Delays in approving the budget are a recurring phenomenon due to political variations, whether inside the authorities or among the authorities and parliament. This postpone has come to be extra evident in latest years. with regard to the 2025 budget, the united states has witnessed continuous delays in approving the economic schedules for this year, which raised questions about the reasons and terrible repercussions of this delay.
Observers affirm that this delay will result in a extreme shortage in funding and a delay in sending the finances schedules, which threatens to disrupt the implementation of many crucial improvement initiatives. This delay displays a nation of issue approximately the government’s capability to fulfill its economic and social responsibilities on time, which negatively affects the improvement of infrastructure and the success of economic balance.
speakme approximately this file, Jamal Koujar, a member of the Parliamentary Finance Committee, found out the effect of the put off in sending finances tables on funding projects in Iraq, noting that the government has no longer yet sent any tables associated with the 2025 budget.
Koujar explained in a announcement to / dinaropinions.com / organisation that “the budget is typically despatched within the fourth month of every year, and if it’s far behind schedule, as took place in 2024, the authorities will hold to spend the 2024 finances with out approving new tasks for 2025.”
He explained that “the authorities has not but sent any tables or files related to the 2025 finances to the relevant authorities, including Parliament and the applicable monetary committees, and it’s miles expected that this could be behind schedule till after the fourth month of this 12 months.”
He talked about that “greater than 6,000 tasks are presently suspended because of loss of investment and the put off in sending budget tables, which threatens to disrupt the implementation of many development initiatives.”
He added, “The put off in sending the finances will especially have an effect on the investment finances, if you want to face trouble in financing new projects, which means that previous initiatives may be the best desire for persevered implementation.”
concerning the differences between preceding budgets, Koger factors out that “the finances for 2023 and 2024 contained a difference of approximately 15 trillion dinars, and the functions of the upcoming budget are not yet clear, specially in light of speak approximately the opportunity of a decrease in sales, which can also cause a reduction in the investment price range.”
He keeps that “the predicted monetary resources for 2025 may face a good sized shortage due to the contemporary financial conditions and the continuing decline in oil expenses.”
further, financial expert Nabil Al-Marsoumi warned of the danger of masking the high economic deficit inside the 2025 price range with inner money owed.
Al-Marsoumi stated in an interview with /dinaropinions.com, that “the kingdom’s public expenses are continuously growing, and therefore the price range deficit continues, and the financial budgets after 2003 blanketed a making plans deficit of a certain amount, and then when the price range is applied, there may be a surplus,” indicating that “we observed inside the financial finances for 2024 a deficit of greater than 20 trillion dinars, that’s an real deficit and now not hypothetical or speculative.”
He added that “this leads to an boom in the inner debt, which has end up 83 trillion dinars after it turned into round 70 trillion dinars,” noting that “protecting the monetary deficit within the price range via inner debt is the supply of threat in Iraq today and reasons top notch burdens and weakens the country’s economic capacity, in addition to casting a shadow over the overall monetary movement in the u . s . a ..”
The postpone in approving the budget schedules for 2025 poses a first-rate project to the national economy, which requires the government to decorate coordination among all worried parties and take urgent steps to expedite the submission of budget schedules.
