economic expert Salah Nouri explained that spending on the requirements of the Arab development Summit being held in Baghdad is primarily based on clean prison mechanisms within the financial management regulation and the Federal trendy price range.
Nouri defined, in a assertion to {dinaropinions.com}, that: “Article {1} Paragraph {7th} of the monetary administration law No. {6} of 2019 described the “emergency reserve” because the amounts accredited within the Federal preferred price range law to cowl emergency and surprising fees that occur after the law is enacted.”
He brought, “The finances regulation for the years 2023, 2024, and 2025 stipulated in Article {1/A/three} the allocation of an quantity of {500} billion Iraqi dinars within the “different expenses” appropriations below the emergency reserve object.”
Nouri defined that “Article {6} of the price range law granted powers to the prime Minister and the Federal Minister of Finance to use the quantities approved for the emergency reserve to cover pressing fees, with a most of {three} billion dinars for each case, supplied that the approval of the Council of Ministers is acquired whilst this restriction is passed, upon the inspiration of the Minister of Finance.”
He also mentioned that “the identical article requires the Minister of Finance to prepare controls for disbursing emergency reserve allocations inside the instructions for imposing the yearly wellknown finances, in addition to the Federal Board of economic Supervision making ready a quarterly document to be submitted to the residence of Representatives, along with the expenditures from those allocations.”
Nouri mentioned that “those controls ensure transparency in protecting the Arab Summit’s expenses inside a clear legal ceiling that reflects the state’s commitment to accountable spending tactics.”
