Yahya Al-Muhammadi, a member of the Parliamentary Finance Committee, disclosed today that certain administrative and routine procedures from the Ministries of Finance and Planning inadvertently caused a delay in implementing the budget law. Al-Muhammadi urged the ministries to prioritize the completion of their tasks to avoid further delays.
According to Al-Mohammadi, the Ministries of Finance and Planning experienced an unintended delay in completing budget law instructions, which in turn caused a delay in implementing the budget law within state institutions and ministries.
Al-Muhammadi stated that they had requested the Parliamentary Finance Committee from both ministries to speed up the release of the budget instructions. They acknowledged that administrative and routine procedures caused delays in implementing the budget law, but clarified that there was no intention behind the delays.
According to the deputy, the Ministry of Finance will soon release the instructions for the budget law and distribute them to all state institutions and ministries.
The federal budget law for the years 2023, 2024, 2025 was voted on by the Iraqi parliament in the early hours of Monday, June 12, following five days of discussions.
The current year’s budget has a value of 197 trillion and 828 billion Iraqi dinars, which is equivalent to about 152.2 billion dollars. However, there is a total deficit of 63 trillion dinars or approximately 48.3 billion dollars. Unfortunately, the details of the 2023 and 2024 budgets have not yet been released.
The Federal Public Finance Law was approved by the President of the Republic, Abdul Latif Jamal Rashid on June 21, 2023.
In July of last year, the Federal Supreme Court, which is the highest judicial authority in Iraq, issued a state order regarding certain articles of the country’s tripartite financial budget law.
As ordered by the state, several articles of Law No. 13 for the years 2023-2025, which pertain to the federal budget of Iraq, have been suspended. These include Article 28/Fourth: A-B, Article 57/First-C, Article 65/Second, Article 70/Second, Article 71, and Article 75. This suspension will remain in effect until a decision is made on a constitutional challenge to the law, which has been registered under the number 153/federal/2023.
According to a statement released by the Federal Court, Prime Minister Muhammad Shia al-Sudani has requested a state order against Parliament Speaker Muhammad al-Halbousi for the issues mentioned above.
Last June, Sabhan Al-Mulla Jiyad, the Prime Minister’s Advisor for Political Affairs, proposed that the government may contest certain aspects of the budget articles.