The Ministry of Finance has finished the schedules for drafting the 2024 budget, according to the announcement made by the Parliamentary Finance Committee today, Tuesday. This means that the budget will be approved by the Council of Ministers next month and then presented to Parliament.
“The schedules of the budget law will be sent to the House of Representatives,” Minister of Finance Taif Sami told committee members during her hosting yesterday, Monday, according to Mustafa Al-Karaawi, a member of the Parliamentary Finance Committee.
“The Ministry of Finance has completed preparing the budget tables. The Ministry of Planning just needs to make a few adjustments to the investment budget tables before sending them to the Council of Ministers,” he continued.
“The budget law schedules will be sent to the House of Representatives after they are voted on by the Council of Ministers next month,” he said.
Finance Minister Taif Sami declared on Monday that the budget plans for 2024 will be given to Parliament.
“The Parliamentary Finance Committee hosted Finance Minister Taif Sami to discuss a number of topics, including financing the operational budget for the year 2024,” said Mustafa Sanad, a member of the committee.
“The Minister told the committee members that there is no pause in funding the budget with regard to operations and employee salaries,” Sanad clarified.
The Minister of Finance was welcomed by the Parliamentary Finance Committee on Sunday, the day before yesterday, to talk about the localization of pay for employees in the Kurdistan Region and the delays in salary distribution across the nation.
This comes after the Iraqi Ministry of Finance denied political claims that there was a lack of “financial liquidity” while confirming that it has implemented policies and processes to continuously secure salary financing in accordance with the 2024–2025 budget.
Remarkably, on February 21, the Federal Supreme Court—the highest court in Iraq—made the decision to compel the Federal Prime Minister and the Prime Minister of the Kurdistan Regional Government to pay federal banks for the salaries of workers and employees in the public sector in the area.
