Today, Wednesday, the Parliamentary Finance Committee confirmed that it will begin discussing the budget schedules for 2025 at the beginning of November.
“The committee is working, through its meetings with financial specialists in the Ministry of Finance and the Central Bank, to address the delay in financing the governorates’ allocations and ongoing projects to launch project packages in the coming few days,” said Mudhar Al-Karwi, a member of the Finance Committee.
“The committee will begin discussing the 2025 budget schedules early next November, in order to guarantee the salaries of employees and project allocations,” he said.
He went on to say, “The Parliamentary Finance Committee is currently busy with other important files, most notably maximizing revenues from sources other than oil and developing various productive sectors.”
“Relying on selling crude oil as a major source for the Iraqi treasury still represents a major challenge, but on the other hand there are efforts to increase non-oil revenues, but the matter faces multiple challenges,” he stated.
It is interesting to note that the sale of crude oil makes up 90% of Iraq’s treasury revenues, which pay salaries to government employees and cover other costs.
