Economist: No budget schedules and investment projects are at risk of being halted

 Economist: No budget schedules and investment projects are at risk of being halted

Economic expert Abdul Rahman Al Mashhadani ruled out the existence of budget schedules for 2025, and that 2026 will also not witness a budget.

Al-Mashhadani confirmed to Al-Furat News Agency that government spending will be done according to the 1/12 rule of the 2024 budget.

Al-Mashhadani pointed out that the 2024 budget deficit is clear and ranges between 15 and 16 trillion dinars.
He explained that "total spending was 156 trillion dinars, while revenues ranged between 140 and 141 trillion dinars, which confirms the clear and known financial deficit."

The economic expert stressed that "the economic situation in general is linked to global oil prices." 
Al-Mashhadani explained that "within normal rates, things are proceeding normally," but he warned that "the absence of budget schedules means no spending for investment and commodity aspects."

The economic report predicted that "projects that are currently being spent and implemented may stop, and spending will be limited to salaries only."

Regarding next year's budget, he also expected that "the budget deficit will be lower, given that spending will be restricted to the 1/12 system of what is spent in the 2024 budget."  link