Expert identifies the damages of not submitting the final budget account

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Expert identifies the damages of not submitting the final budget account

financial expert Salah Nouri found out the damages due to the Ministry of Finance’s violation of the charter by using not submitting the final account with the draft wellknown finances law.

Nouri explained in his declaration to {dinaropinions.com} organization that “the very last account of the country, as said in Article (1) 1/3 of the monetary management regulation No. (6) of 2019, is the federal monetary statements that include the economic function statement and the end result dimension account, and it reflects the implementation of the federal standard budget.”

He mentioned that “Article (sixty two) first of the Iraqi charter of 2005 obliges the Council of Ministers to post the draft wellknown budget regulation and the final account to the residence of Representatives, which has not been carried out by way of the Ministry of Finance for decades,” explaining that “the Federal court has supported a lawsuit filed by using one of the parties against the ministry on this regard.”

The financial expert defined that “not filing the final account deprives the house of Representatives of evaluating the real success of enforcing the finances for the previous year with the draft finances law for the subsequent year, which results in a lack of transparency in costs and hinders the ability to discover economic deviations and excesses.”

He stressed that “the very last account for 2023 may be submitted because it has been carried out, whilst the account for 2024 cannot be submitted because it has no longer but ended, and the account for 2025 can’t be submitted as it has now not but begun.”