Iraq’s 2025 budget is anticipated to reach Parliament before March concludes, as confirmed by Mudher Mohammad Saleh, financial advisor to the Prime Minister. A coordinated effort between relevant governmental bodies is underway to finalize and present the budget schedules, in accordance with the 2023 General Budget Law.
Recent developments indicate that Iraq’s 2025 budget is set to be presented to Parliament before the conclusion of March. A senior official, Mudher Mohammad Saleh, who serves as the financial and economic advisor to the Prime Minister, confirmed that there is a mutual understanding between the Parliamentary Finance Committee, the Council of Ministers, and the Ministry of Finance in this regard.
According to Article 77/Second of the 2023 General Budget Law, the Ministry of Finance is mandated to annually present the budget schedules, which include any modifications to both operating and capital expenditures. Saleh explained that these tables will first be submitted to the Council of Ministers for approval, before being sent to Parliament.
Furthermore, it is anticipated that the budget schedules will reach Parliament prior to the conclusion of Ramadan, a significant period in the Muslim calendar that ends this month. An MP affiliated with the Shiite Coordination Framework reiterated this timeline, indicating that the Ministry of Finance plans to send the budget tables to the Cabinet for deliberation and subsequent voting within the week.
In summary, Iraq’s 2025 budget is expected to be submitted to Parliament by the end of March, with the Ministry of Finance coordinating closely with the Parliamentary Finance Committee and the Cabinet. The adherence to the timetable stipulated in the 2023 General Budget Law reinforces the structured approach towards fiscal planning in Iraq. Ultimately, the timely discussion and approval of the budget are anticipated to occur before the end of Ramadan.
Original Source: shafaq.com
