure the continuity of growth rates in the gross domestic product in general and the (non-oil) gross domestic product in particular.”