The head of the Iraqi National Business Council, considered the budget schedules “flexible and included sacred paragraphs.”
Abdel Zayer said, during his hosting of the program {Free Speech} broadcast on Al-Furat satellite channel that: “
There are no winners and losers in the 2024 budget under the law to meet the needs of other ministries.”
– The schedules were an addition that was approved with a slight difference from last year and is considered a deficit. At the present time, but these numbers can be changed with the rise in oil prices.
– The budget law gave the government and ministries authority to spend to implement projects, and also granted the government powers to make transfers according to the actual need and importance of the projects.
– There is a sanctity to some paragraphs in the budget, which are {social care and the ration card The farmers’ amounts have priority in spending, in addition to salaries and the operating budget.
The 2024 budget is ambitious, and Prime Minister Muhammad Shia al-Sudani wants to make a qualitative economic shift in Iraq and has foresight regarding the size of matters.
There are huge obligations on the government, and any allocated amounts go to major projects The large Al-Faw port and the road to development.
– The industry in Iraq is conflicted and cannot be relied upon, and the government is serious about working to rehabilitate local companies.
– It is assumed that industrial companies will be transferred to the mixed sector and transformed into joint-stock companies that depend on self-financing and are managed away from the control of the ministry, as the management of the companies is independent. By shareholders, it contributes to the revival of the industrial sector.
The delay in approving the budget was due to the procedures of the Ministry of Finance, and the responsibility for the success and failure of projects lies between the provincial councils and the relevant ministries.
The ministries were flabby in previous governments. But in the Sudanese government, there is careful monitoring of all budget details in the ministries and governorates to solve all the problems facing both sides.
The government most open to the private sector is the Sudanese government. But we have not yet reached the level of ambition, and the government may sponsor the private sector to obtain external loans to implement strategic projects.
The effects of operational spending go to projects to relieve bottlenecks and infrastructure, and the budget law includes the possibility of borrowing from government and foreign banks to cover the deficit.
-The government’s financial balance decreased from 23 trillion dinars to only one trillion dinars as a result of spending on service projects. But in return, we have revenues amounting to more than 9 trillion dinars per month.
-The government seeks to amplify local revenues during the coming year to fill the deficit by demonstrating a major strategic project.
There are smuggling operations currently taking place of the region’s oil without delivering it to Baghdad, knowing that the smuggled oil, if delivered to the federal government, will generate more revenue for Kurdistan.
alforatnews.iq
