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Ministry of Finance: We have taken steps to reform public budgets

The Ministry of Finance announced, on Sunday, June 20, 2021, the development of the necessary steps to reform the public budget systems in accordance with the adoptions of the financial and economic reform paper.

And the ministry stated in a statement, “The Minister of Finance, Ali Abdul-Amir Allawi, chaired today a meeting to follow up the implementation of the white paper projects, in the presence of the Prime Minister’s advisor and executive director of the Economic Reform Committee, Alaa Al-Saadi, the Undersecretary of the Ministry, my advisors, and a number of general managers in the ministry.”

She added that “the meeting dealt with several axes related to the follow-up of the implementation of the projects approved by the white paper, the most important of which is the draft reform of the state’s general budget strategy, which includes the development of the basic expenditure rules for the budget and investment projects.”

The Finance stated, according to the statement, that “the mechanisms for designing the investment and current budget were discussed to ensure the financing of projects throughout the implementation stages, and to focus on preparing and launching operational and investment allocations on a quarterly basis, in addition to preparing quarterly budget reports for audit purposes and sending accounting reports in order to achieve the principle of integrity and transparency.”