An economist reveals four reasons behind the delay in submitting the budget.

monetary analyst Basil Al-Obaidi discovered, on Thursday, four motives behind the delay in filing the budget.

Al-Obaidi said, in a announcement to dinaropinions.com, that “the postpone in approving the general budget does not represent direct harm, given that it is a three-year budget protecting three years, whilst only the primary yr is taken into consideration binding, at the same time as the schedules for the final two years may be amended when vital without the want to re-approve the complete price range.”

He explained that “there are 4 most important motives at the back of the delay in the finances, the primary of that is that the Ministry of Finance does no longer have a clear and complete imaginative and prescient of the global financial scene, specifically in light of the economic modifications and emerging challenges on the global scene.”

He persevered, “the second purpose is because of the keenness of the Council of Ministers and the Ministry of Finance to keep away from exploiting the budget schedules for political outbidding, particularly with the imminent election date, as a few are looking for to rent those schedules for political functions.”

He brought, “The 1/3 cause is the Council of Ministers’ desire to gain guarantees from the residence of Representatives that the price range will now not be difficulty to political bickering, and to emphasize its passage in its submitted form immediately.”

He pointed out that “the fourth purpose pertains to the critical economic situation Iraq is going thru, because the government is presently running to discover answers to this financial disaster.”

He concluded his remarks by way of stressing that “the budget will be ultimately supplied for a vote after the Eid vacation.”